Reported 8 months ago
Singapore's DBS Group released a report assessing 27 emerging market economies based on key indicators as of the end of 2023, with Asian emerging markets looking 'quite healthy.' Taiwan claimed the top spot in economic health among the 27 markets due to its strong reserves from high savings and investment surplus, as well as low external and government debt. Other Asian countries ranking high include Vietnam, Indonesia, and South Korea. Taiwan's private debt, however, is relatively high at 141.7% of GDP. Despite structural challenges faced by China, the report highlighted Asia's relative economic health among emerging markets.
Source: YAHOO