In infections or deaths could mean the tokyo economy could go in reverse. There is cautious optimism in europe. Spain and italy reported a decline in infection rates as people are told to stayathome over the easter break. Haidi we are getting breaking news out of south korea. The latest reading of the impact of the ongoing coronavirus pandemic having on this explosive economy. Of threetting a plunge point 8 when it comes to Industrial Production. That is actually better than the survey. We were expecting a contraction to the tune of four point 5 but 3. 8 percent contraction, worse than a contraction we saw in the month of january. When it comes to the year on year number, 11. 4 gained. A lot better than the 3. 4 that was surveyed and bouncing back well and truly from a contraction of 2. 4 percent. Seasonality issues will also be at play but we are expecting to it continued disruption when comes to supply chains, manufacturing, and overall industrial productivity and activity in korea a
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