As some of the worst-hit countries including Spain, Italy and France take heart from slowing death and infection rates, they are gradually allowing businesses to open up and try to get back to some semblance of normality.
Seoul eased 0.7 per cent and Manila was off 0.3 percent, though there were gains in Wellington and Bangkok."Indications abound that increased mobility will lead to re-occurrences of the virus, which will change the slope of the recovery," said AxiCorp's Stephen Innes, noting that news reports had generally emphasised the negative elements of reopening.
And, while there are forecasts that growth will bounce back, there is discussion over how quickly that will happen.
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