Economic Snapshot for East & South Asia
November 18, 2020
East Asia economic growth is seen accelerating markedly in 2021
Growth is seen accelerating markedly in 2021 as the regional economy shrugs off the effects of the pandemic and external demand rebounds. Ample fiscal and monetary stimulus in the region should further support the rebound, while a less volatile U.S. trade policy under a Biden administration bodes well for exports. Covid-19-related uncertainty clouds the outlook, however.
South Asia economic growth to expand in 2020
GDP in South Asia should expand robustly in 2021, as the impact of the pandemic on domestic activity across the region fades and a strong recovery in global demand boosts exports. Moreover, fiscal and monetary stimulus should remain accommodative, further supporting the rebound. That said, the evolution of the pandemic poses a downside risk to the outlook.
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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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Taiwan: Industrial output growth improves in May
June 23, 2021
Industrial output rose 16.5% in year-on-year terms in May, which followed April's 14.1% increase.
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Australia: Business confidence moderates in May
June 20, 2021
The business confidence index produced by National Australia Bank (NAB) dropped to 19.8 points in May from 23.5 points in April, which had marked a record-high reading.
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Australia: Consumer sentiment drops in June
June 20, 2021
The Westpac-Melbourne Institute consumer sentiment index dropped to 107.2 in June from 113.1 in May.
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New Zealand: Economy rebounds strongly in Q1 amid booming housing market and low interest rates
June 18, 2021
GDP expanded 1.6% in seasonally-adjusted quarter-on-quarter terms in Q1, as growth in domestic demand surged amid a booming housing market and favorable financing conditions.
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China: Housing market gains further steam in May
June 17, 2021
House prices in 70 large- and medium-sized cities increased 0.6% in May in month-on-month terms according to a weighted average index calculated by Refinitiv from data issued by the National Bureau of Statistics (NBS).
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