The markets of Asia that allowed the EU to drive an export-led economic recovery following the 2008 crisis are now faced with a recession.

The US-China trade war is taking its toll on Hong Kong, China, Japan, India, Singapore, and South Korea, all of which are looking at deteriorating economic conditions.

China’s GDP slowed to 6% in the second quarter – the lowest since 1990 – despite a double-digit currency devaluation over the last year (12%), a deficit-driven investment programme, and a...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now