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Asia forms the world’s largest trading block, centred on China

Weekly investor research

16 November 2020



China and South Korea signed the Regional Comprehensive Economic Partnership (RCEP) free trade agreement with 13 other Asian countries. India announced further targeted fiscal stimulus aimed at export-oriented sectors. Argentina unveiled fiscal tightening measures that bring an IMF deal closer. Armenia signed a cease fire agreement with Azerbaijan in Nagorno-Karabakh. The Peruvian parliament impeached President Martin Vizcarra. Turkey appointed a new finance minister. An arrest warrant for corruption was issued to ANC Secretary General Ace Magashule in South Africa. The Mexican central bank kept interest rates unchanged. Brazil’s finance minister said further fiscal transfers will be needed in case of a second wave of coronavirus.

 

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