Thailand’s economic outlook deteriorating
Aug 05, 2015 23:14 pm UTC| Commentary
The recovery path in 2Q appears to be worse than expected. Data up to May show the economy lost momentum. Consumption was weak and exports fell. Tourism remained strong and was the only bright spot, but it was not enough...
Taiwan: Bleak export prospects, lowering GDP
Aug 05, 2015 22:53 pm UTC| Commentary
Taiwan exports contracted a sharp 13.9% yoy in June after declining 3.8% yoy in May. Three aspects in the June release are particularly worrying: 1) tech exports declined by double digits for the first time since July...
Canada merchandise trade outperforms expectations in June
Aug 05, 2015 22:30 pm UTC| Commentary
Canadas June merchandise trade was considerably better than expected, showing a narrowing of the deficit to -0.48bn vs. est. -2.9bn. The report was all around solid, and its hard to find any concerns within the details. In...
UK services PMI mildly disappointed
Aug 05, 2015 22:09 pm UTC| Commentary
UK services PMI mildly disappointed at 57.4 (cons: 58.0), dragging the overall composite down to 56.6 (from 57.4). Taken together with the construction and manufacturing indices earlier this week, these outturns are still...
South Korea's growth outlook remains to the downside
Aug 05, 2015 21:59 pm UTC| Commentary
South Koreas advance GDP growth for 2Q expanded at a slower pace than in 1Q. Amid sluggish consumption and anemic exports, 2Q GDP growth moderated to 2.2% yoy from 2.5% yoy in 1Q. GDP growth was dragged by weaker private...
Indonesia faces strict monetary and fiscal policy constraints
Aug 05, 2015 21:46 pm UTC| Commentary
Indonesia faces strict monetary and fiscal policy constraints, despite the urgent need to arrest slowing growth and market pessimism. Bank Indonesia is unable to loosen its tight monetary policy stance, given high headline...
India's lending rate cuts key to cyclical recovery
Aug 05, 2015 21:36 pm UTC| Commentary
Indias June quarter GDP growth on 31 August is expected to remain weak at 6.8% yoy, down from 7.5% in the March quarter, as high real rates continue to delay recovery. However, March quarter growth was largely on account...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects