China Economics Update Hong Kong’s recovery to benefit from fiscal support With Hong Kong’s economy on the mend, the budget unveiled today curtailed some of last year’s emergency spending. But it still signals a supportive fiscal stance, particularly in areas hardest hit by... 22nd February 2023 · 3 mins read
Australia & New Zealand Economics Update RBNZ will stop hiking at 5.25% Even though the Reserve Bank of New Zealand slowed the pace of tightening at today’s meeting, it still signalled a peak in the overnight cash rate of 5.50% by the middle of this year. Our more... 22nd February 2023 · 4 mins read
Australia & New Zealand Data Response Australia Wage Price Index (Q4) With the risk of a wage-price spiral contained, we expect the RBA to start cutting interest rates by year-end. 22nd February 2023 · 2 mins read
Japan Economics Update The impact of higher bond yields on public finances The higher bond yields that would follow abandonment of Yield Curve Control would make it more difficult to stabilise Japan’s public finances. But the long maturity of government debt means that the... 22nd February 2023 · 4 mins read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q4 22) 22nd February 2023 · 2 mins read
India Chart Pack Adani spill-over risks: not out of the woods yet In a crowded field given the FY23/24 Union Budget and the RBI’s more-hawkish-than-expected policy announcement, the Adani short-selling crisis has been the main story over the past month. So far at... 21st February 2023 · 9 mins read
Asia Economics Focus Korea: recession and rate cuts The near-term economic outlook for Korea is very poor, with falling real incomes, problems in the housing market, and weak global demand all set to weigh on prospects this year. Our forecast is that... 21st February 2023 · 10 mins read
Japan Data Response Japan Flash PMIs (Feb. 23) February’s flash PMIs are broadly consistent with our downbeat narrative of the economy in 2023. The manufacturing PMI fell further due largely to a plunge in export orders, while a further rise in... 21st February 2023 · 2 mins read
China Economics Update Rare drop in household wealth will cap recovery Bank deposits held by Chinese households have soared over the past year. But that mostly reflects a shift out of riskier assets rather than a surge in savings. In fact, our calculations show that... 20th February 2023 · 5 mins read
India Economics Weekly Inflation jump may be less worrying than it seems The January CPI data released this week made for uncomfortable reading, but may be less worrying than they first appear. A bottom-up look at the components of the food basket suggest that the rate of... 17th February 2023 · 3 mins read
China Economics Weekly Sign of a property turnaround are building Data published this week showed that property prices stabilised in January following a record 16-month decline. This adds to growing signs that the housing market is embarking on a cyclical rebound... 17th February 2023 · 4 mins read
Asia Economics Weekly Asia in 2050, Malaysia budget, Korea rate meeting Emerging Asia is set to play an increasingly important role in the global economy over the coming decades. According to our latest Long Run Outlook, seven of the world’s 20 largest economies will be... 17th February 2023 · 6 mins read
