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Economics and Macro Strategy
Group Research03 Apr 2020
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    Macro Insights Video

    Macro Strategy Daily

    Economics & Macro Strategy Flash

    Weekly (Chart of the Week (on Mondays); Weekly (on Fridays)

    Focus & Thematic 

    Rates

    Chartbook

     


    Video/Livestream/Podcast Series: DBS Macro Insights


    Date Report
    March 31, 2020 Kopi time with Taimur Baig podcast, E06: Simon Tay on Singapore, China, US, and Asean HTML
    March 30, 2020 (Livestream) Global shutdown and policy response HTML
    March 23, 2020 Kopi time with Taimur Baig podcast, E05: Mikkel Larsen on climate change and the tragedy of the commons HTML
    March 13, 2020 Kopi time with Taimur Baig podcast, E04: Dean Ho on AI to fight cancer and COVID-19 HTML
    March 6, 2020 Kopi time with Taimur Baig, E03: Angela Mancini from Control Risks on the intersection of political and business risks in Malaysia, Indonesia, China, and the US HTML
    March 2, 2020 (Liivestream) COVID-19 spillover HTML
    February 28, 2020 Kopi time with Taimur Baig, E02: Slava Shilin on learning Mandarin and humanising China HTML
    February 24, 2020 (Video) Climate mitigation: Evading the “too late, too costly” trap HTML
    February 24, 2020 Kopi time with Taimur Baig, E01: A podcast series. This week: Prof Bert Hofman on China with a focus on Covid-19 HTML
    January 31, 2020 (Livestream) Looking beyond Phase 1 HTML
    January 23, 2020 (Video) Ten Economics Themes for 2020 HTML
    December 5, 2019 (4-minute video) 2020 Outlook: Beyond Economics HTML
    December 2, 2019 (Livestream) 2020 Outlook: Beyond Economics HTML
    November 4, 2019 (Livestream) A Trough in the Making  HTML
    October 7, 2019 (Livestream) Recession worries and declining yields HTML
    October 7, 2019 (Video) Five reasons why trade wars matter to India HTML
    September 9, 2019 (Livestream) Living with Volatility HTML
    August 26, 2019 (Video) Will the Chinese Yuan weaken from 7 to 8  HTML
    August 7, 2019 (LIvestream) A Noisy Landscape HTML
    July 15, 2019 (Video) The Dark Matter of Trade HTML
    July 1, 2019 (Video) A Gathering of Doves HTML
    June 26, 2019 (Video) Vietnam, the Rising Star HTML
    June 14, 2019 (Video) Global macro risks HTML
    May 31, 2019 (Video) A Summer of Discontent HTML
    May 13, 2019 (Video) Our ETF Strategy  HTML
    May 6, 2019 (Video) Sing Dollar: What's it all about? HTML
    April 12, 2019 (Video) Our China outlook HTML
    April 4, 2019 (Video) From Trade War to Tech War English|Chinese MP4
    March 22, 2019 (Video) FOMC meeting and implication for assets HTML
    March 5, 2019 (Video) India’s economy and markets around elections HTML
    February 27, 2019 (Video) GDP Nowcasting (China, India, Singapore) HTML
    February 19, 2019 (Video) Singapore Budget 2019 HTML

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    Macro Strategy Daily

    Date Report
    April 3, 2020 Refinancing concern for Chinese USD bonds; Sharp expansion of Fed balance sheet HTML
    April 2, 2020 Nervousness returns to currencies; EU-wide measures in train HTML
    April 1, 2020 FX to consolidate in 2Q; 10Y bond yields still high in Asia HTML
    March 31, 2020 SGD outperformance; PBOC easing; Indian bonds HTML
    March 27, 2020 Softening USD and easing credit conditions provide relief to markets HTML
    March 26, 2020 SGD and pricing recession; persistently high USD funding costs  HTML
    March 25, 2020 Risk aversion eases a tad; examining SGD rates HTML
    March 24, 2020 Fed’s QE infinity; Financial conditions tighten in India  HTML
    March 20, 2020 Elevated USD funding and credit stress; some FX relief HTML
    March 19, 2020 RBA to join ECB, Fed on QE; Indian rates off highs on RBI support HTML
    March 18, 2020 A pause after frantic selling HTML
    March 17, 2020 Stresses in equities, credit, funding and USD HTML
    March 13, 2020 On market corrections and economic outlook HTML
    March 12, 2020 All the king’s horses and all the king’s men HTML
    March 11, 2020 UST curve bear steepens, low oil buoys INR bonds HTML
    March 10, 2020 Health check of FX, rates, and credit after a historic sell-off HTML
    March 6, 2020 USD and USD rates struggling with COVID fallout; No overt tightening in China credit HTML
    March 5, 2020 Improving outlook for Asia high-yielders HTML
    March 4, 2020 Emergency 50bps cut by Fed highlights growth risks HTML
    March 3, 2020 Macro Strategy: Opportunities in USD and SGD rates HTML

