This podcast episode explores the impact of the U.S. macro resilience on Asia's equity markets and discusses the potential risks and outlook for Asian and emerging markets in light of global economic developments. The U.S. economics team has revised its GDP growth forecast upwards, but there are concerns about a shallower and later easing of global monetary policy. The speakers highlight both positive factors and potential risks for different markets, and emphasize the resilience of India's equity market. They also discuss the potential risks of a hard landing for the global economy if the Federal Reserve is forced to resume rate hikes to combat inflation. Overall, the speakers maintain their core view that market leadership will continue to come from Japan and India, but acknowledge the potential for a shift towards more domestically-oriented markets in a more inflationary and hawkish scenario.
