Asian emerging markets are not looking so bad after all

Investors remain upbeat about long-term growth prospects

Monish Tahilramani

October 24, 2022 05:00 JST

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Pedestrians in a shopping district of Kuala Lumpur: Years of growth have turned emerging markets into a global force of consumption in their own right. © Sipa/AP

Monish Tahilramani is global head of emerging markets at HSBC in Hong Kong.

The toxic combination of COVID, inflation and the war in Ukraine has triggered a bout of global volatility that has hit Asia and other emerging markets hard, but many are weathering the challenges better than anticipated and a growing number of investors and businesses are recognizing value in their long-term growth prospects.