Below is a list of our Emerging Asia Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep
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Moorthy Krshnan (Senior Asia Economist)
- In one line: Imported inflation puts pressure on commodity inflation.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- SG property prices remain high despite multiple rounds of cooling measures from the government...
- ... As market supply is still suffering from pandemic-era shortages and robust demand.
- The risk of additional measures remains elevated since price growth is likely to remain strong.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- In one line: Export-led manufacturing recovery powers investment growth.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- Q2 GDP growth in Taiwan surprised to the upside, coming in at 5.1%, after 6.6% in Q1...
- ...Benefiting from higher external demand for AI-related manufacturing and investment.
- We now expect stronger 2024 GDP growth, at 4.1%, compared to 3.7% previously.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- In one line: Stronger real wage growth supports pick up in June retail sales.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- Headline inflation in Singapore fell sharply in June, mainly benefiting from lower COE prices...
- ...But the stickiness of core inflation should keep the MAS from loosening policy for the rest of 2024.
- Taiwanese retail sales growth picked up in June, but weak real wage growth is clouding the H2 outlook.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- Malaysia’s advance GDP growth print for Q2 was much stronger than consensus, at 5.8%...
- ... As construction activity picked up and stronger external demand boosted manufacturing growth.
- We still see GDP growth in 2024 at 5.2%, higher than the government’s forecast of 4-to -5%.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
Base effects dominate Malaysian trade figures in June
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- Malaysian headline export growth slowed in June on weaker re-export and electronics growth…
- …Adverse base effects dominated the headline damage though, masking a monthly improvement.
- The electronics recovery and stronger commodities exports should support headline growth in H2.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- Non-oil domestic export growth in Singapore ended H2 on a disappointing note…
- …As electronics and non-monetary gold exports slumped, even as intermediate goods rose.
- Electronics exports look unlikely to regain May’s high, but H2 should still see a growth recovery.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
Improving external demand supports Singapore's consensus-beating Q2 GDP
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- Singapore’s Q2 GDP beat the consensus thanks to the recovery in goods-producing industries...
- ...Powered by an upswing in manufacturing and robust construction activity.
- We raise our 2024 GDP growth forecast to 2.7% from 2.4% previously, up from 1.1% in 2023.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- In one line: Optimistic on growth but increased uncertainty on inflation.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- BNM held its policy rate this month, as it waits to see the impact of the diesel-subsidy removal…
- …A relatively strong growth outlook is providing it with the bandwidth for a continued pause.
- Malaysian GDP growth likely improved to 4.8% year-over-year in Q2, from 4.2% in Q1.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- In one line: Blowing the consensus out of the water.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- In one line: Faster goods inflation pushes up the headline.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