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    Economics & Macro Strategy Flash 


    Date Report
    March 30, 2020 SGD NEER policy - more neutral than weaker HTML|PDF
    March 30, 2020 Malaysia: Bold fiscal response to counter Covid-19 HTML|PDF
    March 27, 2020 India: RBI pulls all stops HTML|PDF
    March 27, 2020 Singapore: The government takes out big fiscal guns HTML|PDF
    March 24, 2020 Singapore: A deep recession HTML|PDF
    March 24, 2020 Fed introduces unprecedented credit measues HTML|PDF
    March 23, 2020 Japan, South Korea & Taiwan: Further GDP downgrade HTML|PDF
    March 23, 2020 Thailand: Dovish policy as growth risks mount HTML|PDF
    March 23, 2020 Rates: USD funding condition update HTML|PDF
    March 20, 2020 Weaker SGD NEER, volatile USD/SGD HTML|PDF
    March 19, 2020 Rates: Rethinking risk -free HTML|PDF
    March 17, 2020 Rates: USD funding stress; developments and outlook HTML|PDF
    March 17, 2020 South Korea: Another rate cut to go HTML|PDF
    March 17, 2020 Impact of low oil prices overwhelmed by volatility HTML|PDF
    March 16, 2020 Japan: BOJ expands risky asset purchases HTML|PDF
    March 16, 2020 India: Rising odds of policy support HTML|PDF
    March 13, 2020 Eurozone: ECB keeps its cool HTML|PDF
    March 10, 2020 Rates: COVID-19 and Asian rate cuts HTML|PDF
    March 10, 2020 Oil price: After the crash HTML|PDF
    March 4, 2020 Aftermath of the Fed rate cut; what will ECB do? HTML|PDF
    March 3, 2020 G20, not G7, to follow Asia in easing HTML|PDF
    March 3, 2020 MYR rates: Navigating monetary, fiscal and politics HTML|PDF
    March 3, 2020 Oil price outlook: China and OPEC dimensions HTML|PDF
    March 2, 2020 India's soft growth underscores need for easy policy HTML|PDF
    February 25, 2020 South Korea: COVID-19 outbreak worsens; stimulus on cards HTML|PDF
    February 25, 2020 Rates Dashboard: Growth risks amid COVID-19 spillover HTML|PDF
    February 25, 2020 India: Growth and inflation targetting review HTML|PDF
    February 20, 2020 China: LPR cut dlelivered; more in the pipeline HTML|PDF
    February 18, 2020 South Korea: Reassessing growth and policy outloom HTML|PDF
    February 17, 2020 Japan: On brink of technical recession HTML|PDF
    February 17, 2020 Thailand feels the heat from fresh headwinds HTML|PDF
    February 17, 2020 Singapore: 4Q19 GDP caps a tough 2019; 2020 to be the same HTML|PDF
    February 10, 2020 Rates: Coronavirus drives wave of Asian rate cuts HTML|PDF
    February 5, 2020 Hong Kong: A second year of recession HTML|PDF
    February 5, 2020 IDR rates: Resilient Govvies HTML|PDF
    January 17, 2020 China-US trade deal: Neutral impact on Taiwan HTML|PDF
    January 16, 2020 China: More PBOC cash injection ahead HTML|PDF
    January 15, 2020 Indonesia: Government bonds with high quality carry HTML|PDF
    January 14, 2020 SGD rates: Flush Liquidity HTML|PDF
    January 3, 2020 India: Banking on conducive global catalysts  HTML|PDF
    January 2, 2020 A better year ahead for Singapore despite ending 2019 on a dull note HTML|PDF
    December 20, 2019 India: RBI lends a hand to policy transmission HTML|PDF
    December 17, 2019 China: Some relief but challenges remain HTML|PDF
    December 13, 2019 India: Rising inflation to constrain policy room HTML|PDF
    November 26, 2019 Credit: China holds fast to its USD bond market HTML|PDF
    November 14, 2019 China: Sub-6% growth ahead HTML|PDF
    November 14, 2019 India: Dovish policy to stay the course HTML|PDF
    November 13, 2019 KRW Rates: Overshooting HTML|PDF
    November 4, 2019 Thailand: Eyes on BOT on sub-potential growth HTML|PDF
    November 2, 2019 Taiwan vs Hong Kong: outperformer vs underperformer HTML|PDF
    October 29, 2019 India: Personal income tax cuts likely in the pipeline HTML|PDF
    October 21, 2019 Notes from IMF Meetings: Settling for a low normal HTML|PDF
    October 17, 2019 Indonesia: Look beyond the deficit HTML|PDF
    October 16, 2019 South Korea: Quite possibly the last rate cut this year HTML|PDF
    October 15, 2019 China: Trade talks surprise but not trade data HTML|PDF
    October 14, 2019 Singapore averts a technical recession despite weak growth HTML|PDF
    October 14, 2019 Malaysia budget 2020: Walking the tight rope HTML|PDF
    October 4, 2019 Singapore: A gentler SGD slope in a tougher environment HTML|PDF
    October 1, 2019 India: How many policy rate cuts are left? HTML|PDF

