Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

PK Basu has 34 years experience covering Asia's economies and markets (equities, fixed income and currencies), including 20 years covering the global economy. He was Chief Economist (SE Asia & India) at Credit Suisse First Boston for 5 years, and Chief Asia (x-Jpn) Economist at Daiwa Securities for a similar period. Among other roles, he was global head of research at Maybank Kim Eng, Malaysia equity research head and chief ASEAN economist at Macquarie, Chief Economist at ICICI Securities, ASEAN economist at UBS and the first chief economist at Khazanah Nasional (where he was co-head of research, and led all agri-business initiatives). PK Basu started his career in the Asia Service of WEFA (Wharton Econometrics) in Philadelphia in 1990, rising to be Director of their Asia Service in June 1994. 
PK's book, "Asia Reborn: A continent rises from the ravages of Colonialism and War to a New Dynamism" won the Tata Literature First Book Award (non-fiction) for 2018. It is the first single chronicle of the modern economic and political history of the whole of Asia (from Iraq and Turkey to Korea and Japan, and everything in between), told from an Asian perspective.

Chief Economist & Political Strategist

EMs: Where Are the Contagion Risks from Argentina?

REAL-Economics.com

Thematic (Sector/Industry)

Turkey was already financially vulnerable, with a current account deficit of 6% of GDP, reserve import cover of less than 3.7 months, and external debt at 53% of GDP. So it took relatively small actions by the US (threatened tariffs on US$1.7bn of imports from Turkey, and additional ones on its steel and aluminium exports, plus symbolic sanctions against two Turkish ministers) to tip the Turkish Lira into a depreciating swoon. President Erdogan of Turkey has responded with defiance, obliging his…

Turkey was already financially vulnerable, with a current account deficit of 6% of GDP, reserve import cover of less than 3.7 months, and external debt at 53% of GDP. So it took relatively small actions by the US (threatened tariffs on US$1.7bn of imports from Turkey, and additional ones on its steel and aluminium exports, plus symbolic sanctions against two Turkish ministers) to tip the Turkish Lira into a depreciating swoon. President Erdogan of Turkey has responded with defiance, obliging his…

Turkey: Erdogan Throws a Match into the Embers of a Crisis Created by Trump's Nudge