Malaysia: Gradually losing momentum>
Real GDP growth moderated to +4.4% y/y in Q3 from +4.9% in Q2, taking the average expansion in the first three quarters of this year to +4.6% y/y.
Trade Wars: May the Trade Force be with you in 2020 and beyond
A superficial “mini-deal” between the U.S. and China, a slowdown in trade in services and a busy political year in 2020 leave no hope for sizable improvement in global trade growth.
Philippines: Growth regained momentum in Q3
Real GDP growth regained momentum and accelerated to +6.2% y/y in Q3 from +5.5% in Q2.
China: Policies aiming to lift spirits
Leading indicators suggest that the Chinese economy continued to be under pressure in October.
APAC: October PMIs reflect continued weakness in manufacturing
Most manufacturing PMIs in Asia declined in October. This reflects continued weakness across Asian manufacturing sectors, on the back of the ongoing global slowdown and trade tensions.