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ASIA ECONOMICS

Lower trough, deeper cuts

The US-China trade war could see Asia ex-Japan slowing further and reaching a trough by 1Q20.

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Economies that run a current account surplus and have high trade linkages are likely more exposed, such as Singapore, compared to economies running a deficit and benefiting from strong domestic demand.

AS US-CHINA trade tensions have oscillated between de-escalation and escalation, the growth slowdown in the Asia-ex-Japan region has unfolded in slow motion. Indeed, the prior nascent recovery has given way to a double-dip, with regional growth having eased to the lowest quarterly pace since the...

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