All eyes will be on China's trade data, which is expected to show exports tumbling 14 per cent in March from a year ago, as the coronavirus shutters businesses around the world, crippling demand and economic growth. — Reuters pic
All eyes will be on China's trade data, to be released today, which is expected to show exports tumbling 14 per cent in March from a year ago, as the coronavirus shutters businesses around the world, crippling demand and economic growth. “Short of the unlikely near-term event of a vaccine or significant herd immunity, restarting economies...may be challenging,” the analysts wrote.
Many analysts already expect China's economy, the world's second-largest, to have contracted sharply in the March quarter for the first time since at least 1992. China reports its first-quarter gross domestic product data on April 17.