Economic Snapshot for East & South Asia
October 7, 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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Australia: Inflation resurfaces in Q3
October 28, 2020
In the third quarter of 2020, consumer prices jumped 1.6% over the previous quarter swinging from a 1.9% dive in Q2—which had marked the sharpest drop on record.
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New Zealand: Inflation inches down in Q3
October 23, 2020
Consumer prices rebounded and increased 0.67% in Q3 2020 over the previous quarter as the economy bounced on easing restrictions.
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Taiwan: Industrial output records quickest growth since March in September
October 23, 2020
Industrial output increased 10.7% in year-on-year terms in September, which was above August's 3.6% increase.
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Hong Kong: Consumer prices drop again in September
October 22, 2020
Consumer prices fell a seasonally-adjusted 0.80% in September over the previous month, following August's 0.20% fall.
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China: Growth in house prices decelerates in September
October 20, 2020
House prices in 70 large- and medium-sized cities increased 0.4% in September 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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