Quarterly Economic Update Reports

Asia Perspective’s Economic Update Report is issued up to four times per year and features recent developments and emerging trends within key Asian industries including: Automotive, Retail, Cleantech, Medtech, Metals & Mining as well as Manufacturing & Engineering.

2021

Economic Update Report Indonesia Q2 2021
Indonesia’s economy recorded the strongest growth in more than a decade in Q2
In the second quarter of the year, Indonesia pulled out of the COVID driven recession, and recorded its strongest quarterly growth rate in 17 ...
Economic Update Report Vietnam Q2 2021
Vietnam’s GDP increased by 6.61%% in Q2 2021, indicating the nation’s economic recovery
Despite the complications of the pandemic in the past few months, Vietnam’s economy witnessed a 6.61% GDP growth in the second quarter of 2021 ...
Economic Update Report China Q2 2021
China recorded a 7.9% GDP growth in Q2 2021, slightly short of a predicted 8.1% increase
With an economic growth powered by strong exports and industrial production, China logged a 7.9% GDP growth (YoY). During the first half of 2021, ...
Indonesia Economic Update Report
Indonesia experienced a 0.74% GDP decline in Q1 2021
This latest data is a part of a series of diminishing contractions since Q2 2020, implying that Indonesia’s economy is gradually bouncing back from ...
Vietnam Economic Update Report
Vietnam’s GDP grew by 4.48% in Q1 2021, underpinned by robust export
As the country gradually returns to normal conditions, Vietnam recorded a 4.48% GDP growth (YoY) in the first three months of 2021, slightly falling ...
China Economic Update Report Q1 2021
China’s consumption surges during 2021 Spring Festival
In a successful attempt to recover from previous year’s battle with COVID-19, China’s investments in economic activities resulted in a staggering 18.3% GDP growth ...

2020

Economic Update Report Q4 2020
Indonesia president Jokowi signs controversial bill to create one million jobs
Indonesia’s economic performance gradually recovered in Q4 2020, with contraction 2.07% (YoY). Compared to previous quarter, the contraction is a clear indication of economic ...
Economic Update Report Q4 2020
Vietnam’s economy accelerated in Q4 thanks to recovering manufacturing
With a drastic growth in manufacturing, Vietnam’s GDP rose by 4.48% (YoY) in Q4 2020, resulting in an annual GDP growth of 2.91% – ...
Economic Update Report Q4 2020
China’s luxury market booms despite COVID-19
As the world continues to battle COVID-19, China’s economy showed exceptional strength in Q4 2020, even surpassing last year’s figure of the same quarter ...
Indonesia’s economy shows strengthening signs despite economic contraction in Q3
Indonesia’s economy shows strengthening signs despite economic contraction in Q3
The Indonesian economy showed signs of recovery from its deep shrinkage in the second quarter thanks to the government’s support programs. Download Economic Update ...
Vietnam Q3
Vietnam’s economy grows in Q3 2020 compared to previous year
Due to rising manufacturing and exports, Vietnam’s GDP expanded by 2.62% (YoY) in the third quarter of the year, making it the only country ...
China’s economic recovery gains more momentum in Q3 as it grows 4.9%
China’s economic recovery gains more momentum in Q3 as it grows 4.9%
China is striving to make its way out of the economic recession caused by the global Corona pandemic. For the second consecutive quarter, China’s ...
China’s economy shows signs of recovery as the GDP grows 3.2% in Q2
China’s economy shows signs of recovery as the GDP grows 3.2% in Q2
After the GDP contraction of 6.8% in the first quarter of 2020, China has strived to become the first major economy to achieve positive ...
Indonesia’s economy suffers sharp downturn in Q2 due to COVID-19
Indonesia’s economy suffers sharp downturn in Q2 due to COVID-19
In 2020 Q2, Indonesia witnessed its biggest economic contraction since the Asian financial crisis in 1998. Even though the COVID-19 situation is improving, it ...
Economic Update Report Q2 2020
Vietnam’s economy expanded slightly in Q2 2020 despite COVID-19 pandemic
Due to COVID-19 containment measures, such as social distancing and border closure, Vietnam’s economic expansion slowed down in Q2 2020, however still maintaining a ...
Economic Update Report Q1 2020
Indonesia’s first quarter sees weakest economic expansion since 2001
Due to the coronavirus outbreak, many economic activities have been put on hold in Indonesia, leading to a two-decade low economic expansion during the ...
Economic Update Report Q1 2020
China’s economy shrank by 6.8% in the first quarter as the country battled pandemic
Following the declining economic growth of 2019, China’s economy was heavily hit by the coronavirus pandemic in Q1 2020, resulting in an immense drop ...
Economic Update Report Q1 2020
Vietnam’s economic growth hits ten-year low after coronavirus outbreak
Unsurprisingly, the coronavirus had a heavy impact on Vietnam’s economic growth as the outbreak hurt key industries such as tourism and retail. Download Economic ...

