India
India accelerates market and access reforms as foreign outflows test liquidity. Softer oil and stable yields support balance, while equities shift toward capital goods and banks under a steady rupee and contained inflation outlook.
Philippine
The Philippines doubles down on infrastructure and energy investment to anchor 2026 growth, while fiscal reforms aim to curb debt near 60 % of GDP. The challenge lies in executing projects swiftly without stoking inflation or crowding out private credit.
Australia
Stability language lowers disruption premia; exporters and services gain if capacity and permits follow. Watch ^AXJO, AUDUSD, DXY and bilateral capacity metrics into 1H26.
Vietnam
Vietnam’s export resilience continues despite global headwinds, as the government launches a new industrial master plan focused on electronics, green manufacturing, and logistics upgrades. Currency stability and foreign investment anchor growth heading into 2026.
Malaysia
Malaysia’s 2026 outlook blends cautious optimism with fiscal realism as the government curbs subsidies, trims deficits, and courts investment into semiconductors, renewables, and logistics. The challenge: sustaining growth momentum while meeting strict debt and inflation targets.
Singapore
Singapore trims 2025 GDP forecast to 2.1 %, citing weak electronics exports and slowing global trade. Policymakers pivot toward services digitalisation, AI integration, and regional infrastructure financing as the city-state redefines competitiveness beyond traditional manufacturing anchors.
Indonesia
Indonesia’s industrialisation push accelerates as the government deepens nickel downstreaming, attracting EV and battery investments from China and Korea. The policy strengthens exports and jobs but raises questions about environmental costs and long-term diversification capacity.
Thailand
Thailand’s exports surged at their fastest pace in over three years, led by autos, electronics, and processed foods. Strong U.S. demand and stable inflation lift 2025 growth prospects as the baht tracks tourism inflows and a steady global dollar.
Asia
Asian stocks rose as U.S.–China trade tension eased, lifting Japan and North Asia. Cyclicals led while defensives lagged. Oil softness and a stable dollar supported sentiment, though durability now hinges on real orders and export momentum.
India
India’s FY2025/26 growth forecast edges up to 6.7%, backed by resilient demand, PLI-led manufacturing, and easing inflation. Domestic savings offset capital outflows as yields stabilise, keeping India’s soft-landing narrative intact into 2026.
China
China’s industrial profits surged 21.6% in September, extending recovery as authorities cut excess capacity and cleared inventories. Stronger pricing, leaner costs, and policy support in autos and renewables signal firmer margins into early 2026.
Asia-Pacific
The IMF’s latest Asia-Pacific outlook shows resilient growth led by India and Southeast Asia, but warns of weakening exports, tighter liquidity, and rising geopolitical risk. Regional policy shifts now focus on inflation control, FX stability, and sustaining domestic investment momentum.