The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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DinoNavarre

To: DinoNavarre who wrote (4359)	2/17/2020 3:52:56 AM
From: elmatador	1 Recommendation of 13796

Asia interconnected economies will take the biggest hit in the wake Covid-19. Look at it like this: The Asian economies were already in for a weak 2020. Hong Kong was already mess, China was struggling with their 6% any way or another and then, Covid-19 hit adding to the Asian economies' troubles. Singapore cuts 2020 GDP forecast range to -0.5% to 1.5% due to COVID-19 outbreak channelnewsasia.com Thailand's Economic Outlook Goes From Bad to Worse worldview.stratfor.com Indonesia sees gloomy outlook on economy as growth falls below 5% thejakartapost.com Malaysia GDP growth slows to 4.3%, lowest in 10 years asia.nikkei.com The Philippines is looking good so far. Less dependend on Chinese tourism and was going strong last year. Vietnam still thinks it can grow strong (6.8%) but we will see how it will come out of Covid-19 India, which until recently was the fastest growing major economy, is expected to post a 5.8 percent GDP gain this year and 6.5 percent in 2021, due to “stress in the nonbank financial sector and weak rural income growth.”

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