Asian Exports Are Slowing

Though Asian exports clocked strong growth so far this year, Credit Suisse analysts believe the best of the export growth recovery is already behind us and Asia’s export growth will moderate from a mid-teens rate to the mid-single digits for the rest of the year. Santitarn Sathirathai and Michael Wan said in their May 11 research note titled “Asian exports: From great to good” that they believe the Chinese domestic demand growth boost is over.   Chinese domestic demand boosted Asian exports Tracing the surprisingly strong Asian export growth this year, Sathirathai and Wan note that Asia ex-China exports clocked the highest…