Economic Snapshot for East & South Asia
June 25, 2020
East Asia economic growth is expected to slow significantly in 2020
Economic growth is expected to slow significantly in 2020 , as domestic activity and exports are restricted by coronavirus-related lockdowns at home and abroad, respectively. A key downside risk is a flare-up in coronavirus cases. Troubled trade relations between the U.S. and China represents an additional risk.
South Asia economic growth to stall in 2020
The South Asian economy is expected to contract this year. Coronavirus containment measures are suffocating domestic activity, while prospects for exports and remittances are grim due to the global economic downturn. Furthermore, although fiscal stimulus should cushion the downturn, most governments in the region have limited room for extra spending.
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5 years of East & South Asia economic forecasts for more than 30 economic indicators.
East & South Asia Economic News
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China: Inflation increases in July due to higher food prices
August 10, 2020
Consumer prices rose 0.6% over the previous month in July, contrasting June’s 0.1 % decrease.
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China: Export growth accelerates on July due to strong global demand for medical supplies
August 7, 2020
In July, exports expanded 7.2% over the same month in the previous year, following June’s 0.5% rise.
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New Zealand: Unemployment dips as people stop looking for a job in Q2
August 5, 2020
The seasonally-adjusted unemployment rate unexpectedly fell to 4.0% in Q2 from 4.2% in the previous quarter.
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Hong Kong: Private sector shrinks in July after briefly stabilizing in June
August 5, 2020
The IHS Markit Hong Kong SAR Purchasing Managers’ Index (PMI) fell to 44.5 in July, after rising to 49.6 in June from 43.9 in May.
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Korea: Inflation returns in July
August 4, 2020
Consumer prices remained flat in July with respect to the previous month, after a mild 0.15% increase in June.
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