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Armstrong Economics

ASIA: India's economic growth in the March quarter reached 6.1%, according to government data. This growth was driven by increased government and private capital spending, although private consumption remained sluggish. India continues to be one of the fastest growing emerging economies, particularly as China's recovery falters. Despite the risks posed by a global slowdown, the
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Armstrong Economics

ASIA: Core consumer inflation in Tokyo, Japan's capital, slowed down in May. However, an important inflation index that excludes the impact of fuel reached a four-decade high, indicating increasing price pressure. This could potentially maintain expectations of a withdrawal from the current loose monetary policy. The Tokyo core consumer price index, which excludes volatile
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Armstrong Economics

ASIA: India's foreign exchange reserves experienced a continuous increase for the third week in a row, reaching $599.53 billion as of May 12. This level represents the highest amount since early June, according to the Reserve Bank of India's statistical supplement released on Friday. The reserves saw a rise of $3.55 b billion compared
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Armstrong Economics

ASIA: China's consumer inflation fell to an 18-month low, rising by 0.7% year-on-year in March, slower than the 1.0% gain in February, indicating weak demand. The producer price index fell 2.5% year-on-year, the fastest decline since June 2020, falling for the sixth consecutive month. Food price inflation, a key driver of CPI, slowed to
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