Most EM Central Banks in Asia Are Done With Hikes: Kuijs

The video discusses the unexpected trends in emerging markets (EMs) where, contrary to expectations, they are not adopting hawkish monetary policies. Instead, many Asian EMs have stopped hiking rates, with Vietnam even cutting rates. The discussion highlights the cautious macro policies of EMs during COVID-19, leading to stable economies post-pandemic. The video also covers inflation trends in Asia, noting that inflation is under control in most regions except Australia, New Zealand, and Japan. The Chinese economy is analyzed, showing a recovery that is not as robust as expected, with weak consumer confidence and a struggling housing market.

In what ways has consumer confidence impacted the recovery of the Chinese economy?

What are the implications of the housing market's performance on the overall economic recovery in China?