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.

China Data Response

PMIs (Apr.)

The latest PMI readings support our view that growth in China peaked at the turn of the year and is now decelerating.

2nd May 2017 1 min read

Asia Economics Weekly

Pakistan – improved performance unlikely to last

A combination of loose monetary policy and increased infrastructure spending related to the China Pakistan Economic Corridor (CPEC) should push up growth in Pakistan to its fastest pace in over a...

28th April 2017 1 min read

Asia Data Response

Taiwan GDP (Q1 Advanced)

Taiwan’s economy slowed slightly in the first quarter of the year, but given the improving prospects for the global economy and supportive domestic monetary and fiscal policies, we expect growth to...

28th April 2017 1 min read

India Economics Update

The economic impact of the monsoon

The release of an Indian Meteorological Department (IMD) forecast of a “normal” monsoon this year has led to a rush of commentary on the potential economic impact. But the early forecasts are prone to...

27th April 2017 1 min read

Japan Economics Update

Bank of Japan remains too upbeat about inflation

The BoJ upgraded its assessment of the economy at today’s meeting but lowered its inflation forecast for the current fiscal year. We think that the Bank remains too optimistic about inflation and...

27th April 2017 1 min read

Asia Data Response

Korea GDP (Q1 Preliminary)

Korea’s economy began 2017 on a strong note, and while we expect growth to hold up reasonably well in the near term, we doubt the Q1 outturn marks the start of a sustained recovery.

27th April 2017 1 min read

India Chart Pack

Sensex rises to record highs

Indian equities have rallied over the past few months, with the benchmark Sensex stock index hitting an all-time high in early April. This reflects in part a broader pick-up across most major EM...

25th April 2017 1 min read

Asia Economics Weekly

Philippines – current account deficit no cause for alarm

A sharp fall in the Philippines’ current account surplus is fueling fears that the economy is overheating. We think such fears are overdone.

21st April 2017 1 min read

Japan Economics Weekly

Roaring start to year unlikely to last

Japan’s economy probably expanded for the fifth straight quarter as consumer spending is finally recovering in earnest. The activity surveys suggest that growth held up in the second quarter and we’ve...

21st April 2017 1 min read

Japan Data Response

Flash Manufacturing PMI (Apr.)

The manufacturing PMI remained at a high level in April and suggests that the sector had a strong start to the second quarter. What’s more, there are mounting signs that price pressures are...

21st April 2017 1 min read

India Economics Update

Farmer loan waivers a cause for concern

The recent approval of a bailout package for indebted farmers in Uttar Pradesh fulfils an election pledge from the BJP, but should also raise concern. The unconditional debt write-off could set a...

19th April 2017 1 min read

Asia Chart Pack

KORUS renegotiation on the cards

Confirmation that the US is seeking to renegotiate but not scrap the Korea-US free trade agreement (KORUS) is the latest sign that President Trump’s bark, at least when it comes to trade, is turning...

19th April 2017 1 min read

India Economics Update

How much of a threat is the rise in gold imports?

The jump in gold imports over the past couple of months is likely to have been boosted by temporary factors, including a rebound in purchases following demonetisation and greater consumer demand ahead...

18th April 2017 1 min read

Japan Economics Update

Monetary Indicators Monitor (Mar.)

Bank lending is rising at the fastest pace since 2009, led by non-manufacturing firms. A combination of record-low bank lending rates and extremely loose bank lending attitudes has fuelled the credit...

17th April 2017 1 min read

India Data Response

Wholesale Prices (Mar.)

Indian wholesale price inflation edged down in March, but the bigger picture is that it remains close to its highest rate in three years, and that price pressures are still elevated.

17th April 2017 1 min read

China Data Response

GDP (Q1) & Activity & Spending (Mar.)

Growth edged up last quarter according to the official GDP figures. Our own measure of economic activity also points to a strong start to 2017, though we don’t expect the strength to be sustained.

17th April 2017 1 min read