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Time for India, Indonesia to say ‘brace, brace, brace...’
The two large Asian economies are vulnerable to the risk of a hard landing as fallout from the Iran war.
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India’s vibrant aviation sector is threatened by rising jet fuel prices at a time when its currency is weakening.
PHOTO: AFP
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Already, things were bad enough with the relentless surge of Chinese manufactured products threatening to deindustrialise vast tracts of the South-east Asian and South Asian industrial landscape, and artificial intelligence eating into white-collar employment.
Now, thanks to the Iran war, an economic gut-punch inflicted by the US and Israeli leadership is beginning to be felt around Asia, and the pain will stay long after the fighting stops.
