If Republican nominee Donald Trump wins the US presidency come November, Asian economies would be in for a shock, Japanese research house Nomura warned.
“A Trump presidency would no doubt hurt Asia’s gross domestic product (GDP) growth and could ultimately drive cost-push inflation, impart smaller trade surpluses and looser macroeconomic policies,” analysts said in a recent note.
Elaborating on the report in a media call on 28 July, Nomura singled out South Korea, the Philippines and Taiwan as the most vulnerable, both economically and geopolitically.