Daily analysis of the latest economic data points and policy developments in Asia and the major economies of the world.
DBS tracks developments in the economies, foreign exchange and fixed income markets of the Asia-11 (China, Hong Kong, Taiwan, Korea, Singapore, Malaysia, Indonesia, Thailand, the Philippines, Vietnam...Read More
We expect Thailand’s current account surplus to narrow to 7.2% and 6.5% of GDP in 2017 and 2018 from 11.4% in 2016. A narrowing of the surplus should be seen as a positive sign.Read More
India’s 2016/17 fiscal year external balance remains stable, despite the slightly wider current account deficit of late.
Bangko Sentral ng Pilipinas kept its policy rate unchanged on Thursday but this could soon change. We believe the central bank could hike rates as soon as May.
The Taiwanese government expects its new eight-year infrastructure programme to boost GDP growth, but past experience shows this may not be the case.
China’s push for growth-at-any-cost is being replaced with the “New Normal”.It will fundamentally change how business and investing are done.Read More
The USD has been range-bound ahead of the vote on the US healthcare bill, while the GBP was unusually calm ahead of Article 50.
The strong northward trend in US housing is starting to make our 5% projection for growth in the sector look a little too conservative.
We expect Thailand’s current account surplus to narrow to 7.2% and 6.5% of GDP in 2017 and 2018 from 11.4% in 2016. A narrowing of the surplus should be seen as a positive sign.