China: The slowdown continues>
China’s GDP growth came in below expectations in Q3, declining to +6% y/y from +6.2% in Q2.
Singapore: The L word
Singapore just avoided a full-fledged recession, since Q3 GDP growth was +0.6% q/q after a negative figure in Q2.
U.S.-China mini-deal: trade policy volatility is here to stay
The so-called “mini-deal” between the U.S. and China is not a game-changer for the global economy.
APAC: Accommodative monetary policies
The Reserve Bank of Australia (the central bank) lowered its key policy interest rate again by 25bp this week (after similar moves in June and July) to a record low of 0.75%, in a bid to boost the faltering economy.
Indonesia: Accommodative monetary policy to support growth
Last week, Bank Indonesia (BI, the central bank) cut its key policy interest rate by 25bp to 5.25% and announced a number of macroprudential lending rules to boost bank lending capacity and demand for new loans