Julie Nicol

Julie Nicol is the Office Administrator in Singapore, working closely with the London office as well as providing support to the local sales team.

Australia & New Zealand Economic Outlook

Life without the booms

The end of Australia’s housing boom and New Zealand’s migration boom mean that economic growth in both countries will probably fall short of expectations over the next couple of years. Australia may...

30th July 2018 1 min read

Japan Data Response

Retail Sales (Jun.)

The rebound in retail sales in June suggests that consumer spending picked up again in Q2 which supports our view that the economy returned to growth last quarter.

30th July 2018 1 min read

India Economics Weekly

Fiscal loosening through the back door

The BJP-led government this week ruled out the possibility of issuing a blanket loan waiver for farmers ahead of next year’s general election. But this is something of a red herring. After all...

27th July 2018 1 min read

Australia & New Zealand Economics Weekly

Stronger growth failing to boost inflation

The fall in underlying inflation in the second quarter in Australia revealed this week has made us more confident in our non-consensus call that underlying inflation will stay below the RBA’s 2-3%...

27th July 2018 1 min read

Japan Data Response

Tokyo CPI (Jul.)

There was a broad-based rise in price pressures in the capital region last month. But while the rise in energy inflation won’t be sustained, the recent pick-up in underlying inflation has further to...

27th July 2018 1 min read

Asia Data Response

Korea GDP (Q2)

Korea’s economy slowed in Q2, and mounting external and domestic headwinds suggest growth is likely to ease further over the coming quarters.

26th July 2018 1 min read

RBI Watch

Another rate hike likely

When hiking interest rates at its most recent meeting in June, the RBI made clear that the future path of monetary policy will be determined in large part by incoming data. With several indicators...

26th July 2018 1 min read

Japan Data Response

Flash Manufacturing PMI (July)

The manufacturing PMI fell back in July which suggests that the threat of a global trade war may be weighing on business confidence. At the same time, price pressures have continued to intensify.

24th July 2018 1 min read

India Chart Pack

BJP defeats no-confidence vote

Prime Minister Modi’s BJP comfortably defeated the vote of no-confidence initiated by opposition parties on Friday. The result isn’t a major surprise given that the BJP holds a majority in the Lok...

23rd July 2018 1 min read

Japan Economics Update

How much longer can QQE remain in place?

The BoJ has been able to drastically slow the pace of its acquisition of Japanese Government Bonds since it adopted a 0% yield target, which should quells doubts about the policy’s long-run viability...

23rd July 2018 1 min read

Australia & New Zealand Data Response

Labour Market (Jun.)

The labour market is improving quicker than the RBA expected, but it is probably the case that the unemployment rate would have to fall below 5.0%, other measures of spare capacity would have to...

19th July 2018 1 min read

Japan Data Response

External Trade (June)

Today’s trade data show a renewed plunge in imports in June and suggest that net trade continued to support GDP growth in the second quarter.

19th July 2018 1 min read

China Economics Update

Service sector holds up despite slower retail spending

The detailed breakdown of China’s Q2 GDP data released today points toward resilient service sector activity last quarter, with the booming IT sector more than offsetting a slowdown in retail spending...

17th July 2018 1 min read

Asia Economics Update

Philippines infrastructure drive: too much, too fast?

The big push to update the Philippine’s infrastructure has led to a number of painful side effects, including a worsening external position, a falling currency and an increase in inflation. However...

17th July 2018 1 min read

Asia Economics Update

Pakistan hikes rates aggressively, more action to come

The State Bank of Pakistan’s (SBP) 100bp hike to its policy rate on Saturday, along with today’s devaluation of the rupee, underlines growing concerns about the country’s precarious external position...

16th July 2018 1 min read

India Data Response

Wholesale Prices (Jun.)

Policymakers don’t put much weight on the wholesale price measure of inflation, but the fact that it surged to its highest rate in almost five years in June and looks set to remain elevated suggests...

16th July 2018 1 min read