Economics

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

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Asia

China / Inflation,GDP

Power shortage weighs down China’s growth
October 18, 2021
Power shortage weighs down China’s growth

GDP growth slowed markedly to 4.9% YoY in 3Q21 from 7.9% in 2Q21. On a QoQ basis, it decelerated to 0.2% from 1.3%.

Asia / GDP

Macro Insights Weekly: Property price trends in Asia
October 18, 2021
Macro Insights Weekly: Property price trends in Asia

Exceptionally easy monetary policy has fuelled asset price boom in the Asia, with equity markets trading at record valuations and property markets strengthening in a number of economies.

Singapore / GDP

Singapore: Raising GDP growth forecast
October 14, 2021
Singapore: Raising GDP growth forecast

We have raised full year GDP growth to 6.7%, up from 6.3% previously, given a slightly stronger than expected 3Q21 growth performance and upward revision in 2Q figure.

Key Indicators

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

GDP growth, % YoY

20192020f2021f2022f
China6.12.38.86.0
Hong Kong-1.2-6.16.03.0
India4.7-7.18.06.0
Indonesia5.0-2.13.54.5
Malaysia4.3-5.64.05.0
Philippines**5.9-9.54.26.5
Singapore0.7-5.46.33.2
South Korea2.0-1.03.82.8
Taiwan3.03.15.02.8
Thailand2.4-6.10.63.5
Vietnam7.02.95.06.8
Eurozone0.9-6.84.34.0
Japan0.3-4.82.21.5
United States***2.2-3.56.03.0
** 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
India3.76.65.34.7
Indonesia2.82.01.52.2
Malaysia0.7-1.11.42.0
Philippines**2.52.44.03.0
Singapore0.6-0.21.71.5
South Korea0.40.51.71.0
Taiwan0.6-0.21.51.0
Thailand0.7-0.81.01.3
Vietnam2.83.23.33.6
Eurozone1.20.32.11.0
Japan0.50.00.00.5
United States***2.31.34.33.3
** new CPI series *** eop for CPI inflation
Source: DBS Group Research, CEIC

Exchange rates, end of period

3Q214Q211Q222Q223Q22
Mainland China*6.56.66.76.66.5
Hong Kong7.87.827.827.87.8
India75767776.576
Indonesia14,40014600148001470014600
Malaysia4.264.324.364.344.32
Philippines5151.55251.551
Singapore**1.371.381.391.381.37
South Korea1,1801,1901,2001,1801,160
Taiwan……………
Thailand33.834.735.53534.5
Vietnam***22,92022,87022,82022,77022,720
Eurozone1.161.151.141.151.16
Japan111113115114113
United States……………

Policy interest rates, end of period

3Q214Q211Q222Q223Q22
Mainland China*3.853.853.853.853.85
Hong Kong……………
India4.004.004.004.004.25
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 Korea0.750.751.001.001.00
Taiwan1.131.131.131.131.13
Thailand0.250.250.250.250.25
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 / Credit

Credit: Relief in China credit amid reassurances
October 22, 2021
Global

Sentiment improves but risks remain

Global / FX

FX Daily: Taking it slow on Friday
October 22, 2021
Global

Moving from rally towards consolidation

Insights and Analysis

Global / Economics

DBS Group Research Webinar...
October 19, 2021

Opportunities amid rising yields and China risks

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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