The outlook in Asia for exports, one of the key swing factors for the region’s broader economy, remains uncertain, economists say.
Asia’s export engine took a hit in the wake of the 2008 financial crisis, which hurt economic growth and demand from key markets the U.S. and Europe. The recovery from that period remains slow, according to analysts.
“The overall export trend has been subdued since the financial crisis,” said Derrick Kam, from Morgan Stanley’s Asia-ex Japan economics team. “First quarter export growth in Asia was particularly weak, down 1.8 percent year-on-year compared with a 6.1 percent rise in the fourth quarter of 2013 and a 4.1 percent gain in the third quarter,” he added.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015