China's Export Disruption Is Causing Re-Shoring of Exports to TW, VN, PH, ID
China's industrial output declined 13.5% YoY in January-February 2020, retail sales declined by 20.5% YoY, and fixed asset investment (FAI)...
426 Views
India: Abundant Green Shoots of Recovery, but FY20 Fiscal Math Remains Challenging
The FY2019/20 fiscal targets will be missed by wide margins, but strategic sales (BPCL, SCI, Concor) will occur early in the next fiscal year. Net...
426 Views
RBI Too Cautious: Shrinking Twin Deficits Allow Room for More Aggressive Rate Cuts
The RBI cut its policy rate by just 25bp on Friday (October 4th), to 5.15%, bringing the total reduction this year to 135bp. We expect the policy...
633 Views
India: Reaganesque Tax Cuts Will Spur a Strong Economic Recovery
FM Nirmala Sitharaman announced a dramatic reduction in the corporate tax rate to 22% (from 30%) for any company willing to forego all exemptions....
656 Views
Fears of US-China Currency War and Flagging Global Growth Fuel Monetary Easing in EM
On 5 August, the Chinese currency finally broke the psychological threshold of 7 vs. USD. Later on the same day, the US State Department...
536 Views