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    Weekly


    Date Report
    March 30, 2020 Macro Insights Weekly: Funding the fight against Covid-19 HTML|PDF
    March 23, 2020 Macro Insights Weekly: Global shutdown and seismic policy response HTML|PDF
    March 16, 2020 Macro Insights Weekly: Do zero rates mean zero returns? HTML|PDF
    March 9, 2020 Macro Insights Weekly: Recession watch resumes HTML|PDF
    March 2, 2020 Macro Insights Weekly: Macro Insights Weekly: COVID-19 goes global HTML|PDF
    February 17, 2020 Macro Insights Weekly: Downgrades and downbeat sentiments HTML|PDF
    February 17, 2020 Macro Insights Weekly: Understanding markets' resilience to Covid-19 HTML|PDF
    February 10, 2020 Macro Insights Weekly: Pandemic fallout; growth downgrades; supply chain perspective; key events this week HTML|PDF
    February 3, 2020 Chart of the Week: Impact of SARS on the Chinese economy HTML|PDF
    January 31, 2020 DBS Monthly: Greed and fear HTML|PDF
    January 24, 2020 Weekly: Pandemic alert HTML|PDF
    January 21, 2020 Chart of the Week: The march of US renewable energy HTML|PDF
    January 17, 2020 Weekly: A zero-sum trade deal HTML|PDF
    January 13, 2020 Chart of the Week: Rising auto and credit card loan delinquencies in the US HTML|PDF
    January 10, 2020 Weekly: Playing with fire HTML|PDF
    January 6, 2020 Chart of the Week: Asia PMIs trough HTML|PDF
    December 16, 2019 Chart of the Week: Eye on China government bonds HTML|PDF
    December 13, 2019 Weekly: Breathing space HTML|PDF
    December 6, 2019 Weekly: Inflation not quite innocuous HTML|PDF
    November 22, 2019 Weekly: Asia’s softened property and equity markets HTML|PDF
    November 18, 2019 Chart of the Week: Asia's softened equity markets HTML|PDF
    November 15, 2019 Weekly: Asia’s softened property and equity markets HTML|PDF
    November 11, 2019 Chart of the Week: Asia's 2020 funding requirement HTML|PDF
    November 8, 2019 Weekly: Forecasting Asia's 2020 funding requirement HTML|PDF
    November 4, 2019 Chart of the Week: China-Vietnam trade diversion HTML|PDF
    November 1, 2019 Weekly: Orderly slowdown HTML|PDF
    October 29, 2019 Chart of the Week: China and India's rise in "Doing Business" survey HTML|PDF
    October 25, 2019 Monthly: Conditions for an improved EM outlook HTML|PDF
    October 21, 2019 Chart of the Week: China diversifies foreign reserves HTML|PDF
    October 18, 2019 Weekly: Watch out, inflation has bottomed HTML|PDF
    October 14, 2019 Chart of the Week: Asia’s policy rates versus the Fed HTML|PDF
    October 11, 2019 Weekly: Asia’s defensive game HTML|PDF
    October 7, 2019 Chart of the Week: Global nickel price and Indonesia HTML|PDF
    October 4, 2019 Weekly: Recession worries and declining rates HTML|PDF

