JOHANNESBURG/BENGALURU/BUENOS AIRES Hobbled emerging market currencies will struggle over the next three months against the stronger dollar as tensions between the United States and China over the coronavirus pandemic mount, a Reuters poll of FX strategists showed.
BENGALURU India's services activity suffered a shock collapse in April as the coronavirus lockdown crippled global demand, causing a historic spike in layoffs and reinforcing fears of a deep recession in Asia's third-largest economy, a private survey showed.
BENGALURU, May 6 India's services activity
suffered a shock collapse in April as the coronavirus lockdown
crippled global demand, causing a historic spike in layoffs and
reinforcing fears of a deep recession in Asia's third-largest
economy, a private survey showed.
BENGALURU The Chinese economy will slowly recover from its first quarterly contraction since current records began, economists predicted in a Reuters poll, but they warned of a likely recession if conditions worsen again from the global coronavirus pandemic.
BENGALURU India's dominant services sector, the lifeblood for economic growth and jobs, contracted in March as new business and export demand fell sharply as the coronavirus pandemic wreaked havoc globally, a private survey showed.
rand poll data
BENGALURU Yields on sovereign bonds across most major Asian economies will fall further over the coming year, after already being yanked down following emergency interest rate cuts by central banks to counter the coronavirus hit, a Reuters poll forecast.
JOHANNESBURG/BENGALURU Fears that the coronavirus may trigger a global downturn will hit emerging market currencies harder than developed markets in the near term as the disease spreads more rapidly outside China, a Reuters poll found.
The effects of the coronavirus outbreak are likely to reverberate beyond China as most major economies in the region are expected to either slow down significantly, halt or shrink outright in the current quarter, Reuters polls found.
The coronavirus-hit Chinese economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists who said the downturn will be short-lived if the outbreak is contained. | Video