January 9, 2022

Asian countries will face three major headwinds in the year ahead, according to Carlos Casanova senior economist, Asia at Swiss private bank UBP.

“We have rising omicron cases. We have priced in slower growth in China at around 5%. And now, the Fed meeting minutes suggest that the pace of the tapering will be faster-than-expected,” he told CNBC “Squawk Box Asia” on Friday, adding that these factors “pose a threat for the region as a whole.”

The U.S. central bank spooked investors last week after minutes of its December meeting signaled members were ready to tighten monetary policy more aggressively than previously expected.

Read more:

https://www.cnbc.com/2022/01/10/asias-2022-risks-omicron-china-slowdown-tapering-economist-says.html