Last quote by Frederic Neumann
Frederic Neumann quotes
It's not simply weak demand that's weighing on Asian trade, but structural, and thus far more persistent, factors. A recovery in the West, therefore, may not lift exports by as much as in previous decades. The relationship has changed.
Concerns over financial stability in the energy sector and a further fall in drilling capex are headwinds to growth against an already fragile global economic backdrop.
Given the volatility we've seen in the oil price, even intraday, swings of 3 to 4 percent, if you are going to see a rebound, this is the kind of rebound you'd expect.
Growth keeps slowing ... Lower commodity prices, including oil, partly reflect weakening demand itself. In addition, the downturn in mining capex and the declining income of commodity producers is weighing on exports from Asia.