Australia & New Zealand Economics Update RBNZ signals tightening cycle is at an end The decision by the Reserve Bank of New Zealand to lift its official cash rate by 25bp, to 5.50%, was in line with what most had anticipated. However, with the Bank sounding more dovish than it has in... 24th May 2023 · 3 mins read
India Economics Update Which states could benefit from “friend-shoring”? In a fracturing global economy, India stands out as a prime location for the “friend-shoring” of manufacturing supply chains out of China. The manufacturing powerhouses of Gujarat and Tamil Nadu are... 23rd May 2023 · 3 mins read
Australia & New Zealand Economics Focus Neutral interest rate may rise to 1% by 2050 As in other advanced economies, Australia’s neutral rate of interest rate will probably edge up a bit over the coming decades. That will result in higher borrowing costs, but Australia’s low public... 23rd May 2023 · 13 mins read
Japan Data Response Japan Flash PMIs (May 2023) May’s flash PMI readings were the strongest they’d been in a while and point to gains in both industrial production and services spending, supporting our assessment that the economy continued to grow... 23rd May 2023 · 2 mins read
India Chart Pack Policymakers can breathe easier on inflation The past month has brought some encouraging news on the inflation front. Consumer price inflation dropped sharply in April to an 18-month low, keeping the headline rate comfortably within the RBI’s 2... 22nd May 2023 · 8 mins read
Japan Economics Update Services inflation set to fall as input cost pressures ease Most of the recent acceleration in services inflation reflects pass-through of higher goods prices. While firms have become more willing to pass on higher input costs, we still think that sluggish... 22nd May 2023 · 3 mins read
Japan Data Response Japan Machinery Orders (Mar. 2023) We already know that business investment rose despite a plunge in capital goods shipments last quarter. As such, we wouldn’t read too much into the fall in machinery orders in March. The bigger... 22nd May 2023 · 2 mins read
Asia Economics Weekly Vietnam friend-shoring boost, Thai election muddle Decoupling between China and the US is presenting opportunities for countries that are able to adapt their economies to shifting global supply chains. So far, the main beneficiary of these shifts has... 19th May 2023 · 9 mins read
China Economics Weekly Monetary easing back on the cards In its latest policy report, the PBOC argued that the recovery has exceeded expectations and that the recent drop in inflation isn’t a major concern. Nonetheless, it still struck a dovish tone... 19th May 2023 · 5 mins read
India Economics Weekly Karnataka election, trade data, banking risks The loss for PM Modi’s BJP in the state election in Karnataka may persuade the ruling national party to slow the pace of labour reforms and other politically contentious measures elsewhere as next... 19th May 2023 · 3 mins read
Australia & New Zealand Economics Weekly Australia’s productivity problem persists The latest data suggest that Australia’s productivity will continue to languish in the near term. The resulting surge in unit labour cost growth will keep services inflation stubbornly high... 19th May 2023 · 6 mins read
Japan Economics Weekly Recession and higher prices to sink spending in H2 Stubborn price pressures and a recession in the second half mean real disposable incomes are set to continue shrinking through year-end. With the savings rate now barely higher than it was pre... 19th May 2023 · 5 mins read
