Fitch predicts APAC resilience to US tariffs/China slowdown; India faces higher tariffs without a trade deal.
Summary
Fitch Ratings predicts that most Asia-Pacific (APAC) nations will be resilient to US tariffs and China's economic slowdown. India, however, faces higher tariffs due to the absence of a trade deal with the US. The report highlights the importance of strong external accounts and central bank actions in managing weaker exports and anticipates persistent fiscal deficits across the region.
Key Points
- APAC region is expected to show resilience against US tariffs and China's economic slowdown.
- India faces higher tariffs due to the lack of a trade deal with the US.
- Strong external accounts and central bank actions are crucial for managing weaker exports.
- Fiscal deficits are expected to remain high across the APAC region.
- The report is from Fitch Ratings, a credit rating agency.
Full Article
Most Asia-Pacific nations will likely withstand US tariffs and China's economic slowdown. India faces higher tariffs as it lacks a trade deal with Washington. Strong external accounts and central bank actions will help manage weaker exports. Fiscal deficits are expected to remain high across the region, with slow improvement anticipated.