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Early Korean export data suggest that global trade is still slowing, particularly if energy is excluded.
China’s Omicron lockdown and reopening distorted the data, but the underlying trend is clear, and grim.
Chinese easing efforts still look inadequate, but the central government is finally stepping in.
developers, energy, export data, exporters, exports, government, korean exports, labour, loans, May, mlf, MLF rate, mortgage, rate cuts, real estate, rmb, trade, trade data, unemployment, youth unemployment, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence