15 Jun 2015
Asia: Economic outlook in a nutshell – Nomura
FXStreet (Barcelona) - Research Analysts at Nomura, share the economic outlook and key risks for Asian economies.
Key Quotes
“Asia currently appears the least ugly in the EM universe, thanks to cheap oil and loose monetary policies…”
“… but further out, many risks loom: high debt, elevated property prices, China slowing, the Fed hiking and El Niño.”
“China: The PBoC may conduct its next RRR cut in July rather than June owing to stabilising industrial growth.”
“Korea: We expect the BOK to hold at 1.50% until Q4 2016, seeing risks of further cuts.”
“India: Lower inflation and a debottlenecking of investment should aid a gradual recovery, but weak monsoons are a risk.”
“Australia: Weak investment and fiscal restraint should keep growth sub-par, leading to another 25bp cut.”
“Indonesia: Reforms have begun but prospects on the follow-through are unclear. Growth is likely to stay sub-par.”
Key Quotes
“Asia currently appears the least ugly in the EM universe, thanks to cheap oil and loose monetary policies…”
“… but further out, many risks loom: high debt, elevated property prices, China slowing, the Fed hiking and El Niño.”
“China: The PBoC may conduct its next RRR cut in July rather than June owing to stabilising industrial growth.”
“Korea: We expect the BOK to hold at 1.50% until Q4 2016, seeing risks of further cuts.”
“India: Lower inflation and a debottlenecking of investment should aid a gradual recovery, but weak monsoons are a risk.”
“Australia: Weak investment and fiscal restraint should keep growth sub-par, leading to another 25bp cut.”
“Indonesia: Reforms have begun but prospects on the follow-through are unclear. Growth is likely to stay sub-par.”