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
Taiwan: Growth set to slow down after a strong Q2
The economy has surprised on the upside so far in 2019 as unexpectedly strong real exports and investment boosted GDP growth to +2.4% y/y in Q2, after +1.8% in Q1.
Q2 real GDP growth remained stable at +0.5% q/q. However, in y/y terms it fell to +1.4%, the slowest rate since Q3 2009, from +1.7% y/y in Q1 2019 and +2.7% in 2018 as a whole
India: Unexpectedly sharp slowdown
Real GDP growth dropped to a six-year low of +5% y/y in Q2 (April-June 2019), weighed down by a slump in manufacturing (+0.2%) and modest expansion in manufacturing (+2%).
Hong Kong: A trade hub feeling the pain of trade tensions
The economy expanded by just +0.6% y/y in Q1 and +0.5% in Q2 2019, a marked deceleration from growth of +3% in 2018 as a whole.