In Indonesia, the Philippines and Thailand, confidence in the economy is giving way to growing angst as politics gets in the way.
The sun sets beyond buildings in Bangkok, Thailand, on Tuesday, Feb. 3, 2026. Some of the world’s biggest money managers say this weekend’s general election is prompting them to keep exposure limited, as the outcome will only compound existing challenges like elevated household debt and weak growth. Photographer: Valeria Mongelli/Bloomberg