Economics

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

Asia

Indonesia / Rates

Indonesia a winner in global hunt for yields

September 20, 2017
Indonesia a winner in global hunt for yields

With global yields depressed, the high absolute yields offered by Indonesia government bonds have become very attractive, with foreign ownership pushing new highs.

Japan / GDP

Will snap elections bring the end of Abenomics?

September 20, 2017
Will snap elections bring the end of Abenomics?

Unconfirmed news that Japanese Prime Minister Shinzo Abe may call snap elections as early as end-October has lifted market sentiments, but Abe risks diluting his political power.

India / GDP

Watching households’ savings-debt mix

September 20, 2017
Watching households’ savings-debt mix

While India’s savings rate likely continued to moderate in FY17, more Indians appear to be shifting their savings into financial products.

Key Indicators

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

GDP growth, % YoY

2014201520162017f2018f
US2.42.61.52.22.5
Japan0.21.11.01.61.1
Eurozone1.11.91.72.02.0
Indonesia5.04.95.05.15.3
Malaysia6.05.04.25.34.6
Philippines6.25.96.96.46.7
Singapore2.92.02.02.82.5
Thailand0.92.93.23.53.6
Vietnam6.06.76.26.36.4
China7.36.96.76.76.4
Hong Kong2.52.41.03.02.1
Taiwan4.00.71.52.42.5
South Korea3.32.82.82.82.9
India*7.58.07.16.87.3
* India data & forecasts refer to fiscal years beginning April; prior to 2013 inflation is WPI
Source: CEIC and DBS Group Research

CPI inflation, % YoY

2014201520162017f2018f
US1.60.11.31.92.1
Japan2.70.8-0.10.40.6
Eurozone0.60.00.21.51.2
Indonesia6.46.43.54.24.5
Malaysia3.12.12.13.42.5
Philippines4.21.41.82.92.9
Singapore1.0-0.5-0.50.91.8
Thailand1.9-0.90.20.51.2
Vietnam4.10.62.73.73.6
China2.01.42.01.62.1
Hong Kong4.43.02.61.82.5
Taiwan1.2-0.31.40.91.0
South Korea1.30.71.01.91.8
India*6.04.94.53.64.0
* India data & forecasts refer to fiscal years beginning April; prior to 2013 inflation is WPI
Source: CEIC and DBS Group Research

Exchange rates, end of period

current4Q171Q182Q183Q18
US
Japan111.5110110110110
Eurozone1.1961.171.171.171.17
Indonesia13,25513,41113,42913,44713,465
Malaysia4.194.224.234.244.25
Philippines51.151.251.652.052.4
Singapore1.351.361.361.361.36
Thailand33.133.133.133.133.1
Vietnam^22,72622,77122,82022,86922,917
China*6.586.586.586.586.58
Hong Kong7.827.827.827.827.82
Taiwan30.130.530.530.530.5
South Korea1,1291,1501,1501,1501,150
India64.164.864.965.065.1
^ prime rate; * 1-yr lending rate
Source: Bloomberg and DBS Group Research

Policy interest rates, end of period

current4Q171Q182Q183Q18
US1.251.501.752.002.25
Japan-0.10-0.10-0.10-0.10-0.10
Eurozone0.000.000.000.000.00
Indonesia4.504.254.254.254.25
Malaysia3.003.003.003.003.00
Philippines3.003.253.503.503.50
Singaporen.a.n.a.n.a.n.a.n.a.
Thailand1.501.501.501.501.50
Vietnam^6.256.006.006.006.00
China*4.354.354.354.354.35
Hong Kongn.a.n.a.n.a.n.a.n.a.
Taiwan1.381.381.381.381.38
South Korea1.251.251.251.501.50
India6.006.006.006.006.00
^ prime rate; * 1-yr lending rate
Source: Bloomberg and DBS Group Research

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

DBS Asian Insights

2017 Global Macro Outlook

December 14, 2016

Global

Global / Currencies

FOMC overshadows Trump’s threat to ‘destroy’ North Korea

September 20, 2017
Global

Wednesday’s Federal Open Market Committee meeting is getting more attention than ongoing geopolitical tensions, and currencies may be volatile into and after the meeting.

Global / Currencies

Focus remains on FOMC

September 19, 2017
Global

The USD continues to be underpinned by quantitative tightening expectations. The Fed is expected to announce its intention to start unwinding its balance sheet at its Wednesday meeting.

Insights and Analysis

Taiwan / GDP

Taiwan and ASEAN: A step closer...

September 19, 2017

There is plenty of room for Taiwan to diversify from China to Southeast Asia; we assess the opportunities and risks in the ASEAN market – looking at growth prospects, labour resources, and macroecono...

Key summary points
  • Taiwan’s trade and investment ties with ASEAN continued to expand this year
  • There is plenty of room for Taiwan to further diversify from China to Southeast Asia…
  • …and from Singapore and Vietnam to other ASEAN markets
  • Taiwan has comparative advantages over ASEAN in a range of manufacturing and services sectors
  • Companies should consider multiple factors when assessing the opportunities and risks in ASEAN

Read more reports

There were no dcr path found

Discover All

  • Asia
  • Global
  • Asia
  • Global