Economics

Daily analysis of the latest economic data points and policy developments in Asia and the major economies of the world.

Asia

Global / GDP

Macro Insights Weekly: Varieties of inflation trend

April 12, 2021
Macro Insights Weekly: Varieties of inflation trend

Amid reviving demand and some cases of supply disruption, inflation rates have begun to climb in many countries.

India / GDP

India & Indonesia: Monetary policy – steady hand on the whe...

April 07, 2021
India & Indonesia: Monetary policy – steady hand on the wheel

India and Indonesia central banks are likely to maintain rates unchanged this year, but not shed their accommodative bias.

Asia / GDP

Macro Insights Weekly: A peek into 2Q

April 05, 2021
Macro Insights Weekly: A peek into 2Q

Thanks to favourable base effects, the first half of this year will present headline-pleasing real GDP growth numbers in Asia. But such figures will hide highly heterogenous economic outcomes.

Key Indicators

  • GDP
  • Inflation
  • Currency
  • Interest Rates
  • GDP
  • Inflation
  • Currency
  • Interest Rates

GDP growth, % YoY

20192020f2021f2022f
China6.12.310.55.5
Hong Kong-1.2-6.14.02.3
India4.7-7.19.15.3
Indonesia5.0-2.14.04.5
Malaysia4.3-5.65.24.8
Philippines**5.9-9.57.06.0
Singapore0.7-5.46.33.2
South Korea2.0-1.02.92.8
Taiwan3.03.15.02.8
Thailand2.4-6.12.92.2
Vietnam7.02.96.76.8
Eurozone0.9-6.83.53.5
Japan0.3-4.82.81.5
United States***2.2-3.56.02.5
** new CPI series *** eop for CPI inflation
Source: DBS Group Research, CEIC

CPI inflation, % YoY

20192020f2021f2022f
China2.92.32.52.5
Hong Kong2.90.32.02.5
India3.76.64.24.0
Indonesia2.82.02.22.8
Malaysia0.7-1.11.42.0
Philippines**2.52.43.02.8
Singapore0.6-0.21.41.5
South Korea0.40.51.71.0
Taiwan0.6-0.21.51.0
Thailand0.7-1.01.01.3
Vietnam2.83.23.33.6
Eurozone1.20.31.01.2
Japan0.50.00.00.5
United States***2.31.32.32.0
** new CPI series *** eop for CPI inflation
Source: DBS Group Research, CEIC

Exchange rates, end of period

2Q213Q214Q211Q222Q22
Mainland China*6.686.646.66.586.56
Hong Kong7.767.777.777.787.79
India74.27473.873.673.4
Indonesia14,60014500144001435014300
Malaysia4.164.144.124.114.1
Philippines49.549.148.848.448.1
Singapore**1.371.361.351.341.34
South Korea1,1551,1501,1451,1401,135
Taiwan
Thailand31.23130.830.730.6
Vietnam***23,06023,03023,01022,97022,940
Eurozone1.171.181.181.191.19
Japan110109109108108
United States

Policy interest rates, end of period

2Q213Q214Q211Q222Q22
Mainland China*3.853.853.853.853.85
Hong Kong
India4.004.004.004.004.00
Indonesia3.503.503.503.503.50
Malaysia1.751.751.751.751.75
Philippines2.002.002.002.002.00
Singapore**0.120.120.120.120.12
South Korea0.500.500.500.500.50
Taiwan1.131.131.131.131.13
Thailand0.500.500.500.500.50
Vietnam***4.004.004.004.004.00
Eurozone0.000.000.000.000.00
Japan-0.10-0.10-0.10-0.10-0.10
United States0.250.250.250.250.25

From the Asian Insights Office

China: Defining the New Normal

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

Macro Insights

India’s Economies and Markets Around Elections

March 05, 2019

Global

Global / FX

FX Daily: Bracing for a higher US inflation (Philip Wee)

April 13, 2021
Global

US CPI could lift USD across currencies.

Global / Rates

SGD Rates: Various shades of optimism (Eugene Leow)

April 13, 2021
Global

Still interest in receiving 3Y SGD SORA OIS vs pay 3Y SOFR OIS.

Insights and Analysis

Global / Economics

Kopi time with Taimur Baig podcast E51...

April 13, 2021

Vasuki Shastry on “Has Asia Lost It?”

Key summary points
  • The DCR mapped to the component do not contains key summary points
  • Read more reports

    There were no dcr path found

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