2019

Economic Update Report Q4 2019
Indonesia’s economic expansion disappoints in Q4 2019 with growth rate hitting three-year low
In the last quarter of the year, Indonesia’s economic expansion came in weak, as the Q4 growth rate fell below the 5% mark for ...
China’s economy grew by 6.1% in 2019, the lowest annual growth rate in 29 years
China’s economy grew by 6.1% in 2019, the lowest annual growth rate in 29 years
In Q4, China’s economy saw its weakest growth in nearly three decades, as both the domestic and global demand remained low. However, at the ...
Vietnam's economy slowed in Q4 but maintained a 7% growth rate for the full year 2019
Vietnam’s economy slowed in Q4 but maintained a 7% growth rate for the full year 2019
Despite benefiting from the trade tensions between the US and China over the past year, Vietnam’s economy saw a slowdown in the last quarter ...
Economic Update Report Q3 2019
Indonesia’s growth was almost unchanged in the third quarter
The economic growth of Indonesia in the third quarter of 2019 rose by 5.02%, a minimum decrease from the 5.05% expansion in the second ...
Economic Update Report Q3 2019
China’s economy grows at its slowest rate in nearly three decades
As a consequence of cooling domestic demand and continuous tension of the U.S. – China trade war, China’s economy expanded at its slowest rate ...
Economic Update Report Q3 2019
Vietnam’s economy maintains high growth in the third quarter
The Vietnamese economy rose 7.31% in the third quarter YoY, manufacturing, and exports being the main drivers of the economic growth. Download Economic Update ...
Economic Update Report Q2 2019
China’s economy continues to face headwinds during the second quarter
The Chinese economy slowed to the weakest growth rate in 27 years. The real GDP slowed to 6.2% in the second quarter of 2019 ...
Economic Update Report Q1 2019
China’s Economic Growth in 2019 Q1 Beat Expectation
The Chinese economy continued to show no signs of a slowdown, despite of the ongoing trade war with the United States. GDP expanded 6.4% ...

2018

Economic Update Report Q4 2018
2018 China Summary
The year started with big ambitions to re-accelerate growth and mitigate the growing financial risk of debt. Instead, the entire year was dominated by ...
Economic Update Report Q3 2018
GDP growth at 6.5% and a booming service sector
At the end of last week, China’s National Bureau of Statistics released third-quarter GDP data amounting to a total of 23.2 trillion CNY following ...
Economic Update Report Q1 2018
China’s Gross Domestic Product (GDP) grows at 6.8% in Q1
The Chinese economy has displayed a solid start in the first quarter of 2018, with the Gross Domestic Product (GDP) reaching 19,878.3 billion CNY, ...

2017

Economic Update Report Q3 2017
Solid Economic Growth Figures as China’s GDP grew at 6.8 % in Q3
The Chinese economy grew 6.8 % in the third quarter of 2017 from a year earlier, a figure in line with forecasts. Download Economic ...
Economic Update Report Q2 2017
China’s Gross Domestic Product (GDP) grows at 6.9% in Q2
The Chinese economy continued to show strong growth figures also in the second quarter of 2017, matching the Gross Domestic Product (GDP) of 6.9 ...
Economic Update Report Q1 2017
Continuous strong growth during the first quarter of 2017
The Chinese economy grew with a Gross Domestic Product (GDP) of 6.9 % during the first quarter of 2017 according to official statistics, a ...

2016

Economic Update Report Q4 2016
Strengthened corporate prospects amidst global concerns
The World Bank recently revised its global economic forecast down to 2.4 % for 2016. The modification is due to slower growth in advanced ...
Economic Update Report Q3 2016
Recovering Manufacturing and Strong Retail Sales
During the last quarter, the global economy has continued on a path of moderate expansion, sporting a GDP growth of around 3%. Download Economic ...
Economic Update Report Q2 2016
Consistent but Moderate Growth
China’s economy is still on track with the government’s economic target of 6.5-6.7% growth in 2016 and an annual growth rate of 6.5% for ...
Economic Update Report Q1 2016
Optimism in the Chinese Economy
China´s GDP expansion of just 6,9% during 2015 might have been the lowest in over 25 years, but a series of indicators in the ...

2015

Economic Update Report Q4 2015
Continued rebalancing of the economy
China’s GDP growth moderated to a 6.7% year-on-year rate in the last quarter of 2015. That totals in a full year growth of just ...
Economic Update Report Q3 2015
Slowing growth and stimulus measures
China’s GDP growth slowed to a 6.9% year-on-year rate during the    third quarter of 2015. The noted growth rate beat most economists’ expectations but ...
Economic Update Report Q2 2015
Continued deceleration of the Chinese economy
China’s GDP growth slowed to a 7% year-on-year rate during both the first and second quarters of 2015, reaching a six year low. Despite ...
Economic Update Report Q1 2015
Weak growth in 2014 and challenges to come in 2015
China’s GDP growth rate in the fourth quarter was 7.3%, maintaining the same growth as in the third quarter. The total growth rate throughout ...

2014

Economic Update Report Q4 2014
Third quarter growth reflects a slowdown in the Chinese economy
China’s GDP grew by 7.3% year-on-year in the third quarter, decreasing 0.2 percent compared to the second quarter. This is the weakest growth since ...
Economic Update Report Q3 2014
Picked up momentum in the second quarter
China’s economy was steaming ahead in the second quarter, growing 7.5% after a slowdown earlier in the year. Because the government has been announcing ...
Economic Update Report Q2 2014
Slowdown continues, but remains manageable (for now)
China’s first quarter GDP growth rate was 7.4%, representing the slowest growth since third quarter of 2012, and down 30 basis points compared to ...
Economic Update Report Q1 2014
Weak growth performance but the outlook for 2014 is stable
China’s economic growth rate for 2013 was slightly above market expectations, landing at 7.7%. And while this was 0.1 percentage points from being the ...
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