Asia Economics Weekly Singapore slowdown, Thailand’s weak recovery GDP growth in Singapore slowed sharply in the first quarter of the year, and the outlook for the rest of 2024 is very poor, with a weakening labour market, tighter fiscal policy and subdued global... 24th May 2024 · 6 mins read
Frontier Markets Wrap Sovereign bond spreads: from too high to too low? The sharp drop in frontier market sovereign dollar bond spreads this year has caught many by surprise. We think there’s a case that the bond rally may have gone too far in Argentina, Ecuador and... 24th May 2024 · 4 mins read
Japan Economics Weekly Upcoming Shunto will thwart further policy tightening The recent sharp slowdown in underlying inflation isn't inconsistent with the Bank of Japan's view that most of the previous strength in inflation was driven by an import cost that is now fading... 24th May 2024 · 5 mins read
Australia & New Zealand Economics Weekly Weaker consumption would lift risk of earlier rate cut Whereas the Reserve Bank of Australia expects the household savings rate to rise over the course of this year, we think that households will lift real consumption alongside a likely rebound in real... 24th May 2024 · 5 mins read
Middle East & North Africa Economics Weekly Saudi-US pact nears, MENA bond issuances, Iran election Reports that the US and Saudi Arabia are nearing to a grand deal on security and the Kingdom’s civilian nuclear program would, if confirmed, swing the Kingdom back towards the US’s sphere of influence... 23rd May 2024 · 6 mins read
Asset Allocation Update Spillovers from the rally in Chinese equities We think equities in the Asia-Pacific (APAC) region may benefit most from improving sentiment towards China in the near term. But we think that economic / market exposures to the AI revolution, not to... 23rd May 2024 · 5 mins read
Asia Economics Update Bank of Korea to cut interest rates in October The Bank of Korea left its policy rate on hold today (at 3.5%) and appeared to indicate that interest rates would not be cut until it was confident that inflation would fall back to target. Given our... 23rd May 2024 · 3 mins read
India Economics Update China’s threat to Indian manufacturing India has made impressive progress in raising its share of global high-end electronics exports over the past few years. But, worryingly, it has failed to capture any additional market share in the... 23rd May 2024 · 5 mins read
Asia Rapid Response Korea Policy Rate (May 2024) The decision by the Bank of Korea to leave the policy rate unchanged (at 3.5%) today came as no surprise, of more interest will be the tone of the central bank’s statement and Governor Rhee’s press... 23rd May 2024 · 2 mins read
Australia & New Zealand Economics Update RBNZ signals rate cuts may have to wait Although it left rates unchanged at its meeting today, the RBNZ indicated that interest rates may have to stay higher for longer. However, we think the Bank is overstating the upside risks to the... 22nd May 2024 · 3 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (May 2024) Our Australia & New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data indicate that capacity pressures have continued to ease, a trend... 22nd May 2024 · 1 min read
Asia Economics Update Political turmoil undermining Vietnam’s appeal The political turmoil in Vietnam, which has led to a number of key leaders being sacked from their posts, is undermining the country’s reputation for stability, which until now has been one of its key... 20th May 2024 · 3 mins read
