Economics

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

Asia

Global / Debt, FX, GDP, Rates

Macro Insights Weekly: A world of debt

September 21, 2020
Macro Insights Weekly: A world of debt

Record low rates and safe-haven investment demand will likely keep most governments’ finances under control despite sharp pandemic-related increase in deficits and debts. But risks remain.

Indonesia / Interest Rates

Indonesia: Monetary policy walks a tightrope

September 18, 2020
Indonesia: Monetary policy walks a tightrope

Bank Indonesia extended its pause on rates for a second consecutive month.

China / GDP

China: A more balanced recovery from August data

September 15, 2020
China: A more balanced recovery from August data

August data showed that the economic recovery made more headway.

Key Indicators

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

GDP growth, % YoY

201820192020f2021f
China6.76.12.05.6
Hong Kong2.8-1.2-7.00.5
India6.84.9-9.06.5
Indonesia5.25.0-1.03.5
Malaysia4.74.3-5.56.0
Philippines**6.25.9-6.25.0
Singapore3.10.7-6.55.5
South Korea2.92.0-1.12.9
Taiwan2.72.70.02.9
Thailand4.22.4-7.53.0
Vietnam7.17.03.26.2
Eurozone1.90.9-8.04.0
Japan0.30.7-5.02.8
United States***2.92.3-5.05.0
* refers to fiscal years i.e. 2020 represents FY21 - year ending March 2021 ** new CPI series *** eop for CPI inflation
Source: DBS Group Research, CEIC

CPI inflation, % YoY

201820192020f2021f
China2.12.92.32.5
Hong Kong2.42.91.12.0
India4.03.76.04.2
Indonesia3.22.82.01.6
Malaysia1.00.7-1.11.8
Philippines**5.22.52.43.0
Singapore0.40.6-0.71.5
South Korea1.50.40.20.5
Taiwan1.30.60.10.5
Thailand1.10.7-1.21.0
Vietnam3.52.83.43.0
Eurozone1.81.20.51.1
Japan1.00.5-0.10.0
United States***1.92.31.31.5
* refers to fiscal years i.e. 2020 represents FY21 - year ending March 2021 ** new CPI series *** eop for CPI inflation
Source: DBS Group Research, CEIC

Exchange rates, end of period

3Q204Q201Q212Q213Q21
Mainland China*6.936.976.936.916.89
Hong Kong7.757.757.767.767.77
India75.075.475.876.276.6
Indonesia14,71014,57014,43014,29014,140
Malaysia4.184.204.184.164.14
Philippines49.149.649.248.748.3
Singapore**1.371.381.371.361.35
South Korea1,1851,1951,1851,1801,170
Taiwan
Thailand31.532.031.831.631.4
Vietnam***23,20023,20023,20023,20023,200
Eurozone1.171.151.171.181.19
Japan107107107106106
United States

Policy interest rates, end of period

3Q204Q201Q212Q213Q21
Mainland China*3.703.553.553.553.55
Hong Kong
India4.004.003.753.753.75
Indonesia4.004.004.004.004.00
Malaysia1.751.751.751.752.00
Philippines2.252.252.252.252.25
Singapore**0.400.400.400.400.40
South Korea0.500.500.500.500.50
Taiwan1.131.131.131.131.13
Thailand0.500.500.500.500.50
Vietnam***4.504.004.004.505.00
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: DXY vs its basket

September 21, 2020
Global

Range for DXY at 92-94, EUR at 1.1750-1.19 and GBP at 1.2750-1.30.

Global / FX,Rates

Market correction concerns; Bank Indonesia walks a tight ro...

September 18, 2020
Global

The FX landscape is more challenging that 3 months ago. BI’s focus has shifted to unconventional policy steps

Insights and Analysis

Global / Economics & Strategy

Research Library...

September 21, 2020

Economics and Macro Strategy

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