Asian Ex-Japan GDP Growth Expected to Moderate in 2026 -- Market Talk

Dow Jones

Jan 19

0728 GMT - GDP growth across most Asian economies is likely to moderate in 2026, with Asia ex-Japan growth expected to slow to 4.5% from an estimated 4.9% in 2025, HSBC chief Asia economist Frederic Neumann says in his 2026 Asia outlook presentation. He attributes the slowdown to an incomplete rotation from external to domestic demand, with consumption unlikely to fully offset weaker U.S. and AI-related export growth. Monetary policy is set to diverge, with Australia, New Zealand and Japan expected to raise rates, while most other economies continue to ease amid subdued inflation. On currencies, HSBC favors the Chinese yuan, Indian rupee and Korean won, all of which are expected to appreciate, head of Asia FX research Joey Chew adds. (jason.chau@wsj.com)

(END) Dow Jones Newswires

January 19, 2026 02:28 ET (07:28 GMT)

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He attributes the slowdown to an incomplete rotation from external to domestic demand, with consumption unlikely to fully offset weaker U.S. and AI-related export growth. Monetary policy is set to diverge, with Australia, New Zealand and Japan expected to raise rates, while most other economies continue to ease amid subdued inflation. On currencies, HSBC favors the Chinese yuan, Indian rupee and Korean won, all of which are expected to appreciate, head of Asia FX research Joey Chew adds. 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He attributes the slowdown to an incomplete rotation from external to domestic demand, with consumption unlikely to fully offset weaker U.S. and AI-related export growth. Monetary policy is set to diverge, with Australia, New Zealand and Japan expected to raise rates, while most other economies continue to ease amid subdued inflation. On currencies, HSBC favors the Chinese yuan, Indian rupee and Korean won, all of which are expected to appreciate, head of Asia FX research Joey Chew adds. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 19, 2026 02:28 ET (07:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2236285917.USD","symbol_name":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2604830871","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604830871","pubTimestamp":1768807680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0728 GMT - GDP growth across most Asian economies is likely to moderate in 2026, with Asia ex-Japan growth expected to slow to 4.5% from an estimated 4.9% in 2025, HSBC chief Asia economist Frederic Neumann says in his 2026 Asia outlook presentation. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","BK4588":"碎股","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4585":"ETF&股票定投概念","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","HSBC":"汇丰","BK4521":"英国银行股","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4207":"综合性银行"},"translate_title":"2026年亚洲（日本除外）GDP增长预计将放缓——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSBC":0.73},"content_text":"0728 GMT - GDP growth across most Asian economies is likely to moderate in 2026, with Asia ex-Japan growth expected to slow to 4.5% from an estimated 4.9% in 2025, HSBC chief Asia economist Frederic Neumann says in his 2026 Asia outlook presentation. He attributes the slowdown to an incomplete rotation from external to domestic demand, with consumption unlikely to fully offset weaker U.S. and AI-related export growth. Monetary policy is set to diverge, with Australia, New Zealand and Japan expected to raise rates, while most other economies continue to ease amid subdued inflation. On currencies, HSBC favors the Chinese yuan, Indian rupee and Korean won, all of which are expected to appreciate, head of Asia FX research Joey Chew adds. (jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 19, 2026 02:28 ET (07:28 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}