RBI kept interest rates steady in August 2024 but may cut by 50bps by end of FY2024/25. Uncertain on timing due to inflation concerns but aims to balance growth and price stability. Analysts anticipate cut to boost economic growth. Key View The Reserve Bank of India left interest rates unchanged at its August 2024 meeting, […]
Thailand’s LNG imports are expected to increase due to lower prices, strong demand for natural gas, and the entry of third-party players. This growth is supported by the government’s goal to enhance energy security and economic growth. Key View Thailand’s LNG imports are projected to rise in the second half of 2024 supported by lower […]
MAS maintained monetary policy settings in July due to persistent upside risks to near-term inflation. Economic outlook improvements reduced urgency for easing, with potential for easing in H1 2025. Key View As we and the consensus were expecting, the Monetary Authority of Singapore (MAS) maintained all monetary policy settings in its July review. Upside risks […]
Sanofi plans to invest EUR400mn over six years to expand its Hyderabad GCC, focusing on AI capabilities and hiring data scientists. This reflects confidence in India’s pharmaceutical market growth. Latest Development: On July 17 2024, Sanofi announced its plans to invest EUR400mn (USD435mn) over the next six years to expand its global capability centre (GCC) in […]
Sri Lanka’s economy grew by 5.3% in Q1 2024, expected to slow to 4.5% in Q2. Forecasted 4.0% growth for the year, driven by rebound in private consumption, tourism sector recovery, and rising wages. Key View Sri Lanka’s economy expanded by 5.3% in Q1 2024, but we think that it will slow to 4.5% in […]
Cautiously positive outlook for consumer spending in Singapore in 2024-2025 due to economic recovery, but inflation remains a significant risk, impacting household purchasing power and potentially dampening consumer sentiment. Key View: We hold a cautious but positive outlook for consumer spending in Singapore over 2024 and 2025 as the ongoing economic recovery feeds through to stable […]
Vietnam’s economy exceeded expectations with 6.9% y-o-y GDP growth in Q2 2024, driven by manufacturing and FDI. The country aims to reach its 6% annual GDP growth target, emphasizing resilience and strategic investments. The Latest: Real GDP rose by 6.9% y-o-y in Q2 2024, outperforming the 6.0% we and the consensus had expected. This was also […]
Tourist arrivals in Japan are expected to fully recover by 2024, with growth driven by an expanding source market and marketing campaigns, although overtourism could be a concern. Key View: Over 2024, we project tourist arrivals to Japan to fully recover to pre-Covid levels in 2019, building on a gradual rebound between 2022-2023. Over the […]