Asia Chart Pack Asia Chart Pack (March 2025) Our Asia Chart Pack has been updated with the latest data and our analysis of recent developments. With GDP growth set to struggle and inflation to remain low, central banks are likely to continue to... 27th March 2025 · 1 min read
China Economic Outlook China Outlook: Export slowdown looms as domestic drags persist Increased US tariffs will exacerbate a broader slowdown in exports. China’s economy will also face continued drags from the property downturn and wider deflationary dynamics. A sizeable fiscal... 26th March 2025 · 16 mins read
Capital Daily Has China’s tech rally run out of steam? We think China’s tech stocks could rally a bit further yet, and perhaps outperform those globally for a while. 26th March 2025 · 4 mins read
RBA Watch RBA’s easing cycle will be shallow The Reserve Bank of Australia will leave policy settings unchanged at its upcoming meeting that ends on 1 st April and will probably still sound hawkish. However, with inflation set to soften a touch... 26th March 2025 · 7 mins read
Australia & New Zealand Rapid Response Australia Monthly CPI Indicator (Feb. 25) 26th March 2025 · 2 mins read
Asia Economic Outlook Asia Outlook: Rate cuts and trade uncertainty We expect economic growth across the region to remain subdued, with most economies set to record below-trend and below-consensus growth this year. While lower interest rates will provide some support... 25th March 2025 · 28 mins read
Australia & New Zealand Economics Update RBA will look past pre-election budget sweeteners As expected, Australian Treasurer Jim Chalmers unveiled a slew of new spending measures in today’s pre-election Budget. However, we don’t believe the scope of fiscal expansion is large enough to keep... 25th March 2025 · 4 mins read
Emerging Markets Economics Update What impact will the bout of EM protests have? The protests that have swept several EMs in recent weeks are likely to have a longer-lasting economic impact in countries with weak balance sheets and/or where they lead to a major shift in policy. It... 25th March 2025 · 5 mins read
Australia & New Zealand Economic Outlook ANZ Outlook: RBA will cut less aggressively than RBNZ Both Antipodean economies seem to have turned a corner at the end of last year, and we expect the recoveries to gather momentum in the coming quarters. Given the tight labour market and elevated... 25th March 2025 · 20 mins read
China Activity Monitor CAP: Weak start to the year for China’s economy Our China Activity Proxy suggests that China’s economy slowed over January and February, driven by a sharp slowdown in services sector growth. Fiscal expenditure is set to pick up over the coming... 24th March 2025 · 1 min read
Commodities Outlook Tariff uncertainty overshadows fundamental weakness While tariffs and geopolitics complicate the near-term outlook for many commodities, the backdrop generally remains one of weak fundamentals; our end-2026 price forecasts for energy and industrial... 24th March 2025 · 23 mins read
Asia Economics Update Korea’s poor demographics are not destiny just yet While Korea’s productivity growth has slowed, this has been offset by faster employment growth as more women and elderly have entered the labour market. If that trend continues and productivity growth... 24th March 2025 · 3 mins read
China Economics Weekly China Weekly: China’s 10-year yields to fall below Japan’s We expect Chinese 10-year government bond yields to fall below 10-year Japanese government bond yields this year, for the first time since Chinese bond prices became market determined. While this... 21st March 2025 · 4 mins read
Climate Economics Update Tariff-front running boost to China green exports fades China’s exports of the “New Three” technologies fell in early 2025 as the boost from front-running tariffs in the US appeared to fade. With tariffs only likely to climb and the adoption of clean... 21st March 2025 · 2 mins read
India Economics Weekly India Weekly: Equities regain some poise, less protectionist trade policy India's benchmark Sensex equity index has just had its best week in almost three years, but the big picture is that the market is still down 11% from its peak and we don't think this is the start of a... 21st March 2025 · 3 mins read
Asia Economics Weekly Korea: dovish central bank as political turmoil continues The Bank of Korea’s latest minutes highlight growing concern over the economy. Given the deteriorating outlook, we expect the BoK to cut rates by a further 75bps this year, a more dovish stance than... 21st March 2025 · 5 mins read
