HANOI -- Vietnam's Q2 GDP growth quickened to 6.61% y/y in Q2, 0.6% weaker than market expectations of 7.2% y/y. But in an economic research note, ANZ Bank points out that the result marks an improvement from 4.65% y/y growth in Q1 (revised upward from 4.48% y/y earlier).
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NEW DELHI --India's inflation in May surged past the 6% ceiling of the official target range. The price increase was broad-based, with both headline and core components touching recent highs, ANZ Bank said in a research note. Various State-level lockdowns and rising health costs likely added to the inflationary impulse in the month, ANZ said. "We expect the Reserve Bank of India (RBI) to not react to this data point, but to monitor if it is sustained."
SYDNEY -- Businesses across Australia are feeling the pinch following a full year of the Covid-19 pandemic, according to a report by credit insurer, Atradius. A Payment Practices Barometer survey of both large and small businesses shows dramatic changes in B2B customer payment behaviour.
SINGAPORE -- Asia-Pacific's recovery is mostly on track, with early stumbles during the vaccine rollout giving way to redoubled efforts to vaccinate and open up, according to a report published today by ratings agency Standard and Poors, titled "Asia-Pacific's Recovery Regains Its Footing."