Premier Li’s comments on Chinese economy
Sep 10, 2015 04:29 am UTC| Commentary Economy
China Premier Li Keqiang told a conference on Thursday that growth in China is stabilizing and that the worlds second-biggest economy is still on track to achieve growth targets this year. While admitting that China was...
Mexico's industrial growth modest despite decent manufacturing growth
Sep 09, 2015 23:17 pm UTC| Commentary Economy
Trade data suggests that Mexicos industrial production likely grew by 1.4% yoy as manufacturing continued to expand at the decent pace of 3.9% yoy, although the mining sector decline continues to be a significant drag and...
Mexico's Inflation outlook does not support a September hike
Sep 09, 2015 15:50 pm UTC| Commentary Economy
Mexico CPI increased 0.21% m/m in August as a result of a very soft inflation print in the second half of the month (0.11% 2w/2w) surprising markets on the downside (Consensus: 0.18%), particularly driven by a relative...
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...