Mexico 2016 budget: Lower deficit suggests stabilization of debt ratios

Sep 09, 2015 15:39 pm UTC| Commentary Economy

The government proposes reducing the fiscal deficit to 3.0% of GDP from the planned 3.5% in the previous year, and it considers an expenditure cut of MXN221bn (1.2% of GDP) with respect to the 2015 budget, very close to...

South Korea's fiscal support remains; monetary easing is over

Sep 09, 2015 02:28 am UTC| Commentary Economy Central Banks

The Korean government will adopt a conservative stance on fiscal policy next year according to its 2016 budget proposal unveiled yesterday. Total budget spending will increase to KRW 386.7trn, only KRW 2trn more than this...

Is Asia's exports growth really that bad?

Sep 09, 2015 01:36 am UTC| Commentary Economy

If you measure things like exports and currencies in dollar terms, the sky seem to be falling. Not so much, according to DBS Bank research, if you measure them the way they should be: against a basket of dollars, euros and...

Brazil's moderate export gains could help investment bottom out, but not recover

Sep 08, 2015 15:22 pm UTC| Commentary Economy

Brazil is expected to post its strongest real exports growth in five years in 2015, as currency depreciation boosts competitiveness. Given the rising correlation between exports and investment demand. We expect the...

Today’s upward revision of GDP unlikely to boost confidence for Japan

Sep 08, 2015 15:16 pm UTC| Insights & Views Economy

Today GDP data showed that Japanese economy shrank only by 0.3% in second quarter compared to previous estimate of 0.4% contraction and comfortably beating median estimate of 0.5% contraction. However this upward...

Russian economic contraction intensifies

Sep 08, 2015 14:16 pm UTC| Insights & Views Economy

Just like analyst and economists expected, Russian economy faced sharp second quarter contraction in 2015, given weakness in commodities, especially energy prices, its major exports and severe weakness in Rouble. Sanctions...

Typhoon pushes Taiwan's food prices higher in August

Sep 08, 2015 02:31 am UTC| Commentary Economy

August inflation came in at -0.45%, stronger than expected (Barclays: -0.85%; consensus: -0.80%), as a powerful typhoon (Soudelor - on 7-8 August) pushed up food prices.Food prices were up 3.1% y/y (Jul: 1.8%; Jun: 1.9%),...