Asian EMs better off than global peers, Singapore's Menon says

SINGAPORE (Sept 13): Emerging markets in Asia are in a stronger position than peers elsewhere because of solid economic growth prospects, low inflation and strong reserve buffers, said Singapore’s central bank chief.

While the region’s developing economies won’t be spared from the market turmoil that’s hit countries from Argentina to Turkey, once the “adjustment has run its course” investors will be better able to discern that countries like Indonesia have taken the right steps in response, Ravi Menon, managing director of the Monetary Authority of Singapore, said on a panel at a Milken Institute conference on Thursday.

“Asian emerging markets are in a better place than emerging markets elsewhere,” Menon said. “It goes back to fundamentals. Growth is good, inflation is low, buffers are strong.”

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