Good MornING Asia - 1 March 2018

Ignore China's weak PMI data; supply-side reforms support prospects of steady manufacturing and GDP growth in 2018. India's GDP growth returns to a 7-8% potential range. And strong fiscal spending in the Philippines sustains a robust growth outlook.

In this bundle

China

China PMI surprisingly low but don’t worry

Though China's manufacturing PMI looks alarming, almost at the 50 borderline, it is largely a holiday effect. We are positive for coming months'…

India

India: Economic growth returns to potential range

The latest GDP data may instil some confidence in the Indian rupee. But the worst isn’t over yet as downside risks to growth still persist while the…

Philippines

Philippines: Strong fiscal spending to continue

Fiscal spending has sustained double-digit growth over the past three years. GDP growth in 2018 should benefit from planned fiscal spending growth of…

Malaysia

Malaysia: 2018 shaping up to be a better year for inflation

Barring a political uncertainty, the Malaysian ringgit should remain among Asia’s top-performing currencies this year

Thailand: Slow growth, low inflation, rising political risk

We anticipate some re-pricing for political risk to weigh on THB performance going forward