A turning point for Asian exports?
The outlook for Asian exports in 2020 is bright.
The period of contraction in exports seen throughout Asia in 2019 is expected to end in the first half of the calendar year, with a return to a modestly positive performance – which should eventually lead to a similarly modest recovery in the region's growth.
The year 2019 was a very challenging one, with trade tensions between the US and China coming on top of a downturn in the global semiconductor cycle, which combined to force a sharp slowdown across the board.
In 2020 the cloud looks to be clearing. A preliminary deal between the US and China is a strong step in removing a headwind that had hampered global trade for quite some time. I think that will clear the way for a recovery in Asian exports.