Yetsenga: Time to rethink India (and Asia)

Promising developments are visible across a range of Asian economies, belying the mood of doom and gloom, ANZ’s new chief economist says, particular in India.

Speaking to BlueNotes on video, Richard Yetsenga said the wheel was beginning to turn in Asia after a period of struggle amid an export slowdown and tighter liquidity.

"[The China slowdown] should probably be elongated rather than some abrupt crisis-like outcome."
Richard Yetsenga, ANZ chief economist

Time to rethink India (and Asia)

“I think there’s a lot of good news to talk about,” he said. “China obviously has some major structural shifts which it’s undergoing but the slowdown that comes out of that should probably be elongated rather than some abrupt crisis-like outcome.”

Yetsenga said India looks a “pretty good” story, with a clearer outlook in the political sphere – the government’s appetite for reform remains intact -  and positive moves at the country’s central bank.

“Rather than talking about India as a land of potential, it seems to be finally delivering,” he said. “I think India actually is in a pretty sweet spot.”

He also touched on how Australia and New Zealand are coping with the end of the commodity boom and the changing nature of China’s growth. Watch the video above to find out more.

Andrew Cornell is managing editor at BlueNotes

The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.

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