Asia's slowdown bottoming out but more stimulus needed: Analysts

A garment factory in Jiangsu province. While most analysts believe the worst may be over for China's economy, last month's disappointing factory data - which followed surprisingly upbeat March figures - suggested it is still struggling for traction.
A garment factory in Jiangsu province. While most analysts believe the worst may be over for China's economy, last month's disappointing factory data - which followed surprisingly upbeat March figures - suggested it is still struggling for traction. PHOTO: EPA-EFE

Global demand still muted; China's stimulus measures kicking in more slowly than thought

HONG KONG • Factory activity recovered last month in parts of Asia, but still appeared to be on shaky ground as global demand remained subdued and China's stimulus measures have yet to show their full pulling power.

That left the outlook for the region's central banks skewed towards easing, with Malaysia and New Zealand prime suspects for potential rate cuts, and Australia - whose monetary policymakers also meet next week - facing growing calls to ease.

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A version of this article appeared in the print edition of The Straits Times on May 03, 2019, with the headline 'Asia's slowdown bottoming out but more stimulus needed: Analysts'. Print Edition | Subscribe