Moody’s – Coronavirus, trade troubles and more in Asia

Is another recession on the horizon?
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In a research note issued Feb. 19, Moody’s Investors Service concludes that the weight of things like trade wars (such as China-US), long-term downshifts in growth momentum overall, and more, put it at economic impact risk with the coronavirus to expose much deeper concerns.

Singapore, February 19, 2020 — 

  • Several long-term trends are pressuring Asia’s growth, with negative implications on credit quality
  • Weaker growth prospects could limit the region’s policy choices and ability to respond to negative shocks

Moody’s Investors Service says in a new report that credit conditions in Asia will turn negative in 2020, in tandem with a slowdown in growth momentum, continued trade policy uncertainty and simmering political disputes.

“The outbreak of the coronavirus has added a further dent to growth prospects at a time when economic growth trajectories throughout the region were already declining,” says Deborah Tan, a Moody’s Assistant Vice President and Analyst […]

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