Economic recovery to gather pace in H2-2020; stay negative on India: Nomura

While collectively, emerging market economies have entered their deepest recession in at least 60 years, Asia - particularly China and Northeast Asia - stand out as the best, Nomura says

With most countries in an unlock mode after the stringent lockdown triggered by the Covid-19 pandemic over the past few months, Nomura expects an uptick in economic growth rates as measured by the gross domestic product (GDP) for most Asian countries in the second half of calendar year 2020 (H2-2020) as compared to the second quarter lows, but cautions that the pace of recovery will vary across regions.

While collectively, emerging market (EM) economies have entered their deepest recession in at least 60 years, Asia – particularly China and Northeast Asia – stand out as the best in a bad