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☆ Policy continuity is key if India wants to see strong economic growth in the next 5 years, Nomura says
▼ + stars: | 2024-04-29 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Optimism in India's growth shows little signs of slowing, but policy continuity will be crucial if it wants to see strong growth in the next five years, Rob Subbaraman, Nomura's chief economist and head of global markets research Asia ex-Japan, said. India's elections are underway and Modi is widely expected to win a strong mandate for a third term in office. That projection is much higher than Nomura's growth outlook for China (3.9%), Singapore (2.5%) and South Korea (1.8%) in the same period. "With China's economy slowing, India is likely to be the fastest growing Asian economy this decade," Nomura said in a recent note. "Irrespective of the election outcome, policy continuity and a focus on macroeconomic stability are important growth underpinnings," the bank's analysts added.

Persons: Rob Subbaraman, Modi, Subbaraman, Nomura Organizations: Modi, CNBC, Bharatiya Janata Party Locations: Asia, Japan, China, Singapore, South Korea, India

☆ Nomura expects 4% GDP growth in China for 2024
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNomura expects 4% GDP growth in China for 2024Rob Subbaraman of Nomura shares his expectations on China's economic growth in 2024.

Persons: Rob Subbaraman, Nomura Organizations: Nomura Locations: China

☆ Nomura expects 'above consensus' 7.1% GDP growth in India in forth quarter of 2023
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNomura expects 'above consensus' 7.1% GDP growth in India in forth quarter of 2023Rob Subbaraman of Nomura says that India could be "on the cusp" of an investment boom which would lift the country's economic growth.

Persons: Rob Subbaraman, Nomura Organizations: Nomura Locations: India

☆ China's economic woes embolden calls for deeper reforms
▼ + stars: | 2023-09-21 | by ( Kevin Yao | ) www.reuters.com time to read: +6 min

Structural reforms with expansionary effects can also have immediate effects." TIGHTROPEDespite the heated debate, analysts expect Chinese leaders can walk a tightrope between stimulus and reforms. Rob Subbaraman, chief economist at Nomura, said short-term stimulus would spur growth but at the cost of worsening structural distortions. Meanwhile, structural reforms would bring short-term pain and take longer to boost activity, but produce higher quality, sustainable growth over time. "China needs both, whereas it is where it is now because historically it's relied more on policy stimulus than on the harder structural reforms," he said.

Persons: Tingshu Wang, Yu Yongding, Yu, Kristalina Georgieva, Liu Shijin, Liu, It's, Rob Subbaraman, Deng Xiaoping, Yi Xianrong, Kevin Yao, Sam Holmes Organizations: Central Business, REUTERS, Economic Work Conference, Reuters, International Monetary Fund, Fund, Nomura, Asian Development Bank, Qingdao University, Thomson Locations: Beijing, China, BEIJING, China's, United States

☆ Bank of Japan will likely abandon yield curve control in the first quarter of 2024: Nomura
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Japan will likely abandon yield curve control in the first quarter of 2024: NomuraRob Subbaraman of Nomura expects the Japanese yen to strengthen against the U.S. dollar in the medium term as the Bank of Japan embarks on the journey of monetary policy normalization.

Persons: Nomura Rob Subbaraman, Nomura Organizations: Email Bank of, U.S, Bank of Japan Locations: Email Bank of Japan

☆ Pent-up demand in China is 'nowhere near as big' as it was in the U.S., says Nomura
▼ + stars: | 2023-03-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPent-up demand in China is 'nowhere near as big' as it was in the U.S., says NomuraRob Subbaraman of the financial services firm says that's because there haven't been as much excess savings and as many government handouts.

☆ In our view, the U.S. is already in a recession: Nomura
▼ + stars: | 2023-01-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIn our view, the U.S. is already in a recession: NomuraRob Subbaraman of the financial services firm says the United States "probably went into recession in December."

[1/2] Banknotes of Chinese yuan and U.S. dollar are seen in this illustration picture taken September 29, 2022. Yet the euro was flat against the dollar at $1.048, after falling 0.2% in the previous session. In Asia, China's yuan firmed as the government announced measures that marked a sharp change to its tough, three-year-old zero-COVID policy that has battered its economy and sparked historic protests. "Anticipation of further easing of measures in China should continue to favour RMB (and) RMB-linked assets." "China's reopening will be bumpy in coming months and economic data will likely get worse before it gets better."

Organizaţia Mondială a Sănătăţii a avertizat că noul val de infectări este în creştere peste tot cu excepţia Europei, cu o explozie a numărului de cazuri în India, Argentina, Turcia şi Brazilia. Banca Mondială le-a avertizat chiar săptămâna aceasta că trebuie să se pregătească pentru posibilitatea ca recuperarea lor economică să încetinească. Peste 944 de milioane de vaccinuri au fost administrate în 170 de ţări, conform datelor colectate de Bloomberg - doze suficiente pentru 6,2% din populaţia globală. Nestle, cea mai mare companie alimentară din lume, a declarat că „este urgent nevoie să fie promovat accesul echitabil la vaccinuri, în special în ţările cu venituri mici”. Nestle, din Elveţia, a promis mai mult de 6 milioane de franci (6,6 milioane de dolari) pentru a ajuta la accelerarea livrărilor de vaccinuri către comunităţile defavorizate, mai scrie ZF.

Persons: Rob Subbaraman, deşi Organizations: Sănătăţii, Banca Mondială, Nomura Holdings Locations: Europei, India, Argentina, Turcia, Brazilia, SUA, Europa, israelian, Elveţia

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