Q2 real GDP growth remained stable at +0.5% q/q. However, in y/y terms it fell to +1.4%, the slowest rate since Q3 2009, from +1.7% y/y in Q1 2019 and +2.7% in 2018 as a whole
India: Unexpectedly sharp slowdown
Real GDP growth dropped to a six-year low of +5% y/y in Q2 (April-June 2019), weighed down by a slump in manufacturing (+0.2%) and modest expansion in manufacturing (+2%).
Hong Kong: A trade hub feeling the pain of trade tensions
The economy expanded by just +0.6% y/y in Q1 and +0.5% in Q2 2019, a marked deceleration from growth of +3% in 2018 as a whole.
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.