Asia Economics Weekly Korea’s property doldrums, Indonesia’s new president Concerns that interest rate cuts could lead to a renewed property price bubble in Korea look overblown. With housing transactions close to multi-year lows and the stock of unsold homes high by... 18th October 2024 · 7 mins read
India Economics Weekly Economy cooling The latest activity data have brought further evidence that India’s economy has entered a softer patch. Coupled with the RBI's change in policy stance, this suggests that monetary policy easing is... 18th October 2024 · 3 mins read
China Rapid Response China GDP (Q3) & Activity (Sep. 2024) After slowing in Q2, the economy regained some momentum last quarter. A boost from fiscal stimulus should help narrowly meet the annual growth target this year and support activity in the coming... 18th October 2024 · 3 mins read
Japan Economics Weekly Ishiba trying to shore up support ahead of election PM Ishiba has signaled that this year’s supplementary budget will be larger than last year’s. That’s largely motivated by concerns that the LDP won’t do well in next week’s Lower House elections... 18th October 2024 · 3 mins read
Australia & New Zealand Economics Weekly Tight labour market to keep RBA on the sidelines Following yesterday's blockbuster jobs report, financial markets have come around to our view that the Reserve Bank of Australia won't loosen policy before the first half of next year. That's a stark... 18th October 2024 · 4 mins read
Japan Rapid Response Japan Consumer Prices (Sep. 24) While the resumption of electricity subsidies resulted in a plunge in headline inflation in September, inflation excluding fresh food and energy rose to a three-month high and should remain around 2%... 18th October 2024 · 2 mins read
Emerging Markets Economics Focus EM debt restructurings: light at the end of the tunnel? Several EMs have reached provisional agreements with creditors to restructure their sovereign debts in recent months, including Zambia, Ukraine, Sri Lanka and Ghana. In principle, restructurings... 17th October 2024 · 21 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Sep. 2024) With the labour market running red hot, the Reserve Bank of Australia won’t cut rates before the first half of next year. 17th October 2024 · 2 mins read
Global Economics Update China stimulus unlikely to have big spillovers to DMs We may learn more about the size and structure of China’s fiscal package over the next couple of weeks, but based on what we know the impact on advanced economies will probably be small. The bigger... 16th October 2024 · 6 mins read
Asia Rapid Response Philippines Monetary Policy Announcement (October 2024) The central bank in the Philippines cut rates by 25bps and signalled that the recent economic data support its shift towards a looser monetary policy stance. Further gradual loosening lies in store in... 16th October 2024 · 2 mins read
Australia & New Zealand Rapid Response New Zealand Consumer Prices (Q3 2024) The weaker-than-expected Q3 CPI data reinforce our conviction that the RBNZ will loosen policy more aggressively than most are expecting. 15th October 2024 · 3 mins read
Emerging Markets Economics Update What to expect from the BRICS+ summit The BRICS+ summit in Russia next week is likely to see another push on expansion, mainly to close allies of China and Russia. But limited economic benefits for potential new members, divisions among... 15th October 2024 · 6 mins read
Asia Economics Update Indonesia under President Prabowo Having stormed to victory in February’s presidential election, Prabowo Subianto, a former army general and the current defence minister, will take over from Joko Widodo on Sunday (20 th October)... 15th October 2024 · 3 mins read
India Economics Update Modi resisting populist shift Contrary to many expectations in the aftermath of the BJP’s humbling in the general election, there is little evidence so far of Prime Minister Modi’s party shifting to more populist policymaking. And... 15th October 2024 · 3 mins read
