ANZ's Tan on S. Korea GDP, Indonesia Rates

The transcript discusses economic trends in South Korea, Indonesia, and Thailand, focusing on growth, exports, and monetary policies. It highlights the Bank of Korea's stance on interest rates amid sluggish growth and high inflation. Indonesia's economic conditions are examined, noting benign inflation but challenging external conditions. The impact of a Chinese slowdown on Southeast Asia, particularly Thailand's tourism and budget, is also explored.

What was the primary reason for the economic pickup in Q2?

• Increase in domestic consumption

• Rise in government spending

• Growth in the technology sector

• Sharper fall in imports relative to exports

What is a major factor affecting the near-term economic outlook?

• High employment rates

• Weak external demand

• Strong domestic demand

• Stable currency exchange rates

Why is the Bank of Korea hesitant to switch to an easing pivot?

• High domestic inflation and external considerations

• Strong economic growth

• Low unemployment rates

• Stable housing market

What is the current focus of the Bank of Indonesia's policy?

• Maintaining rupiah stability

• Reducing inflation

• Boosting foreign investments

• Increasing interest rates

How has Indonesia's trade situation changed recently?

• Benefited from increased technology exports

• Remained stable with no significant changes

• Deteriorated as commodity prices have receded

• Improved due to rising commodity prices

What was Thailand expected to benefit from after China's reopening?

• Increased agricultural exports

• Manufacturing sector growth

• Higher technology investments

• Tourism through Chinese tourist arrivals

What is a potential consequence of the political delay in Thailand?

• Increased foreign investments

• Delay in budget disbursement affecting new projects

• Improved business confidence

• Immediate economic growth