Event Drop-In: China’s troubled outlook – How great is recession and financial risk? 17th August 2023, 1:30PM BST Property developers on the brink. A slip into deflation. Activity at a standstill. Markets are growing nervous as bad news piles up around the Chinese outlook, but how grim is the economic situation…
Asia Economics Update Higher food prices pose risk to disinflation process Inflation across Emerging Asia should continue to decline over the coming months. However, the risks are to the upside amid uncertainty over the outlook for food prices. And while we are sticking with... 15th August 2023 · 3 mins read
Japan Economics Update Fall in energy imports has further to run Most of the plunge in import volumes last quarter reflects lower energy imports. With the Ukraine war rekindling concerns about energy security and energy prices remaining stubbornly high, import... 15th August 2023 · 3 mins read
China Rapid Response Activity & Spending (Jul.) All the main activity indicators undershot consensus expectations in July, with most either stagnant or barely expanding in m/m terms. And with financial troubles at developers such as Country Garden... 15th August 2023 · 4 mins read
China Rapid Response Policy Rates (Aug.) The PBOC has lowered its policy rates for the second time in three months, amid growing concerns among policymakers about the health of China’s economy. A larger-than-usual MLF cut had hinted at a... 15th August 2023 · 4 mins read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q2 2023) The sluggish pace of wage growth in Q2 reinforces our view that the Reserve Bank of Australia won't lift interest rates any higher. 15th August 2023 · 3 mins read
Capital Daily What Country Garden wilting means for China’s equities We don’t think the ongoing troubles in China’s property sector mark the beginnings of a financial crisis, but do expect them to be a drag on returns from the country’s stock market over time. 14th August 2023 · 5 mins read
India Rapid Response Consumer Prices (Jul.) Headline consumer price inflation accelerated to a 15-month high of 7.4% y/y in July amid the surge in food price inflation. While the RBI expects the sharp increase in food prices to prove transitory... 14th August 2023 · 2 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Aug. 2023) Our Australia & New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. Although central banks in both Australia and New Zealand are unlikely to drop... 14th August 2023 · 1 min read
China Economics Weekly Export pullback understated, foreign travel to pick up The export data published by China’s customs bureau appear to have become less reliable recently and subject to unusually large revisions. Alternative indicators suggest that the true level of exports... 11th August 2023 · 6 mins read
Asia Economics Weekly Korea labour market weakness, Singapore Q2 GDP The slowing labour market in Korea adds to the evidence that the economy is struggling, and supports our view that the central bank will cut interest rates before the end of the year. Meanwhile... 11th August 2023 · 8 mins read
China Rapid Response Bank Lending & Broad Credit (Jul.) China’s bank loan growth fell to its lowest in seven months in July, while broad credit growth dropped to a record low. We expect further policy rate cuts and a spike in government bond issuance in... 11th August 2023 · 3 mins read
India Economics Weekly RBI cautious, government aims to cool food price rise The RBI kept the repo rate on hold at 6.50% as expected this week and maintained a hawkish tone amid the recent surge in food prices. And while several policy measures announced by the government this... 11th August 2023 · 4 mins read
China Economics Update Deflation likely temporary but slowdown isn’t Consumer price inflation slipped into negative territory in July. But this probably won’t last more than a quarter or two and has less to do with the health of domestic demand than many think... 11th August 2023 · 5 mins read
Japan Economics Weekly Recession now looking unlikely Wage growth has been strong in recent months which will make it easier for households to cope with high inflation. What’s more, the outlook for external demand has brightened as we no longer expect... 11th August 2023 · 8 mins read
