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Government has fallen and we have a possible new coalition on the table. He will talk about a german bond auction. David we have a 30 year and they will test the market today. On top of australian markets, they sold 800 million worth of debt. Average yield below 1 . It seems the bond markets are pricing in more easing and the world gets worse from here. Our guest is with us out of singapore, head of asianpacific economics. Our things likely to get worse before they get better . Well, it is certainly a very challenging outlook. Exports in have seen the economies are feeling the impact of the collapse of trade volumes and it is not only about trade. We have seen persistent uncertainty has put spending assistance by consumers and businesses on hold. Producte, we are seeing face weakening in economic momentum. Broadbased weakening in economic momentum. A good part of asia is in a downturn and how long and how deep that down for downturn will be depends on policy maker actions in terms of f

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