It notes that nominal export growth fell 3.8% y-o-y in the first two months of the year, which was primarily driven by a sharp fall in North Asian exports.
SINGAPORE (Mar 29): A weakening trend in Chinese import demand and slower global trade will continue to weigh heavily on exports across Asia, according to Oxford Economics.
“We expect exports to remain under pressure this year from weak Chinese demand and slower global trade, as well as the slowdown in the ICT (information and communications technology) cycle,” the group says in a report on Friday.
