The outlook in Asia for exports, one of the key swing factors for the region’s broader economy, remains uncertain, economists say.
Asia’s export engine took a hit in the wake of the 2008 financial crisis, which hurt economic growth and demand from key markets the U.S. and Europe. The recovery from that period remains slow, according to analysts.
“The overall export trend has been subdued since the financial crisis,” said Derrick Kam, from Morgan Stanley’s Asia-ex Japan economics team. “First quarter export growth in Asia was particularly weak, down 1.8 percent year-on-year compared with a 6.1 percent rise in the fourth quarter of 2013 and a 4.1 percent gain in the third quarter,” he added.
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