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Commercial property poses risks for narrow focus banks

Location:

EUROPE

Banks in larger EU states are heavily exposed to European and US CRE markets, which have further to fall in 2024. Writedowns are underway, dealing a blow to sentiment and harming…

Greater policy support will boost China's economy

Location:

CHINA

Retail sales accelerated in annual terms, as consumption continues to lead economic expansion. However, investment slowed and exports fell back deeper into contraction. The…

Economic woes will dampen investor confidence in Laos

Location:

LAOS

Issues such as soaring inflation, currency depreciation and debt repayment problems are having a major impact on the economy. The World Bank estimates that GDP grew by 3.7% in…

Israeli housing market downturn may damage growth

Location:

ISRAEL

Record high prices (founded in part on limited supply) and rising interest rates are weighing heavily on Israel’s housing market. Home sales fell by nearly two-thirds over the…

UK economy faces a shallow yet prolonged downturn

Location:

UNITED KINGDOM

The IMF forecast assumes UK interest rates peak at 6.0% (from 5.25% currently), and linger at 4.0-4.25% through to 2028. The IMF’s forecasts are similar to those of the Bank of…

Outlook is mixed for Indonesian economy

Location:

INDONESIA

A key driving factor was soaring government consumption ahead of the February general election, which included the race to succeed Joko ‘Jokowi’ Widodo as president, won by…

Cambodia’s Hun Manet will prioritise economy

Location:

CAMBODIA

The Cambodian People’s Party (CPP) -- led by former premier Hun Sen, Hun Manet’s father -- won 120 out of 125 seats in the National Assembly, the lower house, in last July’s…

Canada's economy likely to be central electoral issue

Location:

CANADA

The statement projects substantially higher deficits than previously forecast, together with slower reductions in debt. In terms of expenditure, the items on the Liberal…

China's consumption growth will slow

Location:

CHINA

Services including healthcare, entertainment and travel flourished while the share of housing in overall consumption fell, reflecting property-market troubles. Markedly lower…

Vietnam will likely miss 2023 GDP growth target

Location:

VIETNAM

GDP growth slowed to 3.3% year-on-year in the first quarter. The slowdown was mainly due to the decline in exports, with Vietnam’s top export markets -- the United States, the EU…