The latest Asian Economics Quarterly is out and the good news? The inflation bubble is starting to deflate.
The less good news?
- Exports are languishing once more, partly due to an underwhelming reopening in China.
- As Chinese producers sit on considerable spare capacity, goods price disinflation will only intensify – everywhere.
- Rising global funding costs, driven by the Fed’s quest to quell US inflation, are cutting into capital spending in much of Asia, too.
But will any of these concerns knock Asia off track?
Clients of HSBC Global Research can find out by reading our latest Asian Economics Quarterly from this link
Frederic Neumann
Chief Asia Economist, Co-head Global Research Asia, MD at HSBCChief Asia Economist, Co-head Global Research Asia, MD at HSBC
