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Indicator Spotlight

Asia’s Trade Recovery Stalls Outside Tech

by Felix-Antoine Vezina-Poirier, Chief Strategist  

June Taiwanese export orders surprised to the upside, but weakness in non-tech trade and in broader East Asian exports underscores the narrowness of the global recovery. Orders rose 24.6% y/y, accelerating from 18.5% in May, though m/m US-bound orders fell…

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