It seems that economic conditions in Asian have gone from bad to worse. The latest numbers out of Taiwan confirm that the country has slipped into a recession. Perhaps much more disturbing for the global economy, China’s November PMI came in lower than market expectations, indicating that weakness in China’s industrial market is worse than many had feared.

Taiwan’s Export Problem

Taiwan’s 0.3 percent economic contraction in the most recent quarter followed a 1.1 percent contraction in the previous quarter. About 60 percent of the country’s economy is comprises of exports, which have been on the decline ever since April.

The country’s budget office projects that Taiwan’s economy will get back on the right track in 2016, growing 2.3 percent.

China’s Manufacturing Problem

Chinas NBS manufacturing number fell…

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