South Korea: Economic policy at play>
Trade tensions are affecting Asian trade hubs but Korea avoided a recession with +1.1% q/q growth in 19Q2, after -0.4% in 19Q1.
Asia: Another trade fight to worry about
Recent trade tension developments between South Korea and Japan (regarding export restrictions of key components) add to the already tense world trade environment and could be detrimental to Asian trade hub economies.
Singapore: The canary in the coal mine
GDP growth was negative in 19Q2 for the first time since 15Q1 and with a magnitude not seen since 2012.
Vietnam: Beneficiary from U.S.-China trade war?
Initial estimates put Q2 real GDP growth at +6.7% y/y, slightly down from +6.8% in Q1.
Malaysia: Growth slows gradually but remains robust overall
Real GDP growth eased to +4.5% y/y in Q1 from +4.7% in Q4 2018. The slowdown was mainly due to a -3.5% drop in fixed investment in Q1, after an already tepid increase of +0.6% in Q4.