It sure looks like Asia is in recession

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We won’t have the data for weeks but this kind of stuff speaks for itself:

Singapore Airlines Ltd said on Tuesday it will temporarily cut flights across its global network in March, April and May due to weaker demand as a result of the coronavirus epidemic.

Destinations that are among those with services reduced include Los Angeles, Frankfurt, Paris, Tokyo, Seoul, Jakarta, Sydney and Mumbai, the airline said on its website.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.