CBC likely to keep its benchmark rate unchanged

Oct 27, 2015 06:55 am UTC| Commentary Central Banks

Taiwanese industrial production fell 5.3% y/y in September, below expectations. As with the disappointing September exports release, a slow inventory adjustment continued to weigh on electronics. Indeed, TSMC Chairman...

Is Brazil more like Greece or Japan?

Oct 27, 2015 06:47 am UTC| Commentary

Having identified an unsustainable Brazils public debt as a core policy problem, it is natural to focus on a sovereign credit event as the primary risk. For Brazil, this is probably not right, or at least, a sovereign...

S.Korean exporters face cyclical downturn

Oct 27, 2015 06:34 am UTC| Commentary

South Korean exporters face a cyclical downturn as China and other Asian economies slow. This cyclical slowdown is complicated by a structural challenge. Chinas Made in China 2025 campaign aims to raise its...

S.Korea's growth momentum to remain weak in 2016

Oct 27, 2015 06:16 am UTC| Commentary

South Koreas Q3 GDP growth beat expectations and rebounded to 1.2% q/q sa from the MERSinduced slump of 0.3% q/q sa in Q2. It also marked the fastest quarterly momentum since June 2010. A stronger acceleration in private...

UK September retail sales are up, but underlying weakness persists

Oct 27, 2015 06:14 am UTC| Commentary

UK September retail sales growth, in volumes, accelerated to 1.9% m/m from -0.4% m/m in August, with the previous numbers revised downward by 0.6pp. Retail sales prices dipped further across all sectors, falling by 0.5pp...

Taiwan’s GDP growth probably turned negative in Q3

Oct 27, 2015 05:50 am UTC| Commentary

Taiwans GDP growth declined sharply to 0.5% yoy in Q2 from 3.8% yoy in Q1, mainly driven down by net exports. Real exports and imports continued to decelerate in Q3. However, due to a sharper fall in imports than...

Mexico's trade deficit continues to rise

Oct 27, 2015 05:41 am UTC| Commentary

The trade balance of Mexico year-to-date through August has worsened to -USD9.1b from -USD2.5b during the same period last year. The worsening trade balance primarily has to do with the fall in dollar exports growth while...