29 May 2023
International Economy
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27 Jan 2023
First FOMC meeting of 2023, January 31 – February 1. Fed may slow its policy rate hike by 0.25% amid easing inflation. However, future US policy rate will chiefly hinge on inflation and other economic data ... Read more
3 Apr 2020
The novel coronavirus or COVID-19 pandemic continues to grow in severity, with most parts of the world seeing no signs of easing or control of viral spread in the near future. The pandemic has plunged the world economy into a state of higher negative risk, as it enters a recession this year. Governments and central banks worldwide have issued stimulus packages - in the forms of monetary and fiscal measures - to mitigate the impact of the COVID-19 pandemic via massive amount of funds. Generally, fiscal measures accentuate reduction of household and business debt burdens as well as ensuring that households and businesses continues to generate income. On the other hand, monetary measures place emphasis on enhancing liquidity, including the launch of soft loan schemes and relief of debt burdens. ... Read more
9 Dec 2019
KResearch expects that the US Federal Open Market Committee (FOCM) will likely resolve to keep its policy rate unchanged pending an economic assessment while also unveiling its new economic growth and interest rate forecasts at the final meeting of 2019. We expect that the Fed may maintain its 2020 US economic growth forecast at approximately 1.8-2.1 percent, which would be at the same par as it did during the previous meeting and slightly lower than the figure projected for 2019. A significant change may not be seen in the Fed Funds rate for 2020. This means that the US policy rate may remain static over the next 1-3 months. The US economic data to be released in early 2020 will likely reflect whether the overall US economic performance is in unison with the forecast or not. This factor will likely dictate the Fed’s monetary policy stance, going forward.... Read more
7 May 2019
The trade talks between the US and China last week did not produce a satisfactory outcome either side. Moreover, the US President Donald Trump announced plans to further raise tariffs on USD200 billion of Chinese goods from 10 to 25 percent starting Friday, May 10. The latest move puts greater pressure on world trade and reflects Washington’s effort to force Beijing to pursue negotiation guidelines in order for both sides to reach a mutually-satisfying agreement and stop the trade war by the end of 2019.... Read more
7 Nov 2018
At present, the fast-paced business world is fuelled largely by digital disruption. The tourism and hospitality business is one of the industries that has experienced a rapid evolution in the past decade, with Online Travel Agencies (OTAs) emerging to become a force to be reckoned with. The OTA business is driven by key global players which are poised to increase their presence and attach greater importance to the Asian region. The evidence is the value of merger and acquisition deals by the two OTA juggernauts in the Asian region; it represents 41 percent of their global M&As worth THB440 billion. ... Read more
15 Aug 2018
In 2018, the Turkish economy is facing pressures from all sides amid risks threatening its economic stability such as the Federal Reserve interest rate hike, which accelerates fund outflows and continuously and quickly increases borrowing costs. An increasing oil price and weaker Turkish lira have caused Turkish inflation to surge. This latest crisis was triggered by intensified political tensions between the US and Turkey. Due to an anticipation of Washington’s harsh trade protective measures against Istanbul, investors have seemed to lose confidence in the Turkish economy, triggering the currency freefall.... Read more
23 Mar 2018
US President Donald Trump has signed an executive memorandum to slap tariffs worth USD60 billion on Chinese exports, reasoning that China has infringed on US intellectual property per Section 301 Anchorof the 1974 Trade Act. Although this round of trade measures is the most serious so far against foreign goods since the present US administration began its trade protection initiatives, the impact on Chinese exports is forecast to be limited, perhaps accounting for only 11 percent of their total exports to the US, currently valued overall at USD505 billion.... Read more