Tuesday, September 19 2017 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
Updated: 11 hours 35 min ago
It is little known that Latin America is a region which is as urban as developed economies and much more so than other emerging regions. How can the region take advantage of the opportunities generated by its high level of urbanisation?
After registering a stronger-than-expected performance in the first half of the year, Chinese economy started to show more signs of moderation in July, in line with our expectation. In particular, the authorities’ prudent monetary stance and stepped-up regulatory efforts to tackle a number of financial vulnerabilities seemingly have transmitted to the real economy.
Weekly economic update focusing on the major economic indicators to be released the week of August 14, 2017. Special topic: the U.S. yield curve
The strong performance of the RMB exchange rate in recent months has surprised the market, behind which are a confluence of factors: (i) a steep deprecation of US dollar against other major currencies; (ii) the stronger-than-expected growth momentum in China; (iii) the effective implementation of a series of measures aiming to “promote capital inflows and limit outflows”.
The housing inventory continues to fall and is located below 250 thousand units. CNBV publishes its Report on Financial Savings and Financing in Mexico with figures to March 2017. Banco de México publishes a tool to analyse the conditions of automotive loans. Key regulation issues for Fintechs and financial services
The next monetary policy meeting will be held on Thursday August 10th. We expect Banxico to hold the reference rate at 7.0% inaugurating a period of monetary pause
Annual growth in industrial production (IP) was 3.4% yoy in June (cal. adj.) confirming our robust economic activity forecast for overall 2Q, as IP growth in 2Q reached up to 4.5% yoy from 1Q’s 2.1% reading. Our monthly GDP indicator (GBTRGDPY index at Bloomberg) nowcasts 5.1% YoY GDP growth in 2Q. We think that risks are on the upside for our 5% growth estimate for 2017.
In May 2017 the nominal annual growth rate of traditional bank deposits (demand + term) was 11.7%, 2.0 percentage points lower than the previous month, and 1.2 percentage points lower than the same month of the previous year
One of the factors of the greatest upheaval to a country’s economic prospects is the substantial presence of the informal economy. The aim of this paper is to articulate a detailed statistical approach to identify the significance of such factors by examining key econometric strategies and availing ourselves of several different samples for over 160 countries.
Until now financing of Spain’s private sector has come mainly from banks, as is the norm in Europe general, and particularly in countries with a large proportion of small businesses.
Weekly economic update focusing on the major economic indicators to be released the week of August 7, 2017. Special topic: Economic effects of infrastructure policy
Highlights: The EP approved amendments regarding the fast track for IFRS9. The EBA published a set of reports regarding banks’ funding plans. The ESRB published its annual report, and identified four systemic risks in the EU financial system. Finally, EBA issued a consultation regarding fraud reporting requirements under PSD2.
Consumer prices rose by 0.15% in July, incrementally lower than the market consensus and our call (0.2%). Annual headline fell to 9.8% thanks to food and favorable base impact on tobacco. Looking ahead, we expect the headline inflation to breach 10% in August and stay at 10-11% levels till December before it would sizably fall towards 9% at the end of the year.