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    Focus & Thematic


    Date Report
    March 31, 2020 South Korea & Taiwan: Assessing credit risks HTML|PDF
    March 26, 2020 Singapore: The government takes out big fiscal guns HTML|PDF
    March 26, 2020 India: Global risks meet domestic concerns HTML|PDF
    March 24, 2020 Understanding Hong Kong: In search of a policy antibiotic HTML|PDF
    March 19, 2020 Singapore: Heading for a recession HTML|PDF
    March 17, 2020 Understanding China: The COVID-19 is a stress test on Globalization HTML|PDF
    March 16, 2020 Fed and PBOC ease over the weekend; underscores severe ongoing economic slowdown HTML|PDF
    March 11, 2020 Macro risk dashboard: Downsides galore HTML|PDF
    March 10, 2020 China: Supply-induced inflation not a threat HTML|PDF
    March 10, 2020 ASEAN-6: Slower growth, market stress, and policy support HTML|PDF
    March 5, 2020 India: Assessing prospects of bond index inclusion HTML|PDF
    March 4, 2020 Coronavirus & supply chain: Electronics sector in focus HTML|PDF
    February 27, 2020 Varying impact of COVID-19 on China credit HTML|PDF
    February 26, 2020 FX: A tale of two halves on COVID-19 - Part 2 (Asia) HTML|PDF
    February 25, 2020 FX: A tale of two halves on COVID-19 - Part 1 (DM) HTML|PDF
    February 19, 2020 Singapore: A robust fiscal response HTML|PDF
    February 14, 2020 India: Modest impact from Covid-2019 HTML|PDF
    February 10, 2020 China: 2019-nCoV outbreak clouds trade outlook HTML|PDF
    February 7, 2020 Singapore: Pandemic, economics, markets HTML|PDF
    February 6, 2020 Impact of coronavirus on the region - a supply chain perspective HTML|PDF
    February 4, 2020 2019-nCoV outbreak: Policy implication and revised outlook for China HTML|PDF
    February 4, 2020 Singapore budget 2020: Robust response needed HTML|PDF
    February 3, 2020 Singapore budget 2020: Helping Singaporeans HTML|PDF
    February 1, 2020 India Budget: prodent counter-cyclical bent HTML|PDF
    January 31, 2020 DBS Monthly: Greed and fear HTML|PDF
    January 30, 2020 Singapore budget 2020: Support for companies HTML|PDF
    January 23, 2020 G3 rates outlook for 2020: Part 3 (Japan) HTML|PDF
    January 22, 2020 G3 rates outlook for 2020: Part 2 (Eurozone) HTML|PDF
    January 21, 2020 G3 rates outlook for 2020: Part 1 (US) HTML|PDF
    January 20, 2020 Ten Economics Themes for 2020 HTML|PDF
    January 20, 2020 China-US trade deal: Neutral impact on Taiwan HTML|PDF
    January 15, 2020 India Budget Preview: Loosening the purse HTML|PDF
    January 14, 2020 Thailand: Stabilisation at moderate levels HTML|PDF
    January 13, 2020 Top-10 macro investment strategies for 1H2020 HTML|PDF
    January 8, 2020 Currency fair values: What’s cheap and what’s DEER? HTML|PDF
    December 9, 2019 DBS Annual Chartbook: 2020 in 72 charts HTML|PDF
    December 2, 2019 DBS 2020 Outlook: Beyond Economics HTML|PDF
    November 26, 2019 India annual outlook 2020: Slow climb to recovery HTML|PDF
    November 20, 2019 Hong Kong: Challenges Galore HTML|PDF
    November 18, 2019 Singapore outlook 2020: Getting out of the woods HTML|PDF
    November 11, 2019 China 2020 - A Better Year Ahead HTML|PDF
    November 6, 2019 India: Growth to slow before turning the corner HTML|PDF
    October 25, 2019 Monthly: Conditions for an improved EM outlook HTML|PDF
    October 21, 2019 China: How far can consumption drive the economy? HTML|PDF
    October 9, 2019 RCEP & India: Weighing the benefits of regionalism HTML|PDF
    October 1, 2019 USD Rates: Implications of QE-lite HTML|PDF

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    Rates Dashboard


    Date Report
    March 23, 2020 SG

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    Chart Book


    Date Report
    March 3, 2020 China chartbook: How much the country has returned to work HTML|PDF
    February 18, 2020 China chartbook: Understanding the impact of COVID-19 in 10 charts HTML|PDF
    December 9, 2019 DBS Annual Chartbook: 2020 in 72 charts HTML|PDF
    Octobber 10, 2019 Eurozone chartbook: Slippery growth seeks fiscal support HTML|PDF
    September 23, 2019 Singapore chartbook: No technical recession but support is still warranted HTML|PDF
    September 10, 2019 South Korea chartbook: More stimulus needed, more coming HTML|PDF
    July 24, 2019 India chartbook: Holding out for a second half recovery HTML|PDF
    July 18, 2019 Hong Kong chartbook: Booming asset price despite economic slowdown HTML|PDF
    June 24, 2019 Malaysia Chartbook: Slow growth, weak inflation HTML|PDF
    June 17, 2019 Taiwan chart book – Trade war’s costs and silver lining HTML|PDF
    April 23, 2019 Thailand chart book: Slower growth, eye on election outcome HTML|PDF
    December 10, 2018 Annual Chartbook: 2019 in 64 charts HTML|PDF
    August 7, 2018 Indonesia chart book – Consumption trumps weak trade HTML|PDF

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