Archive for February, 2012

Investment and Political Risks Spur Capital Outflow from Russia

Russia Data Talk: According to preliminary Balance of Payments data, the Russian private sector’s net capital outflow reached USD 84.2 billion in 2011, versus USD 33.6 billion in 2010. Net capital outflows considerably exceeded official forecasts made in the middle of 2011. At that time Central Bank officials expected net capital outflows of USD 30–35 [...]

Emerging Markets Are On Demand; But Details Will Make The Difference

Database News @lert: Pension fund managers, like other investors, turned their faces toward the emerging markets as a way out of the sovereign debt crisis in the developed countries. But crowding into relatively small-sized markets poses new challenges for both investors and host markets. The swing in funds’ allocation particularly poses macro stability problems in [...]

Will India Exceed the Deficit Target for Fiscal Year 2012?

Data Talk India: India’s fiscal deficit has already reached 92.3% of the targeted budget in the first nine months of the current fiscal year ending in March 2012 (FY2012). As of December 2011, the amount of fiscal deficit has reached INR 3.81 trillion, an increase of 122% from the same period last year. The fiscal [...]

Real Wages in Sri Lanka

MACRO WATCH Asia: In the first six months of 2011, the real wages of the services and industry sectors grew substantially while real wages in the agriculture sector declined sharply after seeing record highs during 2010. The real wage index of services increased 11.6% in June 2011 to 57.8 points, up from 51.8 points the [...]

Rating Cut for New Zealand as Current Account Deficit Widens

MACRO WATCH Asia: New Zealand’s current account recorded a deficit of NZD 4.60 billion during the third quarter of 2011 or 4.3% of its gross domestic product. This corresponds to a seasonally adjusted current account deficit of NZD 2.71 billion during the same period, mainly due to a fall in the goods surplus, as weaker [...]

Evolution of the Korean Telecommunication Industry

MACRO WATCH Asia: Following the popularization of mobile phones in Korea’s mass market, the number of fixed telephone line subscribers has declined from approximately 23 million to 19 million users from 2002 to 2011. Meanwhile, the number of mobile phone subscribers increased to more than 52 million in the third quarter of 2011 compared to [...]

Is Tourism Indonesia’s Safety Belt?

MACRO WATCH Asia: Indonesia’s tourism sector is expected to serve as a ‘safety belt’ for the economy in the face of looming global economic slowdown. The tourism sector is generally less sensitive than other goods-related trade sectors during economic downturns. Foreign Visitors Arrival and Average Length of Stay Chart provided by: CEIC The industry has [...]

India: Hungry for Protein-Rich Diet

MACRO WATCH Asia: Price growth in India’s food commodities moderated in the middle of 2011, with Wholesale Price Index inflation declining to 8.54% in November 2011 compared to the 10% to 22% inflation observed during the June 2009–February 2011 period. Although prices have moderated in some food categories, prices for protein-rich foods continued to hover [...]

Rapid Increase of Hong Kong Non-Bank China Exposure

Database News@lert: The exposure of Hong Kong’s banking sector to non-bank entities in mainland China has expanded rapidly in recent years. The total amount of exposure mounted to HKD 2.20 trillion in the third quarter of 2011, more than double the HKD 973 billion during the third quarter of 2009. These exposures experienced double-digit growth [...]

High Foreign Demand Sustains Malaysia’s Palm Oil Sector

MACRO WATCH Asia: Malaysian palm oil export prices have risen steadily since the second quarter of 2010, although prices have moderated downwards by as much as 11.54% year-on-year as of December 2011, to MYR 3,2789 per tonne down from MYR 3,706/tonne a year earlier. Nevertheless, high production and export volumes have supported strong growth in [...]