Asia Rapid Response Indonesia GDP (Q3 2023) Figures released today suggest that economic growth remained broadly stable last quarter, but we don’t have much faith in the official data. Our own in-house activity tracker shows that the economy is... 6th November 2023 · 4 mins read
India Economics Weekly Rise in unemployment rate not a big macro concern At face value, a sharp rise in unemployment last month suggests that the Indian economy is rapidly losing momentum. But on closer inspection, the increase was entirely caused by rising joblessness in... 3rd November 2023 · 3 mins read
China Economics Weekly The renminbi’s rise in China’s global transactions For the first time, over half of China’s global transactions are being settled in renminbi. Most of this renminbi isn’t travelling far – the bulk of settlement is being driven by financial flows with... 3rd November 2023 · 7 mins read
Asia Economics Weekly Korea inflation concerns, rates to stay high in Pakistan Headline inflation in Korea rose again last month, but with the core rate dropping back and central bank officials becoming increasingly concerned about the outlook for growth, we expect the BoK to... 3rd November 2023 · 7 mins read
Japan Economics Weekly Tighter fiscal policy will weigh on activity next year Even though the Bank of Japan de facto ended Yield Curve Control this week, the yen slid to a fresh one-year low against the dollar. And while it has gained some lost ground since then as US Treasury... 3rd November 2023 · 5 mins read
Australia & New Zealand Economics Weekly Recession still likely in Australia Timely data suggest that both goods and services consumption gained traction last quarter. Therefore, even with a huge drag on growth from net trade, it increasingly appears that the economy managed... 3rd November 2023 · 5 mins read
Global Markets Update BoJ normalisation points to higher JGB yields & stronger yen We think the Bank of Japan’s continued steps towards policy normalisation are consistent with somewhat higher JGB yields and a significant rebound in the yen over the coming quarters. In view of the... 2nd November 2023 · 4 mins read
Asia Rapid Response Malaysia Monetary Policy Decision (November) Despite the sharp downward pressure on the ringgit, Malaysia’s central bank (BNM) left policy rates unchanged (at 3.0%) today. We expect the central bank to keep the policy rate on hold for the rest... 2nd November 2023 · 4 mins read
Australia & New Zealand Rapid Response Australia International Trade (Sep. 23) 2nd November 2023 · 2 mins read
China Economics Update Five takeaways from the Financial Work Conference China’s leadership has outlined its wish list for financial sector development. It wants stricter oversight of financial institutions to ensure they serve the interests of the Party and country. This... 1st November 2023 · 5 mins read
India Rapid Response Manufacturing PMI (Oct.) The manufacturing PMI survey for October suggests that activity lost some momentum at the start in Q4. We think that the sector will continue to slow over the coming months as the impact of higher... 1st November 2023 · 2 mins read
Japan Economics Focus Faster wage growth should give BoJ confidence to tighten With wage growth set to strengthen further over the coming year, we think the Bank of Japan will soon have sufficient confidence in the sustainability of higher inflation to end negative interest... 1st November 2023 · 13 mins read
Asia Economics Update Manufacturing PMIs & Korean trade The October PMIs for Emerging Asia generally dropped back further inside contractionary territory. The outlook for manufacturing in the region remains bleak in the near term as elevated inventory... 1st November 2023 · 2 mins read
Australia & New Zealand Data Response CoreLogic House Prices (Oct.) With house prices now at a record high and affordability constraints becoming increasingly binding, Australia’s housing rebound will soon run out of steam. 1st November 2023 · 2 mins read
Australia & New Zealand Rapid Response New Zealand Labour Market (Q3 2023) With the balance of demand and supply in the labour market showing further improvement, we’re more convinced than ever that the Reserve Bank of New Zealand won’t lift rates any higher. 31st October 2023 · 2 mins read
