Thursday, November 21, 2024
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Asia Q3 GPD growth ahead of West

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While the U.S. and Europe struggle with containment of the Coronavirus, major Asian economies that took to complete lockdowns early in the year are now on a rebound. Following on the news of China’s positive economic growth for Q3, Japan has just announced a 5% expansion of its economy, pulling it out of its recession. While Asia alone cannot lift the global economy, its recent regional free trade agreement (representing 30% of global trade) and more are positioning the region to weather the storm. More here: https://www.cnn.com/2020/11/16/economy/asian-economies-japan-china-intl-hnk/index.html

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