![]() "This means that populations in these countries could remain vulnerable not only to the current outbreak, but any future mutations that may develop," HSBC said. HSBC economists warn the low inoculation rates in Indonesia, Vietnam, the Philippines and Thailand, as well as the uncertain efficacy of their vaccines, put their economies at risk. The setbacks threaten the growth of one of the world's more resilient emerging market blocs, which has withstood various global crises in recent decades thanks to broad robust economic reforms and its proximity to China.
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