GLOBAL ECONOMY Asia’s factory activity grows but Ukraine crisis clouds outlook
Employees wearing face masks work at a factory of the component maker SMC during a government organised tour of its facility following the outbreak of the coronavirus disease (COVID-19), in Beijing, China May 13, 2020. REUTERS/Thomas Peter
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- China’s factory activity returns to growth in February
- RBA’s Lowe describes Ukraine a ‘major new source of uncertainty’
- Japan’s factory activity growth slows to 5-month low
- Ukraine crisis may hurt Asia via oil spike, supply disruptions
TOKYO, March 1 (Reuters) – Asia’s factories sustained a brisk recovery in February amid signs the coronavirus was having less of an impact of business, but the Ukraine crisis has rapidly emerged as a fresh risk that could disrupt supply chains and worsen cost pressures.
Strong international sanctions against Russia in response to its invasion of Ukraine have jolted markets and boosted oil prices, adding to…
