Economic News Releases (2)

Economic NewsNarendra Modi , Prime Minister of India visited Japan recently and signed treaties with his Japanese counterpart. This contains data on international trade, foreign direct investment (FDI), commodity prices, economic trends, population and labour, external financial resources and maritime transport. If you don’t mind that this information comes courtesy of the CIA, this is a very useful site, giving a host of economic and other data, country-by-country. This is a new data service funded by the UK’s Economic and Social Research Council (ESRC).

It used the median of independent forecasts by external organisations that forecast Communities and Local Government house prices over the next two calendar years. It incorporates the former Economic and Social Data Service (ESDS) which gives access to a range of datasets from national and international organisations. RFE is part of AEAWeb – information for economists provided by the American Economic Association. This is a South African site with a large selection of South African economic data. Thailand’s economic confidence index for the month of September dropped for nine consecutive months to the lowest level in 16 months. Continued economic data that signals a slowdown could bring the markets lower (ie.Economic News

The Thai government rolled out another economic stimulus package to stimulate economic growth, recently forecasted as low as 2.5% for 2015. The World Bank has cut Thailand’s economic growth forecast for 2015 to 2.5% from 3.5%, the lowest in the East Asia and Pacific region. The Asian Development Bank has lowered its 2015 economic growth forecast for Thailand, in light of slowdown in the Chinese economy. Vietnam, the Philippines, Malaysia, Taiwan and Brunei also have territorial claims in the South China Sea.

Thailand’s central bank decided to again revise downward its economic growth projection for 2015 as a result of weaker-than-expected export performance and private spending. Southeast Asian nations have established a formal community that attempts to create freer movement of trade and capital in an area of 625 million people with a combined economic output of $2.6 trillion. But it is the economic community that offers the most concrete opportunities for integration in a region whose combined GDP would make it the world’s seventh-largest economy. That has prompted concerns in Washington and across the region that China is trying to militarise its claims in the South China Sea.

The countries aim to harmonise economic strategies, recognise each other’s professional qualifications, and consult more closely on macroeconomic and financial policies. At the summit in Kuala Lumpur,┬áLi Keqiang,┬áChina’s premier, called on the Southeast Asian nations to set aside their differences as tensions rise over the disputed South China Sea islands, the state news agency Xinhua said. China, which claims almost the entire energy-rich South China Sea, has been transforming reefs into artificial islands in the Spratly archipelago and building airfields and other facilities on some of them.

Economic News