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Economics Discuss Biden's stimulus plan could drive out funds from Asia to the U.S., JPMorgan says at the Political Forums; A way to fight foreign competition? Biden's stimulus plan could drive out funds from Asia to the U.S., JPMorgan says ...

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Old 01-15-2021, 06:05 AM
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Default Biden's stimulus plan could drive out funds from Asia to the U.S., JPMorgan says

A way to fight foreign competition?
Biden's stimulus plan could drive out funds from Asia to the U.S., JPMorgan says

Quote:
SINGAPORE — Asia’s emerging markets could become a casualty as a result of U.S. President-elect Joe Biden’s latest $1.9 trillion Covid relief plan.
Quote:
“We’ve seen over 18 consecutive weeks of fund inflows into Asia ex-Japan over the course of the last couple of months,” he said, adding that it is “highly likely” that funds start to rotate out of emerging markets in Asia back to the U.S. as a result of the boost to economic growth from Biden’s plan.
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