India: Inflation Setback in June Pushes Out Prospect of Rate Cuts to Later in the Year
Headline CPI rose to 5.08%YoY in Jun'24 due to food inflation (9.36%YoY). Despite the high base from Jul-Aug'23, CPI inflation will be near 5%YoY...
174 Views
India: Mild Near-Term Negative for Stocks; Solidly Positive for Medium Term Growth
FY25 Budget advanced reforms, notably in fiscal consolidation, employment, farm productivity and rationalising LTCG. But the latter (and higher STT...
243 Views
Biden Leaves Presidential Race, Endorses VP Harris; Contest to Tighten if Dems Unite
President Biden drops out, endorses VP Harris as Dem nominee. Latest polls showed Harris less behind Trump. Harris (if nominated) likely to pick...
190 Views
Singapore: Signs of 'Dutch Disease' as Cyclical NODX Slumps Amid Property Surge
Productivity declined 1%YoY (avg) over last 8 quarters, as RGDP depended on 4.9%YoY employment growth. RGDP likely to grow 2% in 2024, reflecting...
336 Views
India: External Sector in Robust Health with Current Account Surplus Likely in FY25
India's current account swung to surplus in Q4FY24, with merchandise deficit offset by services & incomes surpluses, likely to continue in FY25...
236 Views