In today’s briefing:
- India Economics: Where Are Private Investments in the Growth Story?
- Great Game – What will Raisi’s death mean for Iran’s future and the Middle East?
- Singapore Politics: New Leadership Offers Measured Change
- CX Daily: China set to ease controls on genetic resources to plug biotech innovation gap
- UK: Wage Spikes Absorb Rate Hikes
India Economics: Where Are Private Investments in the Growth Story?
- The Indian economy’s stellar run has further to go, boosted by impressive improvements in infrastructure, financial inclusion and the ease of doing business.
- Private investment, however, has not played a major role, and a declining FDI share undermines the idea that India will be a big winner from supply chain diversification.
- Major barriers, both in terms of India’s economic foundations and policy direction, need to be overcome if India is to attract the capital formation needed to power further growth.
Great Game – What will Raisi’s death mean for Iran’s future and the Middle East?
- Welcome to this week’s Great Game after an eventful week in Geopolitics.
- This week we cover four topics: Iranian President Raisi dies in helicopter crash. Russia begins to make gains in Ukraine. Foiled coup in DR Congo. Israeli government coalition begins to crack
- Iranian President Ebrahim Raisi died in a helicopter crash in Northern Iran on Sunday
Singapore Politics: New Leadership Offers Measured Change
- Prime Minister Lawrence Wong enters office with a considerable amount of goodwill, but his in-tray will be full as the city-state enters a riskier global environment.
- His cabinet reshuffle and early policy signals suggest a cautious policy agenda but which would feature greater support for the left behind.
- Singapore is likely to continue playing a delicate balancing act between Washington and Beijing in foreign policy, while fortifying economic partnerships with its neighbours.
CX Daily: China set to ease controls on genetic resources to plug biotech innovation gap
- Genetic resources / Cover Story: China set to ease controls on genetic resources to plug biotech innovation gap
- Iran /: Xi offers his condolences after lran’s President dies in helicopter crash
- Corruption /: China’s minister of agriculture investigated for corruption
UK: Wage Spikes Absorb Rate Hikes
- Pass-through of past rate hikes will continue as households refinance their mortgages. Quoted rates have more than doubled, but monthly payments will only rise by 33-39%.
- Substantial wage increases fully offset the rise over 5yrs, preserving the same share of income servicing debt. Refinancing 2yr loans is painful but a relatively rare experience.
- We are not concerned about the marginal tightening, which will be less in 2024 than in 2023. The debt burden has inflated away, making higher rates sustainably affordable.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
