I have long believed that it is misleading to speak of ‘Asia’ as if it were one cohesive entity. Asia is a diverse region spanning more than two billion people with vastly different levels of economic development, political systems, histories and cultures. These differences are increasingly evident in how the region’s economies are faring in [Read more...]
The US Q1 GDP numbers released yesterday were, bluntly put, a horror show. They were not, however, wholly unexpected by yours truly — I had expected a slightly better but still dismal outturn compared with Q408’s -6.3% q-o-q annualised number. And that’s basically what we got: a -6.1% reading.
Have a look at the underlying numbers. [Read more...]
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