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What to Watch at Boao, Fed Evokes 1998, Korea Shortfall: Eco Day
What to Watch at Boao, Fed Evokes 1998, Korea Shortfall: Eco Day
26 Mar 2019, 01:10 PM IST
(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- The Boao Forum for Asia this week provides a yardstick to measure China’s progress in implementing President Xi Jinping’s promises to open the nation’s economy more to outsiders
- Meantime, there’s growing evidence that China’s efforts to make the yuan more market-oriented are gathering momentum
- The Federal Reserve is getting monetary policy “about right” after pivoting in recent weeks to a decidedly more dovish posture, say a plurality of economists surveyed by Bloomberg
- For Chicago Fed President Charles Evans, the U.S. central bank’s wait-and-see mode recalls the Asian financial crisis of 1998
- Weakness in income outside of wages helps explain a disconnect between Australia’s robust jobs market and slowing economy, said a senior central bank official
- South Korean President Moon Jae-in must boost government spending by about $9 billion more than originally planned this year if he wants to meet his economic growth forecast
- Indonesia’s economy, the biggest in Southeast Asia, is getting a boost from an election campaign that’s kicking into high gear
To contact the reporter on this story: Chris Bourke in Sydney at cbourke4@bloomberg.net
To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Michael Heath
©2019 Bloomberg L.P.
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