Page 4 - Asian Economy

Asia's factory activity grows in Dec as firms take Omicron risks in stride

For now, the direct hit from Omicron on output appeared subdued, according to surveys released on Monday and Tuesday.

We're overweight India in Asian equity portfolio: Manishi Raychaudhuri

The key risks in 2022 are the possible 'overtightening' of monetary policy by central banks and the spread of new Covid variants

World Bank lifts China view, slashes Asia outlook on Delta wave

Pandemic may do lasting damage in Asia Pacific, says lender

Asia factory activity cools in Aug as coronavirus disrupts supply chains

China's factory activity slipped into contraction in August for the first time in nearly 1-1/2 years.

Covid-19 pushes 80 million people in Asia into extreme poverty: ADB

Covid-19 pandemic has pushed an estimated 75 million to 80 million more people in developing Asia into extreme poverty as of last year compared with what would have happened without Covid, ADB said

Delta variant blow knocks wind out of Asia's economic recovery

The rapid spread of the infectious Delta variant and low vax rates have caught much of the region off-guard, especially in emerging markets, even as economies in Europe and North America reopen

Singapore raises 2021 GDP estimate, now expects growth of 6%-7%

Among nine economists surveyed by Bloomberg who updated their Singapore GDP forecasts this month, six saw growth exceeding 6%.

India to Indonesia: Asian economies challenged by Delta Covid variant

In India, where the delta strain was first identified last year, a deadly second wave is ebbing but its fallout is substantial.

ADB trims developing Asia's 2021 economic growth forecast to 7.2%

Developing Asia's economic growth this year will be slightly lower than previously projected, Asian Development Bank said on Tuesday, citing the resurgence of Covid-19 infections in countries

Asia's highest default risk puts spotlight on Sri Lanka debt worry

The first test comes July 27, when the South Asian nation must repay a $1 billion bond to investors.

What inflation? Pandemic leaves emerging Asia's consumer recovery behind

Asia's once fast-growing economies are struggling with weak domestic demand that is keeping a lid on inflation in contrast to some developed markets

IMF paints a rosy picture, says Asia's economy to grow 7.6% in 2021

The IMF expects Asia's economy to grow 5.4 per cent in 2022

India, Philippines most vulnerable in a taper tantrum-like scenario: S&P

One mitigating factor for both countries is that current accounts are stronger relative to normal levels, notes S&P

India and Philippines most vulnerable to risks of a 'taper tantrum': S&P

S&P Global Ratings on Wednesday said the recovery across Asia's emerging economies would withstand rising US yields so long as this reflects an improving growth outlook and reflation rather than a monetary shock. US yields are rising mostly due to expectations of higher growth, rather than fears of imminent tightening, or monetary-policy shock. This time around, initial conditions in Asia are sturdier than they were in 2013, the rating agency said. It said current account surpluses, low inflation (for the most part), higher real interest rates, and fatter foreign-exchange reserve buffers give regional policymakers more flexibility and should allow central banks to remain focused on supporting recovery. "The recovery across Asia's emerging economies should withstand rising US yields so long as this reflects an improving growth outlook and reflation rather than a monetary shock," S&P Global Ratings Asia-Pacific Chief Economist Shaun Roache. The US-based agency, however, said ...

Asian equities face outflows in February due to rise in US bond yields

Taiwan and South Korea witnessed the biggest net sales

Malaysia unveils $3.7 billion package as Covid-19 pandemic cases surge

The measures come a week after Malaysia declared a state of emergency, allowing the government to enact immediate laws to contain the pandemic and support the economy

Asia's unequal recovery sounds warning bells for global economic rebound

Asia is an important barometer for the world economy because it accounted for more than two-thirds of global growth in 2019 and is home to a majority of those between the ages of 15-24

Pandemic to keep Asia's growth at lowest since 1967, warns World Bank

The bank said the region this year is projected to grow by only 0.9%, the lowest rate since 1967

Normalisation from Covid economic disruption to take longer in SE Asia: S&P

Normalisation from Covid-19 economic disruption is expected to take longer in India, Japan, Australia and most of southeast Asia, according to a new report by S & P Global Ratings titled 'Asia Pacific's Recovery"The pandemic is not over but the worst of its economic impact has passed," said Shaun Roache, Asia Pacific Chief Economist for S & P Global Ratings."Governments are adopting more targeted strategies for flattening Covid curves with less recourse to nationwide lockdowns. Households are spending again on services as well as goods."Covid-19 is proving hard to beat but fatality rates are falling and prospects have brightened for a widely available vaccine by mid-2021. In the meantime, people are moving and spending more, testament to a world becoming accustomed to Covid-19. Trade, for example, has bottomed.As a whole, S & P expects Asia Pacific economies to shrink by 2 per cent in 2020 and rebound by 6.9 per cent next year. This will still leave the region almost 5 per

Red flag waves as demand wanes at Southeast Asia bond auctions

Bidding at Indonesian and Malaysian auctions has fallen to the lowest levels in at least five months