Xi’s new market strategy driven by fears over the economy Like many analysts, Capital Economics did not trust the data. But it went further by creating its own measure of economic activity, the China activity proxy, which considers industrial output like... 17th February 2023 · The Sydney Morning Herald
Asia Data Response Thailand GDP (Q4) Thailand’s economy contracted sharply in the final quarter of last year, as a strong recovery in the tourism sector was unable to compensate for weakness elsewhere. Looking beyond the weak fourth... 17th February 2023 · 5 mins read
Australia & New Zealand Economics Weekly Weaker labour market will keep a lid on wage growth While the second consecutive fall in employment in January may partly reflect seasonal distortions, there can be little doubt that the labour market is rapidly losing momentum. The unemployment rate... 17th February 2023 · 6 mins read
Japan Economics Weekly Consensus is too optimistic about GDP growth The economy expanded at a slower pace in Q4 than most anticipated, and while the second consecutive fall in export volumes in January largely reflects distortions from the Lunar New Year, it’s... 17th February 2023 · 5 mins read
Asia Economics Update Philippines: tightening cycle not over yet The central bank of the Philippines today raised its main policy rate by a further 50bps (to 6.00%) and increased its inflation forecast for this year significantly. We are revising our interest rate... 16th February 2023 · 2 mins read
Asia Economics Update Bank Indonesia: No more rate hikes this year Bank Indonesia (BI) kept its main policy rate unchanged today (at 5.75%), and signalled that further rate increases this year were unlikely. This supports our view that the tightening cycle has now... 16th February 2023 · 2 mins read
Australia & New Zealand Data Response Australia Labour Market (Jan. 2023) The weakness in January’s labour market data shows that rapid rate hikes are starting to cool activity, but with inflation still far too high that won’t prevent the RBA from tightening policy for a... 16th February 2023 · 2 mins read
Japan Data Response Japan External Trade (Jan. 2023) & Machinery Orders (Dec. 2022) The trade deficit was virtually unchanged in January, as volumes and prices of exports and imports fell across the board. With the global downturn weighing on external demand, further export volume... 16th February 2023 · 3 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Jan. 23) 16th February 2023 · 2 mins read
Japan Rapid Response Japan External Trade (Jan. 2023) & Machinery Orders (Dec. 2022) 15th February 2023 · 2 mins read
China Economics Update Property will be part of the post-COVID revival The roots of the crisis in China’s property sector lie in the worsening long-term outlook for demand. This has not improved. But sales started the year so beaten down that a short-run cyclical... 15th February 2023 · 3 mins read
India Economics Focus Unlocking India's demographic potential If it isn't already, India will soon be the world’s most populous nation. But this doesn’t mean that policymakers can simply wait for the economic benefits to arrive. The key to unlocking India’s... 15th February 2023 · 14 mins read
Japan Chart Pack YCC still set to end with Ueda at the helm The government formally nominated Kazuo Ueda as the next Bank of Japan Governor at yesterday’s Diet session. Since the initial announcement of his candidature last Friday, analysts and investors have... 15th February 2023 · 11 mins read
