US GDP falls for the first time since 2022. US stocks slide 0.5% and oil prices fall 3.4%. Lower core inflation in Australia lends support to the RBA cutting in May, New Zealand business confidence slumps on the tariff shock, and the Bank of Thailand cuts.

In our bonus Deep Dive interview ANZ Economist Dhiraj Nim analyses foreign direct investment flows in Asia, with some interesting findings on outward investment flows.

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