GLOBAL & REGIONAL MONTHLY (Wednesday, 5 February 2020)

GLOBAL & REGIONAL MONTHLY (Wednesday, 5 February 2020)

GLOBAL & REGIONAL MONTHLY (February 2020)

HIGHLIGHTS

Market focus has turned to the rapid spread of the novel coronavirus (nCoV), with investors increasingly concerned about its potential impact on the Chinese and the world economy, especially in a fragile global economic environment where recovery in global manufacturing and trade looks rather premature. We expect a modest acceleration in economic growth in 2020 to 3.1% from an estimated 2.9% in 2019, with the balance of risks remaining skewed to the downside mainly due to China’s coronavirus outbreak and ongoing US/China trade talks.

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