Category: International Trade
Asia International Trade
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Editorial: Sri Lanka’s apparel industry—a silver lining in a dark cloud?
... fuel and food. On July 13, 2022, it was reported that the then president of Sri Lanka, Gotabaya Rajapaksa, had fled the country following angry protests in the streets of Colombo and he later resigned. ... Read More
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Prospects for the textile and clothing industry in Sri Lanka, 2022
... of Sri Lanka's total exports in 2021, and the industry provided direct employment for about 350,000 people and indirect employment for about 1.0 mn people in support activities. However, these encouraging numbers mask marked differences ... Read More
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Hong Kong In-depth PESTLE Insights
... support trend analysis. Synopsis Understand the political system in Hong Kong through analysis of key figures in the country and governance indicators. Understand the economic situation in Hong Kong through a balanced assessment of core ... Read More
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Macro - Country Economic Forecasts - South Korea
... outlook and see South Korea's GDP growing 2.5% in 2022 and 2.4% in 2023. Key downside risks will stem from worsening repercussions of the war in Ukraine and US interest rate expectations moving even higher. Read More
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Macro - Country Economic Forecasts - Turkey
... 0.9ppts higher than a month ago. However, the surge in inflation is swiftly eroding purchasing power and weighing on consumer demand, as seen in recent high-frequency data, including the PMI survey, and we think the ... Read More
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Macro - Country Economic Forecasts - Singapore
... recovery. But with another upward revision to our global oil price and inflation forecasts, we have turned more cautious on the consumption outlook going forward. At the same time, a weaker external environment has pulled ... Read More
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Analysis by Region - Asia Pacific - Japan
... in China's growth outlook in the near term and weak Q1 growth. Lockdowns in China will weigh on Japan's rebound from a dip in Q1 via weak export demand and a resurgence in supply-chain disruptions. Read More
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Analysis by Region - Emerging Markets - Philippines
... above-trend quarterly outcome. However, while we expect domestic demand momentum will remain firm, we see growth moderating as higher inflation continues to squeeze real incomes. Externally, weaker growth in China will also dampen growth in ... Read More
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Macro - Country Economic Forecasts - China
... H2, bolstered by policy stimulus. But we believe risks to our outlook are tilted to the downside, as the effectiveness of policy stimulus will largely depend on the scale of future Covid outbreaks and restrictions. Read More
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Analysis by Region - Asia Pacific
... of growth. But we have lowered our 2022 GDP growth forecast by 0.4ppt to 4.4% following downgrades to our China GDP forecast, as lockdowns are adding pressure to strained global supply chains, notably in Thailand's ... Read More
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Analysis by Region - Asia Pacific - Malaysia
... domestic demand. Boosted by stronger tourism following the reopening of borders on 1 April, we expect services to offset a moderation in manufacturing and exports growth, due to the fallout from Russia’s invasion of Ukraine ... Read More
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Macro - Country Economic Forecasts - India
... inflationary pressures, less accommodative monetary conditions, and the significant deterioration in China's economic outlook. In addition to worsening global stagflationary stresses, China's lockdowns will likely have a direct negative impact on India's manufacturing given that ... Read More
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Macro - Country Economic Forecasts - Hong Kong SAR
... worse-than-expected GDP contraction of 3% q/q in Q1 and the downgrade to our China GDP growth forecast. But we expect stronger growth of 4.6% in 2023, as the city reopens and the domestic environment improves. Read More
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Macro - Country Economic Forecasts - South Korea
... 0.3ppts to 2.5% in 2022 and 0.4ppts to 2.4% in 2023. These downward revisions reflect downgrades in our China GDP growth forecasts, worsening of global supply-chain disruptions, and impact on domestic demand of higher-than-expected inflation. Read More
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Macro - Country Economic Forecasts - Turkey
... the steepest fall in real incomes since 2009, which, coupled with deteriorating sentiment, will increasingly weigh on domestic demand. Meanwhile, the positive contribution from net exports is set to moderate, despite still resilient export performance. Read More
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Analysis by Region - Asia Pacific
... this year and next, even though we expect higher inflation and business costs to dampen the recovery somewhat. The recovery in tourism over the next two years will further boost growth. However, the downside risks ... Read More
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The Future of Emerging Asia
... has slowed down as the economies transform and mature. By 2040, emerging Asia will account for almost a third of global GDP and more than a quarter of consumer spending, highlighting huge opportunities for business ... Read More
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World Textile and Apparel Trade and Production Trends: South-East Asia, May 2022
... Cambodia, Indonesia, Malaysia, Myanmar, Thailand and Vietnam. The report includes information on: clothing retail sales; exports by product type and destination; and production. Also, it provides analyses of developments in the South-East Asia region and ... Read More
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Macro - Country Economic Forecasts - Philippines
... which will worsen supply chain disruptions. This will further dampen foreign trade prospects amid the ongoing fallout from the Russia-Ukraine war. Partly offsetting the more cautious outlook for trade is the recovery in domestic demand. ... Read More
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Macro - Country Economic Forecasts - Taiwan
... increased by 3.06% y/y in Q1 2022, bolstered by growth in gross capital formation and exports. We maintain a relatively conservative outlook and see GDP growing 2.7% in 2022 given that downside risks are considerable. Read More
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Analysis by Region - Europe - Russia
... in Q1, this mainly reflects buoyant growth in January-February, before Russia's invasion of Ukraine. Having already banned coal imports, the EU is currently considering further sanctions to restrict oil and gas imports from Russia, which ... Read More
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Analysis by Region - Asia Pacific - Japan
... a weaker-than-thought Q1, higher commodity prices, and a poorer yen projection for the rest of the year. Higher import prices will dampen the real earnings of households and corporates by deteriorating the terms of trade. Read More
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Analysis by Region - Asia Pacific - Malaysia
... Covid lockdowns in China. We still expect the end of coronavirus pandemic-related restrictions, the reopening of borders, and fiscal stimulus will underpin a strong recovery in domestic demand. As the gap between the recoveries in ... Read More
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Macro - Country Economic Forecasts - Singapore
... Domestically, a significant easing of Covid-related restrictions will boost private consumption and tourism from Q2 forward. But with a weak external environment, rising price pressures, and a hawkish central bank, downside risks to growth persist. Read More
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Macro - Country Economic Forecasts - China
... somewhat after a sharp slowdown in early April, we think the economic disruption will last into May – if not longer. Meanwhile, repercussions from the Russia-Ukraine war will weigh on China's external demand. We expect ... Read More