Plans in Taiwan’s 2027 budget for a sharp rise in defence spending may face some pushback from parliament, but proposals for an even larger rise in social welfare spending and a fresh round of cash handouts should temper the opposition’s willingness to hold up the budget again and provide some further support to domestic demand in the coming quarters. Meanwhile, figures released this week showed that Thailand’s economy contracted in Q2 which, alongside subdued inflation pressures, will prompt the central bank to leave interest rates on hold next week.
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