Banks, buy-side firms and corporates are facing increasing challenges to make investment and lending decisions in a complex and uncertain global macroeconomic environment. From geopolitical tensions, China’s economic transition, financial markets events to Brexit, US policies on regulation, tax, trade and more; this section will cover the latest global economic forecasts, as well as analysis on country risks and economic indicators for Asia financial markets.
In 2021 and 2022, economic growth will be linked to COVID-19 vaccination progress. Countries with low vaccination rates face increased risks from the Delta variant of the virus, adding to the urgency of stepping up international vaccination campaigns. In countries that can safely reopen, the resilience of spending on services will deliver robust economic growth.
The suppliers' delivery times index from IHS Markit's PMI business surveys captures the extent of supply chain delays in an economy, which in turn acts as a useful barometer of capacity constraints. The index therefore helps gauge the degree to which the current demand/supply environment is indicative of either a buyers'- or sellers'-market, and hence provides valuable information on developing inflation trends.
The au Jibun Bank Flash Japan Composite PMI, compiled by IHS Markit and published ahead of the final PMI results, indicated Japan's private sector shrank for a third straight month in July. The Flash Composite PMI Output Index slipped to 47.7 in July from 48.9 in June, indicating an increased rate of decline.
Rajiv previously worked as Director for South-East Asia for The
Economist Group. His previous experience includes working for UBS
as Executive Director for Asia-Pacific Country Risk and for the
Royal Bank of Scotland as an international economist. He has also
worked for an international organization, the Commonwealth
Secretariat, as a senior economist in the International Capital
Markets Department. Rajiv's experience also includes working as a
consultant for the United Nations and the Asian Development
Bank.Rajiv is a graduate of the London School of Economics, for the
B.Sc.Econ.Hons. in Economics, and received his M.Sc. and D.I.C.
from Imperial College at London University. Rajiv has published
widely on a range of economic, trade and investmentrelated topics,
with over 100 published articles. He frequently speaks at
international conferences on the global and Asia-Pacific economies,
including at World Economic Forum and Euromoney events as well as
at United Nations conferences. He regularly appears on
international TV programs, including for the BBC, CNBC, Bloomberg,
Channel News Asia, CNN and Al Jazeera TV.He is the author of "Future Asia", published by Palgrave
Macmillan in 2013, "Asian Megatrends" published by Palgrave
Macmillan in 2016 and "Emerging Markets Megatrends" published by
Springer/Palgrave Macmillan in 2018.