SINGAPORE (Nov 12): The US is reaching important — and potentially disturbing — turning points, in politics as well as in the economy. First, the results of the midterm elections have changed the political dynamic, which will reorientate US President Donald Trump’s domestic and foreign policy directions. Second, the economy, while still growing strongly, is beginning to show signs of trouble ahead. Emerging Asian economies will have to prepare for even more turbulence ahead: They will have to step up domestic efforts to support demand while also overcoming differences so as to work together on trade and related issues.

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