"South Korea’s exports tumbled by a record 32.8 percent in January, foreshadowing a deepening slump in Asia’s export-driven economies.
Shipments fell by the most since figures were first compiled in 1957, and at almost twice the pace of December’s 17.9 percent decline, the Ministry of Knowledge Economy said in Gwacheon today."
My Comments: When the U.S. consumer experiences a sudden stop. Asia falters. India is relatively insulated, but the sheer magnitude of the global demand shock implies that the Reserve Bank of India will ease again. Eventually.
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