Good Morning Asia - 18 May 2020

Caution could dominate Asian markets on Monday with investors reacting to Powell’s hints of prolonged economic recovery for the US

In this bundle

Asia Morning Bites

ASEAN Morning Bytes

The US continues to point fingers at China for the Covid-19 spread while the Fed warns of a drawn out economic recovery

Japan

Japan in technical recession and worse is to come

First-quarter GDP falls 0.9% in Japan. This sounds bad, and it confirms a technical recession (not that there was ever any doubt) but it compares well…

China

China: activity data suggests long recession

China’s industrial production, retail sales and fixed asset investment growth only show a slow recovery. With very high unemployment around the…

Indonesia

Indonesia: Exports retreat as Covid-19 hits

Indonesia posted a trade deficit in April but falling exports and plunging imports point to weaker 2Q GDP