Chart beat: AI boom drives current account divergence between North and Southeast Asia
· Source: livemint.com
In short
The AI boom is intensifying the current account gap between North and Southeast Asia, with Taiwan and Korea benefiting from high-value tech chip exports, leading to record current account surpluses. Conversely, Southeast Asia, focused on lower-value manufacturing and facing higher import costs for data centers and oil, is experiencing increased current account deficits and currency depreciation risks.
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Tags: AI, chips, supply chain, exports, Southeast Asia, North Asia