Indonesia’s fuel demand growth is predicted to decrease as the government looks to reduce reliance on fossil fuels. Efforts to cut fuel subsidies have led to slower growth rates in transport fuel demand. Factors such as biofuels, fuel substitution, and decarbonisation pose potential risks to Indonesia’s fuel consumption. Key View Indonesia’s long-term fuel demand growth […]
Cambodia’s real GDP is expected to grow by 5.8% in 2023, driven by a recovery in tourism. Easing inflation, supportive fiscal policies, and slower export growth are also factors. Risks include slower growth in China. Key View We forecast real GDP growth of 5.8% in Cambodia in 2023, up from 5.2% in 2022, driven primarily […]
India’s transport infrastructure construction industry is predicted to grow by 6.4% annually over the next decade due to government and private investment in roads, rail, ports, and air transport infrastructure. Key View The government has set ambitious targets for the expansion of the transport infrastructure. We forecast that India’s transport infrastructure construction industry will grow […]
India’s real GDP growth is expected to peak at 7.8% in Q2 2023 before slowing down due to factors such as weak monsoon, tight credit conditions, and sluggish global demand. This is in line with a forecast of 6.3% growth for the whole fiscal year. The Reserve Bank of India predicts a slightly higher growth […]
According to a report by the Asian Development Bank (ADB), economic growth in Asia and the Pacific is expected to remain solid, although risks to the outlook are increasing.
China’s exports tumbled for the fourth consecutive month in August amid weak external demand and ongoing global supply chain upheaval, posing more challenges to the world’s second-largest economy as it struggles to carve out a path to a post-pandemic rebound. Exports fell by 8.8 per cent compared to a year earlier to US$284.9 billion last […]
Thai exports declined for the 10th consecutive month in July, falling at a larger rate than expected due to sluggish global demand and a decline in global commodity prices. However, the decline in Thai exports was less severe compared to other countries. The ministry will try to meet its export growth target of 1-2% for […]
The Thai economy grew slower than expected in the second quarter, with weaker exports offset by strength in tourism. The government has revised its GDP growth forecast for 2023 to 2.5% to 3.0% due to slower exports. The economy grew 1.8% in the April-June period, below economists’ expectations. The tourism sector and private consumption have […]