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Capital inflows will move towards risky assets, especially in Asia including Thailand after the International Monetary Fund (IMF) revised its world GDP growth estimate for 2021 from 5.2% to 5.5%, a signal the economic impact of the pandemic may have receded, predicts Asia Plus Securities (ASPS) Research.
According to ASPS Research, IMF s GDP growth projections for many Asian countries are relatively higher than those in other regions. India is expected to grow by 11.5%, China by 8.1%, and Malaysia by 6%, while the US is projected to grow by only 5.1% in 2021.
President Joe Biden s tax hikes could cut the profits of listed companies in the US for the next few years.