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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China: Retail sales expand for second consecutive month in September
October 19, 2020
Retail sales rose 3.3% compared to the same month of the previous year in September, which followed August’s 0.5% increase.
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China: Industrial output growth accelerates in September
October 19, 2020
Industrial output grew 6.9% compared to the same month of the previous year in September, which was above August’s 5.6% increase.
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China: Nominal fixed investment returns to growth in January-September
October 19, 2020
Nominal urban fixed asset investment expanded 0.8% terms in January-September, which contrasted the 0.3% decrease in the first eight months of the year.
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China: GDP continues to recover in Q3 from Covid-19-induced slump
October 19, 2020
The economy continued to recover in the third quarter from the economic hardship brought on by the Covid-19 pandemic.
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Australia: Government tables stimulatory budget to sustain recovery following coronavirus blow
October 16, 2020
On 6 October, the government presented the 2020–2021 draft budget to Parliament, which includes both tax cuts and additional spending in an effort to boost the economy and spur job creation following the impact of the coronavirus outbreak.
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