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10 小时之前 · Mission accomplished on 2024 growth target as growth drivers shift Data published over the past month confirmed that the Chinese economy grew by 5.0% year-on-year in 2024, which was exactly in line with its growth target of around 5%. China's fourth quarter 2024 GDP surged to 5.4% year-on-year, up ...

10 小时之前 · After 100bp of interest rate cuts in the latter part of 2024, the Fed held policy steady in January and suggested it was in no hurry to cut again. The recent developments surrounding tariffs are likely to keep it that way through the first half of 2025. We expect stronger near-term consumer demand ...

2024年10月14日 · September credit data beats expectations. China's credit data has been very weak for most of the year, and we attribute this to two factors. First, a lack of private sector investment has held back lending to non-financial corporates, while lower household borrowing demand has resulted from fewer new mortgages amid the property market slump and a decline in big-ticket purchases funded by ...

1 天前 · US Re-funding announcement a key driver for quarter ahead There's been a change of Treasury Secretary since we had the last re-funding announcement in October 2024. New Treasury Secretary Scott Bessent could use the re-funding announcement due 8:30am (EST) Wednesday as an opportunity to impact ...

2024年9月14日 · Retail sales showed consumption momentum continuing to falter. Retail sales growth fell to 2.1% YoY in August, down from 2.7% YoY in July, lower than consensus forecasts though barely managing to avoid reaching a new post-pandemic low.

2024年11月7日 · Focus remains on fiscal stimulus follow-up. The strong rally of Chinese equities cooled off in October as it soon became apparent that no fiscal policy package was ready to go hot on the heels of the PBOC’s monetary policy easing in September and as markets began to see higher odds of a Trump victory in the US elections.

2025年1月8日 · Policy support will decide whether China's economy can maintain momentum. Given the various high-level meetings and policy communiques over the past month, it appears a safe bet to expect more aggressive fiscal policy support from China in 2025, as well as continued monetary policy easing in the form of rate and RRR cuts.

2024年10月10日 · Two alternative scenarios for the economic outlook. The global economic outlook hinges on whether we’re heading for a US recession, whether China can escape the current cycle of falling property prices and weak sentiment, and whether we see a cooling in geopolitical tensions.

2024年10月11日 · Central bank action in Singapore, Philippines and Indonesia. It’s a busy week ahead for Singapore. As well as the GDP release for the third quarter of this year, which should show some solid growth of 2.0% quarter-on-quarter and take the annual growth rate up from 2.9% to 3.8% YoY, we also get the Monetary Authority of Singapore’s (MAS) policy statement.