India Economic Outlook

Economy in good shape as Modi 3.0 begins

Prime Minister Modi begins his third term with a weakened mandate, but an economy that is primed to grow by 6.5-7% per year between 2024 and 2026. That would put India on course to become the world’s...

20th June 2024 · 16 mins read

Climate Economics Update

EMs are a growing market for Chinese green exports

The continued divergence between export values and export volumes of the “New Three” underlines the downward pressure on prices from the rapid expansion in manufacturing capacity in China. Meanwhile...

20th June 2024 · 2 mins read

Asia Rapid Response

Indonesia Policy Rate (June 2024)

Bank Indonesia today left interest rates unchanged (at 6.25%), but hinted at possible rate cuts later in the year, provided that the rupiah stabilises against the US dollar. The central bank’s dovish...

20th June 2024 · 2 mins read

Australia & New Zealand Rapid Response

New Zealand GDP (Q1 2024)

The modest rebound in GDP last quarter doesn’t change the bigger picture that the New Zealand economy is worse for wear. In fact, timely survey data suggest that things may well get worse before they...

20th June 2024 · 3 mins read

Japan Rapid Response

Japan External Trade (May 2024)

Trade volumes were little changed in May which suggests that net trade provided a small drag on GDP growth this quarter.

19th June 2024 · 1 min read

Capital Daily

Depth of rate cuts matters more for markets than timing

Although the Reserve Bank of Australia – which left policy on hold today – looks set to be the last developed market central bank to join the easing cycle now underway among developed economies, we...

18th June 2024 · 4 mins read

China Economics Focus

What to expect at the Third Plenum

The Third Plenum may conclude with a pledge of comprehensive reform in areas spanning the private sector, manufacturing, innovation, social security, economic management and more. That may excite hope...

18th June 2024 · 13 mins read

Japan Chart Pack

Japan Chart Pack (Jun. 2024)

Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. While the economy has only narrowly avoided a recession, activity should rebound over coming...

18th June 2024 · 1 min read

Australia & New Zealand Economics Update

RBA will only cut rates next year

The RBA discussed another rate hike at today’s meeting and an upside surprise to Q2 inflation could force its hand at its August meeting. However, with capacity constraints easing and government...

18th June 2024 · 3 mins read

Asia Economics Focus

Korea: growth to slow, inflation to fall, rates to be cut

Korea’s economy rebounded strongly last quarter but there are already signs it is losing momentum, and we expect growth to struggle over the coming year. Export growth is likely to ease a little, but...

18th June 2024 · 10 mins read

Australia & New Zealand Rapid Response

Reserve Bank of Australia Meeting (June 2024)

18th June 2024 · 2 mins read

China Rapid Response

China Activity & Spending (May 2024)

May’s activity data were a mixed bag with an uptick in retail sales and slowdown in industrial production partially reversing the recent trend of strength on the supply side and weaker demand.

17th June 2024 · 2 mins read

China Rapid Response

Bank Lending & Broad Credit (May)

Bank loan growth in China was the slowest on record in May, but accelerated government bond issuance helped broader credit growth edge up. Fiscal loosening should support further gains in the near...

14th June 2024 · 2 mins read

Asia Economics Weekly

Malaysia subsidy cuts, BoK minutes, Pakistan budget

Headline inflation in Malaysia has been among the lowest in Asia but that is soon set to change now that the government is pushing ahead with long-planned subsidy cuts aimed at improving the public...

14th June 2024 · 6 mins read

China Economics Weekly

Europe leaves the road open for China’s EV-makers

China protested the European Commission’s imposition of additional tariffs on Chinese-made electric vehicles this week but, if the EU goes no further, China’s government is likely to see this as a...

14th June 2024 · 6 mins read