Higher-for-longer rates set to hit Asia's tech sectors as Fed stays the course: analysts - The Business Times
• Analysts warn that the US Federal Reserve's decision to maintain higher interest rates for longer will negatively impact Asia's tech sectors and slow global growth. • Economies with large youth populations and high import reliance, specifically India, Indonesia, Pakistan, and the Philippines, are expected to be most vulnerable to these conditions. • Asian central banks are increasingly diverging from the Fed's path to address local macroeconomic factors, such as varying inflation outlooks and energy price exposure.
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