Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

PK Basu has 34 years experience covering Asia's economies and markets (equities, fixed income and currencies), including 20 years covering the global economy. He was Chief Economist (SE Asia & India) at Credit Suisse First Boston for 5 years, and Chief Asia (x-Jpn) Economist at Daiwa Securities for a similar period. Among other roles, he was global head of research at Maybank Kim Eng, Malaysia equity research head and chief ASEAN economist at Macquarie, Chief Economist at ICICI Securities, ASEAN economist at UBS and the first chief economist at Khazanah Nasional (where he was co-head of research, and led all agri-business initiatives). PK Basu started his career in the Asia Service of WEFA (Wharton Econometrics) in Philadelphia in 1990, rising to be Director of their Asia Service in June 1994. 
PK's book, "Asia Reborn: A continent rises from the ravages of Colonialism and War to a New Dynamism" won the Tata Literature First Book Award (non-fiction) for 2018. It is the first single chronicle of the modern economic and political history of the whole of Asia (from Iraq and Turkey to Korea and Japan, and everything in between), told from an Asian perspective.

Chief Economist & Political Strategist

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REAL-Economics.com

Macroeconomics

China's FAI decelerated to 9.6%YoY growth for Jan-May 2016, suggesting a sharp moderation to 5.9% YoY growth for May 2016 alone. Industrial growth was unchanged at 6% YoY, driven primarily by strong consumption spending (retail sales were up 10%YoY) and public investment (which was all that buoyed FAI). The slowdown in FAI growth is potentially positive for China and the world, but is unlikely to last. <figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/009/168/original/Ch-FAI-IP.PNG?1465803380" class="editor-image img-responsive" data-smartkarma-image-id="9168"></figure><div class="content-remarks">Source: REAL-economics.com, based on data from CEIC </div>Capital outflows accelerated in May,…

China's FAI decelerated to 9.6%YoY growth for Jan-May 2016, suggesting a sharp moderation to 5.9% YoY growth for May 2016 alone. Industrial growth was unchanged at 6% YoY, driven primarily by strong consumption spending (retail sales were up 10%YoY) and public investment (which was all that buoyed FAI). The slowdown in FAI growth is potentially positive for China and the world, but is unlikely to last. Source: REAL-economics.com, based on data from CEIC Capital outflows accelerated in May,…

China: Slower FAI Growth Is Evidence of Rationality, but Will Not Last