onsdag 11. mars 2020

Asia has little hope of economic recovery in 2020

For Asia's leaders, 2020 cannot end fast enough. Just 70 days in, four of the region's top economies are already stumbling, the coronavirus outbreak is killing tourism and collapsing oil prices are adding to the sense of panic in markets.

Now for the really bad news: for Asia, these last 10 weeks might be as good as 2020 gets.Officials in Beijing, Tokyo, New Delhi and Seoul did not enter the year with rose-colored glasses. There was hope, though, that the U.S.-China trade war would give way to a somewhat kinder, gentler, or at least quieter, 12 months. And even as coronavirus news turned bad in February, markets largely held their own.