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Asia Week Ahead: Thai economy preps for weakness | Webmarked News

Asia Week Ahead: Thai economy preps for weakness

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EDITORS’ NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIALS (SOUNDBITE) (English) REUTERS REPORTER, TARA JOSEPH, SAYING: “A big bag of data plus earnings across the region will keep investors busy in

Asia Week Ahead: Thai economy preps for weakness

EDITORS’ NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIALS

(SOUNDBITE) (English) REUTERS REPORTER, TARA JOSEPH, SAYING:

“A big bag of data plus earnings across the region will keep investors busy in the coming week.”

On Monday (May 18), China posts closely watched home price data, revealing the average new housing prices for 70 major cities.

Recent figures have shown an overall weakening trend with growth in this key sector of the economy at its lowest levels in more than half a decade.

Also on Monday (May 18), Thailand posts first quarter economic growth figures along with economic forecasts.

Analysts expect weak numbers after political unrest knocked the economy a year ago.

Since then, both exports and domestic demand have struggled to recover.

Thailand is now actively spending on infrastructure projects to try and re-boot growth.

On Tuesday (May 19), India’s Tata Motors is expected to unveil the new GENX Nano car, a redesigned version of the current Nano model.

Now, you may remember that the Nano was launched as the world’s cheapest car around seven years ago.

The company is working to change the image associated with the car to make it feel more urban chic than cheap.

The world’s biggest PC maker Lenovo is expected to unveil strong earnings for its full financial year.

Analysts say Lenovo widened its lead in PC shipments globally despite signs that the overall industry is shrinking.

And on Friday (May 22) – watch out for the Bank of Japan’s latest decision on interest rates at the end of a two-day policy meeting.

The bank has kept rates steady since expanding stimulus measures last October yet some members of the policy board are concerned that consumption remains weak among both consumers and businesses.

ENDS

Tags : weakness, Preps, Economy, Thai, ahead, week, asia

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