Australia & New Zealand Economics Weekly ANZ Weekly: RBA remains on course to deliver shallow easing cycle With its eyes on the May general election, the Australian government has put forward an array of new spending measures in its 2025/26 Budget. However, we don't believe the scope of fiscal expansion is... 28th March 2025 · 4 mins read
Japan Economics Weekly Inflation overshoot will trump BoJ’s tariff concerns The new US auto tariffs and the looming reciprocal tariffs due next week pose clear downside risks to Japan’s economic outlook. But policymakers at the Bank of Japan have signalled that those tariffs... 28th March 2025 · 6 mins read
Japan Economics Update Bank of Japan will hike in May as inflation overshoots While US tariffs are a headwind, the continued acceleration in consumer prices will only heighten concerns among Bank of Japan’s Board members about inflation overshooting its 2% target. As the Bank... 28th March 2025 · 4 mins read
Global Economic Outlook Global Economic Outlook: Trade war to dampen, not derail, global growth We expect the world economy to grow a touch slower in the next couple of years than it did in 2024. Trump’s policies will drag on US growth, policy support will not prevent a slowdown in China’s... 27th March 2025 · 45 mins read
Global Economics Update The implications of US vehicle tariffs In this Update, we answer several key questions about how the announced 25% tariffs on US imports of autos and parts might affect the global economy and the US itself. Mexico, Slovakia and Korea are... 27th March 2025 · 7 mins read
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
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
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
