Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Dec. 23) 5th December 2023 · 2 mins read
India Economics Update Three key points on the state election results The latest batch of state election results suggests that support for Prime Minister Modi’s BJP remains firmly intact and that it is clearly in the driving seat to secure another victory in next year’s... 4th December 2023 · 3 mins read
Japan Economic Outlook Negative rates will end next year Following a strong 2023, GDP growth is set to slow towards potential next year and the labour market will tread water for now. However, with the virtuous cycle between consumer prices and inflation... 4th December 2023 · 18 mins read
China Economics Weekly Fiscal boost, renminbi turnaround Government bond issuance has picked up recently but a sizeable chunk of the proceeds have yet to be spent. Local officials will be under pressure to deploy these funds as soon as possible, which could... 1st December 2023 · 5 mins read
Asia Economics Weekly Weak data from Korea; Indonesia and Pakistan elections This week’s data dump from Korea suggests the economy weakened at the start of Q4, supporting our view that the tightening cycle is over and that interest rate cuts could come onto the agenda soon. 1st December 2023 · 6 mins read
India Economics Weekly Robust Q3 GDP, hard truths at COP28, RBI preview The activity data this week confirm that India’s economy is rude health and we now expect full-year GDP growth of 7.0% in 2023, with only a mild slowdown to 6.3% in 2024. A perennial downside risk to... 1st December 2023 · 4 mins read
India Rapid Response Manufacturing PMI (Nov.) The manufacturing PMI survey for November suggests that activity continues to remain strong in Q4. The economy is on course to grow by 7.0% this year, a pick up from 6.7% last year. 1st December 2023 · 2 mins read
Japan Economics Weekly Sluggish activity need not prevent BoJ from tightening Consumer spending probably isn't quite as weak as the retail sales would suggest and we still expect GDP to rebound this quarter. However, the continued weakness in new job openings suggests that the... 1st December 2023 · 7 mins read
Australia & New Zealand Economics Weekly RBA has succeeded in stamping out housing rebound House price growth has been slowing in recent months and CoreLogic's daily data suggest that prices are now falling again in Melbourne and Sydney. A renewed downturn in the housing market suggests... 1st December 2023 · 6 mins read
Asia Economics Update Manufacturing PMIs & Korean trade(November) The November PMIs for Emerging Asia generally nudged up a touch but remained weak overall. The outlook for manufacturing sector in the region remains bleak in the near term as elevated inventory... 1st December 2023 · 2 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Nov.) House price growth kept slowing in Australia in November and, with affordability the most stretched since the early 1990s, that slowdown has further to run. 30th November 2023 · 3 mins read
RBI Watch RBI unlikely to loosen policy until H2 2024 We agree with consensus expectations that the MPC will keep policy unchanged at the conclusion of its meeting on Friday 8 th December. Further ahead, robust economic growth and upside risks to... 30th November 2023 · 6 mins read
Global Markets Update NZ bond yields’ divergence from other DMs may be over We think that long-term sovereign bond yields in New Zealand – which are currently among the highest in the developed world – will fall back to similar levels as those elsewhere over the next couple... 30th November 2023 · 4 mins read
India Rapid Response GDP (Q3) The RBI had stated that the GDP data for Q3 (Q2 of FY23/24) would “surprise everyone on the upside” and, even despite that spoiler, the data came in much stronger than expectations. While economic... 30th November 2023 · 2 mins read
