Climate Economics Monthly

Draghi on green policies; UK farewell to coal power

Mario Draghi’s report on EU competitiveness, published this month, provided food for thought on the EU’s decarbonisation strategy. Meanwhile, with the imminent closure of the Ratcliffe-on-Soar coal...

30th September 2024 · 4 mins read

Capital Daily

China vs Japan: a tale of two stock markets

We doubt China’s equities will continue to outperform Japan’s through the end of 2025, despite their recent divergence.

30th September 2024 · 4 mins read

Japan Rapid Response

Tankan (Q3 2024)

The slight rise in business conditions across all firm sizes in the latest Tankan suggests that the robust rebound in activity in Q2 will continue into Q3. The Tankan’s headline index of business...

30th September 2024 · 2 mins read

Asia Chart Pack

Asia Chart Pack (September 2024)

Our Asia Chart Pack has been updated with the latest data and our analysis of recent developments. With GDP growth likely to struggle, inflation set to remain low and currencies rebounding against the...

30th September 2024 · 0 mins read

Australia & New Zealand Economics Update

Surge in serviceability-exempted loans not a big threat

While banks have issued more housing loans that don’t meet APRA’s serviceability guidelines over the last couple of years, we aren’t convinced that this poses significant risks to financial stability.

30th September 2024 · 3 mins read

China Rapid Response

China PMIs (Sep. 2024)

While the official PMIs held up okay in September, the Caixin PMIs dropped quite sharply which suggests that the economy lost some momentum this month. The stimulus package announced last week thus...

30th September 2024 · 3 mins read

Japan Rapid Response

Japan Industrial Production & Retail Sales (Aug. 24)

30th September 2024 · 2 mins read

Event

China Drop-In: Will this stimulus be enough to revive the economy?

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Economists from our China and Markets teams held a special briefing to assess the recent flurry of stimulus announcements from Beijing.

China Economic Outlook

Pivot to stimulus lowers immediate risks

A pivot towards fiscal and monetary stimulus should support China’s growth in the near-term. But the economy continues to be propped up by investment, still elevated levels of construction, and the...

27th September 2024 · 16 mins read

Commodities Weekly

China stimulus a silver bullet for metals? Think again

The stimulus packages announced by Chinese policymakers were the main reason behind the chunky increases in industrial metals prices this week, and explain why they performed better than most other...

27th September 2024 · 4 mins read

Asia Economics Weekly

Pakistan latest IMF deal, CBSL on hold

The loan deal that was confirmed this week between the IMF and Pakistan envisages a further sharp tightening of fiscal policy. This drag from fiscal policy is the main reason why we think GDP growth...

27th September 2024 · 7 mins read

China Economics Weekly

Stimulus timetable, bank capital injections

Chinese equities have soared in response to this week's stimulus announcements, but it will take longer for the real economy to respond. While the PBOC has already reduced bank funding costs, rate...

27th September 2024 · 6 mins read

India Economics Weekly

Make in India: 10 years on

Though there have been pockets of success, PM Modi's flagship "Make in India" policy initiative - launched 10 years ago this week - has done little to improve the global competitiveness of India's...

27th September 2024 · 3 mins read

Japan Economics Weekly

Ishiba victory will be greeted with relief by BoJ

While Sanae Takaichi's defeat in this week's LDP leadership elections means that Japan won't have its first female Prime Minister after all, Shigeru Ishiba's victory will almost certainly be welcome...

27th September 2024 · 6 mins read

Australia & New Zealand Economics Weekly

RBA to start easing policy from next February

Although the RBA predictably left rates on hold at its meeting this week, it did soften its hawkish bias a touch. And with the latest CPI data pointing to a noticeable slowdown in underlying inflation...

27th September 2024 · 4 mins read