↧
And now economic stagnation hits the other Asian behemoth, India
After 3 long days, electricity was finally restored to India late last week, a sad symbol of the state of its crumbling economy. An area consisting of around 670 million people, half of India and...
View ArticleThe Asian tigers are roaring no more
In Korea, Q3 GDP growth slowed to 1.6% y/y from 2.3% in Q2, as corporate spending plunged on gloomy exports. It was the slowest growth since Q3 2009 despite USD12bn of stimulus and 2 cuts in interest...
View ArticleSlowdown in Asia?
Electricity demand in Japan for February fell 3.8% on the year to 76.1 billion kilowatt-hours, marking the second straight month of decline, according to preliminary data from the nation’s 10 electric...
View Article