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Phase one trade deal could spur growth, benefit Asian financial markets in 2020, Credit Suisse says

A “phase one” trade deal between the US and China could spark a growth recovery in Asia in early 2020, easing a drag that has weighed on industrial production for much of this year, according to John Woods, Credit Suisse’s chief investment officer for Asia-Pacific.Woods said the bank expects “moderate” global economic growth next year at a 2.5 per cent pace and financial markets are likely to benefit as industrial production recovers.“I think a number of the drags on economic growth that we…

Source: South China Morning Post