Available statistics and survey indicators continue to signal further weakness in activity, which is expected to extend into this year, reflecting the adverse impact on domestic expenditure of weak consumer and investor sentiment and subdued foreign demand. However, more recently several conjunctural indicators have broadly stabilised, albeit at low levels, and financial market confidence has improved significantly.
Retrieved from Reuters: https://www.reuters.com/article/us-global-oil/oilprices-rise-ahead-of-trade-deal-likely-stock-draw-idUSKBN1ZD047 Dixit, A, & Pindyck, R. (1994). Investment under Uncertainty. Princeton University Press. Fan, E. X., (2003). SARS Economic Impacts and Implications. Asian Development Bank Policy Brief No. 15. Hawkesby, C. (2019, August 21). Inflation Dynamics: Upside Down Down Under? Panel remarks delivered to Bank for International Settlements forum at the Bangko Sentral ng Pilipinas.