China’s economic growth story has rapidly turned from one underpinned by productivity gains to one engineered by inflationary policies, and the quality of growth has suffered considerably as a result. Several years of poor capital allocation will have to be unwound eventually, and with the global economy stuttering in the second half of 2011, Rahul… [Read more]
Heavy flooding in Queensland has affected an area the size of France and Germany combined, disrupting agricultural and mining activities. Speaking from BMI’s Asia headquarters in Singapore, Head of Asia Research Rahul Ghosh, Head of Asia Country Risk & Financial Markets Stuart Allsopp, and Australia Analyst Kelvin Tan talk about the economic and financial market… [Read more]
On this week’s Business Monitor Podcast, we explore key themes in political risk. Thus far, the global financial crisis has arguably had only a limited impact on political stability. That said, BMI’s Head of Political Risk Analysis Yoel Sano cautions that fiscal austerity and inflation remain key risks in developed states and emerging markets respectively,… [Read more]
Facing a double-whammy of a credit-fuelled housing bubble and a slowdown in Chinese economic activity, the outlook for Australia’s economy is turning increasingly precarious. While consensus continues to point towards further monetary tightening by the Reserve Bank of Australia, Business Monitor’s Head of Asia analysis, Stuart Allsopp, believes that further interest rate hikes are unlikely…. [Read more]
On this week’s Business Monitor Podcast, Head of Country Risk & Financial Markets Justin Patrie, Chief Economist Tim Cooper and Head of Asia Analysis Stuart Allsop discuss the global strategic outlook. The market sell-off catalysed by the German ban on naked short selling has reinforced BMI’s core views including deflation over inflation, a slowdown in… [Read more]
BMI‘s Infrastructure team has identified Australia as our favourite developed market, and here are the crucial reasons why I like Australia. Sophisticated Project Finance operations: Australia comes top in BMI’s global Project Finance Ratings. The country was one of the first to embark on the public private partnership (PPP) scheme using private funding to develop… [Read more]
While I had not been pencilling in another interest rate hike this year, the Reserve Bank Of Australia (RBA)’s decision to raise its policy rate by 25 basis points (bps) for a third consecutive month to 3.75% on Tuesday was not wholly unexpected. Indeed, Business Monitor Online stated on November 30 that the risks were… [Read more]
