Home Views Geopolitics

How Asean feels the heat from 'someone else's war'

Lim Hui Jie
Lim Hui Jie3/17/2022 09:02 PM GMT+08  • 7 min read
How Asean feels the heat from 'someone else's war'
Despite the Russia-Ukraine conflict being far away, its effects can be felt close to home. Find out how.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

As the Russian invasion of Ukraine reaches its three-week mark, the economic fallout raises the possibili­ty of tipping economies into recession — specifically those in Eu­rope already burdened with inflationary woes, warns Chua Hak Bin, Maybank Investment Banking Group’s regional co-head for macro research.

Now, despite the conflict feeling like “someone else’s war” due to the distance it is taking place from Ase­an, the economic impact can be felt in the region.

In a webinar on March 14, Chua ob­serves that although Asean has relative­ly small trade links with Russia, with the latter only making up only 0.4% of trade and 0.1% of foreign direct in­vestment (FDI), the effects of the con­flict could spill over to affect the Eu­ropean market, which could have a “larger adverse impact on us”, he says.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now