India Economics Weekly Coal giving ground slowly to renewables India’s dependence on coal and its plans to increase coal-powered generating capacity have been talking points at COP27. In the recent past, this dependence has been an economic vulnerability as... 11th November 2022 · 6 mins read
Asia Data Response Malaysia GDP (Q3) Malaysia’s economy slowed in Q3, and we think growth will struggle over the coming quarters as lower commodity prices, weaker global demand and tighter monetary policy drag on prospects. 11th November 2022 · 2 mins read
Global Markets Update We don’t expect China’s stock market recovery to last China’s equities have received a boost recently from speculation that the country will ease its strict zero-COVID policy, but we don’t think this marks the start of a more sustained rally; we forecast... 10th November 2022 · 5 mins read
FX Markets Update China’s zero-COVID policy and currency markets While the renminbi, and many other currencies sensitive to the outlook for China’s economy, have rallied sharply against the dollar on hopes that China will shift away from its “zero-COVID” policy... 10th November 2022 · 4 mins read
China Economics Update Early zero-COVID exit would hurt economy in 2023 A shift away from zero-COVID would be positive for China’s economy over the medium term. But the immediate disruption of reopening would probably exceed the cost of keeping the policy in place... 10th November 2022 · 5 mins read
China Data Response Bank Lending & Broad Credit (Oct.) Much weaker than expected credit growth – and an extremely unusual outright fall in lending to households – again underlines the difficulties policymakers are facing stimulating growth while activity... 10th November 2022 · 2 mins read
Japan Economics Update Global downturn will drag Japan into recession We still expect consumer spending to rise rapidly over the coming year. But with many overseas trading partners entering recession, exports will decline. That will prompt firms to pull in their horns... 10th November 2022 · 4 mins read
Asia Data Response Philippines GDP (Q3) The Philippines economy rebounded in the third quarter of the year, but we expect growth to slow over the coming months as high inflation, rising interest rates and weaker global demand weigh on... 10th November 2022 · 2 mins read
India Economics Update Mobile payment continues to soar While mobile and other digital payment methods are still used less in India than in many EMs, the rapid expansion initially triggered by the pandemic has continued over the past year. A well-developed... 9th November 2022 · 2 mins read
Japan Data Response Japan Economy Watchers Survey (Oct. 2022) Current readings picked up in October’s Economy Watchers Survey but remain well short of the peaks seen after previous virus waves ended. The deepening gloom captured by the outlook readings suggest... 9th November 2022 · 2 mins read
China Data Response China Consumer & Producer Prices (Oct.) Consumer price inflation eased last month from September’s 29-month high and remained below the government’s preferred ceiling of 3%. It is set to stay low by global standards over the coming quarters... 9th November 2022 · 3 mins read
Japan Economics Update Surge in regular pay more than a reopening distortion A strong rebound in working hours in the accommodation and food services sector is one reason why regular pay is growing at the fastest pace in a generation. However, there’s been a broad-based upward... 8th November 2022 · 2 mins read
Australia & New Zealand Economics Update Energy price caps could knock off 1%-pt from inflation The proposed price caps on thermal coal and natural gas would knock off around one to 1.25%-pts from overall inflation though the full impact would only materialise in the second half of next year. 8th November 2022 · 4 mins read
