Fiscal spending is crucial for Indonesia's GDP growth outlook

Dec 11, 2015 02:25 am UTC| Commentary

While GDP growth is expected to tick higher to 5.2% in 2016, and probably to around 5.5% in 2017, President Widodos target of 7% GDP growth by 2019 seems a stretch. That several members of the cabinet still talk about the...

Economic reform is crucial to sustain long-term growth in Vietnam

Dec 11, 2015 02:11 am UTC| Commentary Economy

The economy will likely report a solid growth performance of 6.6% for this year. But to sustain the sanguine economic outlook in the long-term, reforms will be crucial. In this regard, a steady process is already underway....

Eyes on South Korea's new inflation target

Dec 11, 2015 01:52 am UTC| Commentary

The Bank of Korea held rates steady at 1.50% yesterday in a unanimous vote. The tone in the policy statement was slightly less confident than in the previous month, with a phrase added saying that the improvement in...

Euro area rates review

Dec 11, 2015 00:51 am UTC| Commentary

The stimulus package announced by ECB President Draghi at the December policy meeting underwhelmed market expectations. Having previously indicated that we will do what we must to raise inflation as quickly as possible, in...

USD/CAD Outlook

Dec 11, 2015 00:22 am UTC| Commentary

A continued fall in oil prices and the heightened prospect of an upcoming rise in US interest rates has pushed USD/CAD to a new 11½ year high above 1.35 in recent days. While the move has largely reflected a...

AUD/USD Outlook

Dec 10, 2015 23:51 pm UTC| Commentary

A turn in the commodity cycle and an improvement in Australias economy are expected to lead to broad stability in AUD in 2016. Having fallen sharply over much of this year amid falling iron ore prices, AUD/USD appears to...

USD/JPY Outlook

Dec 10, 2015 23:44 pm UTC| Commentary

If the US Fed raises interest rates at its upcoming policy meeting, a generalised firming of the US dollar is likely to push USD/JPY higher over the coming months. The extent of any rise will partly depend on whether the...