A lot of commentary has blamed the slowdown in Asian GDP growth in the third quarter on the trade war between the US and China. We think these claims are misguided. The most obvious explanation for the downturn in Asian growth last quarter is a slowdown in global growth, which has hit demand for the region’s exports.
Meanwhile, although we expect Pakistan and the IMF to eventually agree on the terms of a bailout, the announcement earlier this week that talks have broken down and won’t reopen until January suggests that the negotiations are likely to prove long and difficult.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services