China’s V-shape recovery is holding firm, with July exports posting a strong rebound even as trade uncertainties are likely to persist on worsening U.S.–China geopolitical tensions, according to Nuveen Real Estate in its report Perspectives in today’s real estate market.
Hong Kong’s sharp 9 percent real GDP growth contraction in the second quarter, on top of a similar drop in the first quarter, mirrors the trend seen elsewhere across Asia Pacific. A recovery is expected in the third quarter, but tighter physical distancing measures in August from renewed infections will likely curtail the pace of improvement.
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