Economics
Philippines, Indonesia and India Have Got a Fed Problem
- Duterte, Jokowi, Modi want infrastructure to replicate China
- But Fed balance-sheet tightening could lure investors away
Duterte, Jokowi, Modi and China Like Infrastructure
This article is for subscribers only.
Start your day with what's moving markets in Asia. Sign up here to receive our newsletter.
The populist leaders of India, Indonesia and the Philippines won office with promises of massive spending to upgrade their nation’s roads, railways and ports. Doing so, the thinking goes, would supercharge economic growth and emulate China’s success.