Brace for Worsening Slowdown Across Asia: Nomura
July 09, 2012 at 03:19 AM EDT
Most Asian economies from Indonesia to India will deteriorate in the second half of the year because demand from both domestic and foreign buyers will weaken, according to Nomura. The exception is China, where monetary easing and fiscal policies are already starting to take effect and will help its economy rebound in the third quarter.