India Economics Weekly India Weekly: Can policymakers bring back the good times? We doubt that Finance Minister Nirmala Sitharaman will deliver a big stimulus package to get the economy out of its recent soft patch in tomorrow's Union Budget announcement. That will leave the onus... 31st January 2025 · 3 mins read
Japan Economics Weekly Structural labour shortages point to more rate hikes The Tokyo CPI suggests that the Bank of Japan’s Board will need to revise up their inflation forecasts yet again at the May meeting. And with the expansion in employment running on fumes as the... 31st January 2025 · 5 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: RBA will start cutting rates in February With Australia's underlying inflation surprising materially to the downside in Q4, we've brought forward our forecast for the RBA's first rate cut from May to February. The data clearly show that... 31st January 2025 · 5 mins read
Japan Rapid Response Japan Activity & Labour Market (Dec. 24) & Tokyo CPI (Jan. 25) The end-month data rush vindicates the Bank’s decision to lift its policy rate last week and suggests that further tightening over the coming months is likely. 31st January 2025 · 2 mins read
Asia Chart Pack Asia Chart Pack (January 2025) Our Asia Economics 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... 30th January 2025 · 0 mins read
RBI Watch RBI Watch: New governor, new direction for monetary policy The announcement of large liquidity injections into the banking sector demonstrates how the priorities of the RBI – led by new Governor Sanjay Malhotra – have shifted from containing inflation to... 29th January 2025 · 6 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q4 2024) 29th January 2025 · 2 mins read
China Activity Monitor CAP: Official data underplays China’s 2024 weakness Our China Activity Proxy suggests that activity picked up in December, but that was only enough to drive a modest uptick over Q4 as a whole. The CAP indicates that the economy grew by just 4.4% in... 28th January 2025 · 3 mins read
Commodities Update Iron ore to suffer from China’s property weakness Iron ore prices have been supported by optimism that policy stimulus may prevent a marked downturn in China’s construction sector. But we think that any stimulus-led boost will prove temporary and... 27th January 2025 · 4 mins read
Asia Economics Update Thailand: the new sick man of Asia Thailand’s recovery from the COVID-19 pandemic has not only been much weaker than that experienced in other parts of Asia, but also compared with past crises. The weakness of the economy is the key... 27th January 2025 · 4 mins read
India Economics Update The rise of the Indian tourist India’s outbound tourism market is poised to become one of the world’s largest over the coming years. The Maldives and the UAE are arguably the biggest beneficiaries, though Oman and Thailand are well... 27th January 2025 · 3 mins read
Commodities Update Silver to outperform gold over the coming years Traditionally, our bearish view on industrial metals, informed by China’s struggling property sector, would lead us to expect weakness in silver demand and prices. But given the growing use of silver... 27th January 2025 · 3 mins read
China Economics Update China ramping up use of export controls China's latest expansion of export controls didn't come out of the blue. Its government started to build an institutional and legal framework to enable China to leverage its position in key supply... 27th January 2025 (Updated 24th October 2025) · 7 mins read
China Rapid Response China PMIs (Jan. 2025) The Caixin services and composite PMIs released today add to growing evidence that China's economy lost momentum last month. The breakdown shows that the employment index of the Caixin composite PMI... 27th January 2025 (Updated 3rd February 2025) · 3 mins read
Japan Economics Update Japan’s labour market to remain tight despite rate hikes The experience from other advanced economies is that there’s no hard and fast rule for how long it will take for the labour market to loosen in response to rate hikes by the Bank of Japan. But with... 27th January 2025 · 4 mins read
