Asia’s export cycle is holding up strongly, says ANZ

October 17, 2017

MELBOURNE - In the second edition of its Asia Economic Outlook, ANZ Bank says what appears to be a remarkably resilient export cycle is unfolding on a regional level. “The upturn in the export cycle has lasted for much longer than we had initially anticipated, leading to an upgrade in our overall growth forecasts for some countries,” ANZ says.

“At the same time, domestic demand is yet to meaningfully stir up, implying that inflation should generally remain within official target bands. As a consequence, we have not made changes to our policy rate forecasts.  

“We continue to pencil in only moderate weakness in Asian currencies in the remainder of 2017 and into 2018.” www.live.anz.com (ATI).