“Most Asian governments have fairly big room for fiscal stimulus efforts, but are concerned about overdoing it,” says Ng Kheng-Siang, SSGA’s Asia Pacific head of Fixed Income. “So unless there are additional fiscal stimuli introduced, regional economic growth is expected to soften progressively.”
SINGAPORE (July 4): Asia’s economic growth is expected to continue to weaken against a backdrop of unresolved trade tensions, according to asset manager State Street Global Advisors (SSGA), the investment management arm of State Street Corporation.
In a mid-year outlook briefing on Thursday, SSGA says the continued decline will likely be on the back of slowing exports and soft domestic demand.
