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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China: Consumer price inflation returns in March, producer price inflation surges
April 9, 2021
Consumer prices dropped 0.50% in March over the previous month amid a large fall in food prices, contrasting February's 0.60% rise.
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India: Private sector PMI decreases in March, but remains upbeat nonetheless
April 7, 2021
The composite Purchasing Managers’ Index (PMI) produced by IHS Markit fell from 57.3 in February to 56.0 in March.
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Australia: RBA remains on hold in April
April 6, 2021
At its monetary policy meeting on 6 April, the Reserve Bank of Australia (RBA) decided to keep the cash rate unchanged at the all-time low of 0.10%.
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Korea: Inflation hits over two-year high in March
April 2, 2021
Consumer prices rose 0.15% over the previous month in March, below February's 0.50% rise.
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Korea: Merchandise exports grow at a quicker pace in March
April 1, 2021
Merchandise exports jumped 16.6% on an annual basis in March (February: +9.5% year-on-year).
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