India Chart Pack India Chart Pack (June 2024) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. Prime Minister Modi begins his third term with a weakened mandate, but an economy that is primed to... 25th June 2024 · 1 min read
Asia Chart Pack Emerging Asia Chart Pack (June 2024) Our Emerging Asia Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Most central banks in Emerging Asia have left policy rates unchanged since... 25th June 2024 · 0 mins read
China Activity Monitor CAP: Growth slows but near-term prospects still good Our China Activity Proxy suggests that economic growth weakened in May on the back of a fall in services activity. Industry also slowed, following months of outperformance. We doubt this marks the... 24th June 2024 · 3 mins read
China Economics Weekly PBOC: Don’t worry about the weakness of credit Governor Pan Gongsheng’s comments about PBOC bond buying and about changes to the monetary policy framework caught the headlines this week. But it was what he said about weak credit growth that caught... 21st June 2024 · 6 mins read
Asia Economics Weekly Thai budget boost, Singapore’s cooling jobs market Most countries in Asia are planning to tighten fiscal policy as they aim to put government finances on a more secure footing following the pandemic. One exception to this is Thailand, which this week... 21st June 2024 · 6 mins read
India Economics Weekly Bond index ambitions realised, Q3 Outlook India's government will achieve a long-held policy objective next week when JPMorgan adds the country's local bonds to its largest EM sovereign bond index. While an important milestone, we expect the... 21st June 2024 · 3 mins read
Japan Economics Weekly Concerns over weaker yen will prompt July rate hike The Bank of Japan is concerned that the weak yen will result in a renewed acceleration in non-energy goods inflation and we think that the slide of the exchange rate to multi-decade lows this week... 21st June 2024 · 4 mins read
Australia & New Zealand Economics Weekly Slowdown in activity not due to supply shortages Some commentators have been arguing that the recent weakness in economic activity reflects a shortfall of supply rather than weaker demand. However, business surveys suggest that supply constraints... 21st June 2024 · 5 mins read
Japan Rapid Response Japan Consumer Prices (May 24) The jump in headline inflation in May mostly reflected electricity price hikes that have further to run. By contrast, underlying inflation continued to slow rapidly and it will fall below 2% over the... 21st June 2024 · 2 mins read
Asia Economic Outlook Policy easing to begin soon We expect economic growth in most countries in Asia to slow in the second half of 2024, as tighter fiscal policy, high interest rates and weaker global growth all weigh on demand. Inflation is back to... 20th June 2024 · 28 mins read
India Economic Outlook Economy in good shape as Modi 3.0 begins Prime Minister Modi begins his third term with a weakened mandate, but an economy that is primed to grow by 6.5-7% per year between 2024 and 2026. That would put India on course to become the world’s... 20th June 2024 · 16 mins read
Climate Economics Update EMs are a growing market for Chinese green exports The continued divergence between export values and export volumes of the “New Three” underlines the downward pressure on prices from the rapid expansion in manufacturing capacity in China. Meanwhile... 20th June 2024 · 2 mins read
Asia Rapid Response Indonesia Policy Rate (June 2024) Bank Indonesia today left interest rates unchanged (at 6.25%), but hinted at possible rate cuts later in the year, provided that the rupiah stabilises against the US dollar. The central bank’s dovish... 20th June 2024 · 2 mins read
Australia & New Zealand Rapid Response New Zealand GDP (Q1 2024) The modest rebound in GDP last quarter doesn’t change the bigger picture that the New Zealand economy is worse for wear. In fact, timely survey data suggest that things may well get worse before they... 19th June 2024 · 3 mins read
Japan Rapid Response Japan External Trade (May 2024) Trade volumes were little changed in May which suggests that net trade provided a small drag on GDP growth this quarter. 19th June 2024 · 1 min read
Capital Daily Depth of rate cuts matters more for markets than timing Although the Reserve Bank of Australia – which left policy on hold today – looks set to be the last developed market central bank to join the easing cycle now underway among developed economies, we... 18th June 2024 · 4 mins read