The Federal Reserve is widely expected to ease monetary policy for the first time in 2025 after data showed US jobs growth cooled notably in August and unemployment climbed to the highest since 2021.
A Citibank analysis of global financial conditions shows Asian financial markets have tightened less than in the US and most Asian currencies have gained ground against the US dollar
“Foreign investors have pulled an estimated USD 26 billion out of developing Asian economies and more than USD16 billion out of India, increasing concerns of a major economic recession in Asia,” independent Congressional Research Center said in its latest report on global economic effects of COVID-19.
"Clearly, this is a serious challenge for the whole global economy, especially for the dynamic growth of the Asia-Pacific region," he said.
That's a weak showing compared to President Xi Jinping's 2014 promise to spend $20 billion over five years in India, one of the fastest growing Asian economies.
Under the current proposals for the US border adjustment tax, exports will be exempted from the calculation of US corporate taxable incomes, while imports will be taxed.
The study 'Investing for the Climate in Asia' also found that financial intitutions need to do more before they can fully unlock this multi-trillion opoortunity.
Watch the interview of Kevin Sneader Chairman - Asia, McKinsey with Ronojoy Banerjee on CNBC-TV18, in which he shared his views on the International Monetary Fund's recently released report, where it expects Asian economies to fuel global growth despite being weighed down by a slowdown in China.
Measures taken by the company like paying off debt, reducing energy costs and working costs, have helped the fine chemicals company to post strong numbers in Q4 of FY16, says R Parthasarathy, MD of Thirumalai Chemicals.
Regional growth is forecast to slow from 6.5 percent in 2015 to 6.3 percent this year and 6.2 percent in 2017 and 2018, the bank said in its latest outlook.
Most Asian economies import crude oil and a lower purchase bill should therefore give a boost to the spending power of consumers, governments and companies, but "it ain't as easy as that", the HSBC Research report said.
Currency valuations and the authorities' active presence to contain rupee volatility likely influenced the pace of reserve accumulation, DBS Bank said in its today's report on Asian economies.
APEC is a platform for 21 Pacific Rim member economies (lands around the rim of the Pacific Ocean) that promotes free trade throughout the Asia-Pacific region.
Modi said, "India is a land of possibilities with excellent human resources and a technological base and Japan has been there at every turning point. The growth in Index of Industrial Production (IIP) numbers reflects that India is a country of opportunities."
The focus of the visit will be on forging greater synergies between two major Asian economies and take forward the special strategic ties.
Vast stockpiles and refinery shut downs only served to increase the glut concerns and, as the price continues to fall, emerging market economics particularly sensitive to the commodity are coming under pressure.
Amitabh Kant said. "You never make goods only for domestic market. No manufacturer across the world does only for the domestic market. You do it initially but then you expand, you grow and penetrate global markets and thats what a true businessmen is supposed to do," he added.
Several Asian economies will be on GDP-watch this week, including India, the Philippines, Taiwan and Singapore.
Economists worry that the elderly population in Japan may be facing difficulties with inflation being a threat in the light of the pension system‘s low generosity.
During the Iraq war, interest rates were falling and the markets rebounded almost as soon as the war started. As far as India goes, Sunil Garg feels rupee right now is undervalued. But rising oil prices and risks to portfolio outflows could lead to further depreciation.
Central banks in Europe and Japan are on a path of substantial monetary easing, which may counter the Fed effect.
The world economy goes through a recession about every six years and the frequency of global recessions tends to rise when global indebtedness is high and falling compared with when indebtedness is low and rising, Pacific Investment Management Co (Pimco) said in a note published on its website late Tuesday.
Middle-income Asian economies enjoy better growth prospects than countries in other parts of the world but they must improve government institutions and liberalise rigid labour and product markets if they wish to reach the level of developed countries, the International Monetary Fund (IMF) said on Monday.
Asian economies have stumbled in recent months. High inventories, the lagged effects of tightening in China, and lackluster growth in the West have all taken their toll. Inflation, as a result, has slowed.
The Asian Development Bank (ADB) cut its growth forecasts for developing Asia on Thursday, saying financial and economic problems in Europe and the United States had cut demand for exports, although Southeast Asia remained a bright spot.