Showing 1 - 10 of 13
News, Daniel Moss, Published on 21/08/2024
» Capital cities don't just happen. They develop slowly over decades, perhaps centuries, before resembling their creator's dream -- if they ever do. Indonesia is discovering such massive endeavours are hard work and prone to delays. Economics has an annoying habit of intruding.
News, Daniel Moss, Published on 27/06/2024
» There really is no such thing as a free lunch, even for an emerging market as successful as Indonesia. The incoming president, a former general, has talked boldly about turbo-charging growth and sounded dismissive about long-standing spending rules. If only he could just order investors around like a regiment.
News, Daniel Moss, Published on 06/06/2024
» It's hard to find a leader anywhere these days who will argue the case for faster inflation. Politicians would rather drink hemlock than call for a renewed acceleration; they are often too busy nodding sympathetically at what their opponents call a cost-of-living crisis. But there is a kingdom where calling for more elevated prices, sooner, isn't off limits. In fact, the government embraces the concept.
Oped, Daniel Moss, Published on 11/04/2024
» Thailand is racing to both revive -- and renovate -- the economy, bringing with it profound social changes. Infamous for its role in Asia's financial meltdown a generation ago, the country is today running headlong into a hurdle confronting the region: a dwindling and greying population.
News, Daniel Moss, Published on 28/03/2024
» Malaysia wants to be great again, at least in foreign exchange. The nation's currency recently approached a level seen as near-catastrophic during the Asian financial crisis of the late 1990s. Authorities insist the ringgit is way too cheap and blame forces outside the country, chiefly high interest rates in the US. The remedies are modest, compared with the shock therapy meted out a couple of decades ago.
News, Daniel Moss, Published on 15/02/2024
» By his own standards, Joko Widodo has fallen well short of a major economic goal during his decade leading Indonesia. Growth has been laudable in a neighbourhood where the pace of expansion is undergoing a long-term slowdown, but nowhere close to the outgoing president's lofty ambitions. That's a pity, because part of Mr Widodo's attraction as a candidate in 2014 was his image as a self-made businessman, an outsider who could nudge the country towards achieving its much-promoted potential.
News, Daniel Moss, Published on 19/01/2024
» From villains to heroes. If there's one theme that has dominated markets in the opening days of the year, it's been breathless speculation about which central bank will cut interest rates first and by how much: It's no longer if but when. There's little doubt that borrowing costs will be lower in many key economies well before the end of 2024. Even the notoriously hawkish Bundesbank is on board.
News, Daniel Moss, Published on 11/01/2024
» Pre-pandemic Australia looks like hallowed ground that the contemporary economy will struggle to surpass. For local officials who aspire to take a crack at emulating a celebrated decades-long expansion, it's important not to downgrade a vital component that's become radioactive: immigration. The country's politicians are showing a worrying lapse in memory.
News, Daniel Moss, Published on 17/10/2023
» To hear it from Singapore, the global economy is a glass half full. The central bank's latest assessment skips some of the pessimism that's been a feature of communications this year. If this hub for trade and capital is right, then the global expansion will live to fight another day.
News, Daniel Moss, Published on 07/03/2023
» Interest-rate pauses aren't exactly in trouble, but things are beginning to look awkward for officials eyeing a decent break. World growth isn't falling off a cliff and inflation has failed to ease up quite as expected in some big economies. The more fortitude the expansion shows, the greater the risk of a policy mistake. At least last year, the direction of policy was abundantly clear.