Global markets rebounded, with volatility continuing to recede going into March, attributable to growing optimism surrounding the U.S.–China trade deal. U.S. employment growth fell sharply in February, signaling a slowdown in economic activity in the first quarter.
While the Chinese economy has prospered with per capita income increasing by almost 60 folds over the past 40 years since the commencement of reforms and opening-up in 1978, income disparities among different regions have also become more stark.
AMRO Director Dr Junhong Chang (fourth from left) and Chief Economist Dr Hoe Ee Khor (third from left) and the Lao PDR team pose with H.E. Deputy Prime Minister, Minister of Finance Mr. Somdy Douangdy (center) and LMOF staff after the courtesy meeting.
The Japanese economy continues to grow above its potential, while quarterly GDP fluctuated widely in the first three quarters of 2018.
The Japanese economy is expected to maintain moderate growth around its potential amid headwinds from global trade conflicts and domestic structural challenges, according to the 2018 Annual Consultation Report on Japan published by the ASEAN+3 Macroeconomic Research Office (AMRO) today.
As expected, the Fed decided to keep its policy rate on hold (at 2.25–2.5 percent) at the January 30 Federal Open Market Committee meeting and has also signaled that it will pause interest rate hikes and be flexible in normalizing its balance sheet as it seeks to ensure maximum employment and price stability.
The Chinese economy continues its moderating trend and growth is expected to moderate further to 6.2 percent in 2019 from 6.6 percent in 2018 due to structural adjustment, deleveraging, and headwinds from the trade war with the U.S.
The Chinese economy continues its moderating trend and growth is expected to moderate further to 6.2 percent in 2019 from 6.6 percent in 2018 due to structural adjustment, deleveraging, and headwinds from the trade war with the U.S. The U.S.-China trade war has become one of the major risks for the Chinese economy, putting downward pressures on confidence, exports, and growth.
Since AMRO’s last annual consultation report, the Philippine economy has been facing strong headwinds.
In 2018, despite growing macroeconomic imbalance amid intensified external shocks, the Philippine economy managed to register robust growth.
