Perhaps an ugly bellwether for the global economy, Asia's aggregate exports turned lower Y/Y in July for the first time since the financial crisis, says Nomura's Rob Subbaraman. Yes, Europe has fallen off a cliff, but the data leave little doubt the slowdown is becoming more synchronized. August numbers from Korea suggest the trend grew in strength last month.
Perhaps an ugly bellwether for the global economy, Asia's aggregate exports turned lower Y/Y in...
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