Fitch: Emerging Asia Exports Weaken, Trailing Other Regions
Global trade growth has been weak since 2009. Part of the explanation likely lies in the flattening of the US trade deficit since 2013 - previous US recoveries saw the deficit carry on rising. This is related to the shale oil revolution and to a shift in US savings behaviour.
The October edition of "Asia-Pacific Sovereigns Chart of the Month" is available at www.fitchratings.com or by clicking on the link in this media release.