Bangladesh’s foreign reserves has surged to a new high. This has boosted both the economy and stock prices. Indeed, a new business cycle appears to be unfolding in the country. Domestic demand has picked up. Manufacturing…
Chinese new home prices fell on a month-on-month basis in September for the first time since April 2015. Prices of newly built homes in 70 Chinese cities declined 0.1% m/m on the back of a 0.2% m/m drop in third-tier cities.…
China’s Q3 GDP release confirms that economic activity is decelerating sharply. GDP grew 4.9% y/y – slightly below consensus estimates of 5.0% y/y and significantly slower than Q2’s 7.9% y/y rate. The quarter-on-quarter pace…
The growth rate of Singapore’s non-oil domestic exports accelerated in September to a 12.3% annual rate. Meanwhile, exports of electronics decelerated from August’s 16.7% y/y to a still-robust 14.4% y/y pace. The electronics…
On the surface, China’s CPI and PPI are sending mixed signals about inflationary pressures. Producer prices grew 10.7% y/y in September – a nearly 26-year high – and were a slight upside surprise to expectations of a more muted…
Highlights The surge in energy prices going into the Northern Hemisphere winter – particularly coal and natgas prices in China and Europe – will push inflation and inflation expectations higher into the end of 1Q22 (Chart of…
Highlights As US inflation proves to be not-so-transitory, US interest rate expectations will rise. Slowing Chinese domestic demand and rising US interest rate expectations will support the US dollar. The net impact from China’…
China’s money and credit cycles drive Chinese imports and therefore ultimately impact emerging market economies and EM corporate profitability. Thus, the moderation in China’s money and credit cycle (see Country Focus) is…
China’s September money supply and credit data was a slight disappointment to expectations. Aggregate financing fell from 2.96 trillion RMB to 2.90 trillion RMB and M1 growth decelerated to 3.7% from 4.2%. Although new yuan loans…