HONG KONG - Asia will be hit twice in 2020 by both domestic and external demand shocks, according to the global financial group, Natixis, which says its "rather benign" scenario in terms of growth rebound in 2021 is subject to three key risks. The risks, it says, are:
* A protracted global recession in 2021 as stimulus measures fail, or a new wave for the pandemic;
* Rapid de-globalisation of trade and investment and, possibly an extension of barriers to the cross-border movement of people; and
* A spike in financial risk leading to a domino effect in defaults in the corporate and/or sovereign space.