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Economy / South Korea
Although there is a growing body of evidence to suggest that South Korea is now beyond the worst of the economic downturn, we reiterate previous warnings about the slow, and somewhat uneven nature of the recovery. The main question marks, in our view, are the still-uncertain state of global demand (exports accounted for 63% of GDP in 2008), and the recovery of domestic consumption,...
2009-07-02Economy / North Korea
BMI View: North Korea's economy grew by an impressive 3.7% in 2008, due to 'one-off' factors, but this success is unlikely to be repeated in 2009, due to the severity of the global...
2009-06-29Economy / Japan
BMI View: Japan is likely to accelerate some of its military programmes following North Korea's increasingly aggressive moves of late. However, Japan's severe recession and shrinking...
2009-06-05Economy / India
India posted growth of 5.8% y-o-y in both Q408 and Q109, which brought full-year growth in FY2008/09 (April-March) to 6.7%, the weakest reading since FY2002/03, but still to be considered relatively healthy in the current environment. We now acknowledge upside risks to our 5.0% GDP growth forecast for FY2009/10 due to expectations of a more conducive government policy improving...
2009-06-24Economy / India
The Lok Sabha (lower house) on June 3 unanimously elected Meira Kumar as the country's first woman speaker. Kumar is also a member of the dalit caste, or 'untouchables'. The appointment...
2009-06-05Economy / Bangladesh
BMI View: Having revised our real GDP growth forecast for FY2008/09 (July-June) down to 4.8% (from 5.5% previously) in early 2009, we continue to believe that this figure is well-balanced...
2009-06-05Economy / Vietnam
We maintain our 2.9% growth forecast for 2009 after GDP grew by an estimated 3.1% y-o-y in Q109 following a revised 6.2% expansion in 2008. While the economy is likely to continue to suffer, we caution that Q109 could have been the bottom of the current downturn as heavy monetary and fiscal stimulus measures are now gaining traction. Nonetheless, we expect the recovery to be very...
2009-06-24Economy / Vietnam
Deputy Foreign Minister Ho Xuan Son asked China on June 8 to stop preventing Vietnamese fishermen from doing their work in disputed parts of the South China Sea. Son claimed that...
2009-06-08Economy / Vietnam
We maintain our 2.9% growth forecast for 2009 after GDP grew by an estimated 3.1% y-o-y in Q109 following a revised 6.2% expansion in 2008. While the economy is likely to continue...
2009-06-08Economy / Philippines
We have lowered our 2009 GDP growth forecast from 2.8% to 0.9% after having made adjustments to our assumptions for capital investment and exports. We have also adjusted down our 2010 GDP growth forecast from 3.4% to 2.4%. Despite the lower growth projections, we still expect the Philippines to be a regional outperformer.
2009-06-24Economy / Indonesia
Navy chief of staff Admiral Tedjo Edhy Purdijatno announced on June 3 that the navy will request the Foreign Ministry to send a diplomatic note to Malaysia, protesting against the...
2009-06-05Economy / Singapore
On May 28, Prime Minister Lee Hsien Loong announced that the government will allow greater opposition representation in parliament. Historically, there have been no more than four...
2009-06-04
