Stability is key for Asia as investors look for certainty
At the beginning of 2020, the economic outlook for the Asia-Pacific region was relatively promising. There were lingering fears regarding the outcome of the US-China trade war, but global trade and industrial output looked to have bottomed out in late 2019, offering hope of a recovery in 2020. All eyes were on China, the largest economy in Asia – if China performs well, the positive spill-over would boost economic growth, trade and welfare in the Asia-Pacific region as a whole.