Asian Emerging Markets Resilient Amid Geopolitical Risks, S&P Says
Asia's emerging markets (EMs) have shown strength despite facing geopolitical volatility, S&P Global Ratings said in a Tuesday release.Growth in these markets should gain support from strong demographics, more active financing, and increased productivity, S&P said.Access to diversified and cost-effective financing markets will be essential for EMs, given that the scale of investments requires funding beyond public balance sheets, S&P's global head of emerging market development Guy Deslondes said.EMs will make up nearly 65% of global growth until 2035, with Vietnam, India, and Indonesia posting the most notable growth rates, the rating agency said.However, EMs also need to take steps to bridge the per capita income gap with advanced economies, including a faster pace of productivity gains and leveraging their demographic advantages, S&P said.