(May 29): Signs of weakness in global economies and trading patterns have become more pronounced in April, with real merchandise exports in the Asian region dipping 5.5% in USD terms. 

While this is a more modest decline from the 7.5% fall recorded in 1Q20 ended March, Oxford Economics’ lead economist Sian Fenner says this is temporary. 

“We think this will be temporary, as the boost was due to exporters ramping up shipments to make up for the shortfalls caused by supply disruptions in Q1,” she points out in a May 29 note.

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