Economic Snapshot for East & South Asia
May 28, 2020
East Asia economic growth is expected to slow significantly in 2020
Economic growth is expected to slow significantly in 2020 , as the Covid-19 crisis restricts activity and hits export prospects. A key downside risk is a second wave of coronavirus cases, leading to prolonged lockdown measures . Troubled trade relations between the U.S. and China, coupled with political uncertainty in Hong Kong, represent additional risk factors
South Asia economic growth to stall in 2020
South Asian economic activity is expected to stall this year compared to last year, due to the spread of coronavirus and related measures that are restricting regional activity. Moreover, those economies in South Asia that rely heavily on exports and remittances, such as Bangladesh, will particularly suffer this year due to the global economic downturn.
5 years of East & South Asia economic forecasts for more than 30 economic indicators.
East & South Asia Economic News
June 2, 2020
At its monetary policy meeting on 2 June, the Reserve Bank of Australia (RBA) decided to keep the cash rate unchanged at an all-time low of 0.25%.
May 31, 2020
The manufacturing Purchasing Managers’ Index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) fell from 50.8% in April to 50.6% in May.
May 29, 2020
The ANZ-Roy Morgan consumer confidence indicator jumped to 97.3 in May from April’s 84.8, as lockdown measures were gradually lifted.
May 25, 2020
China’s top leadership decided to scrap its traditional annual growth target for this year, the first time since it was first established in 1994, highlighting the severity of the economic crisis facing the country.
May 25, 2020
Industrial output rose 3.5% in year-on-year terms in April, which followed March's revised 11.2% increase (previously reported: +10.4% year-on-year).
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