Asia Data Response Manufacturing PMIs (Nov.) PMI readings for Asia suggest that manufacturing conditions improved significantly in November. Buoyant global demand for electronics should continue to support the sector over the coming months. 1st December 2020 · 2 mins read
Asia Chart Pack Rate-cutting cycle not over yet National accounts data published over the past month or so confirm that many economies experienced record-breaking rebounds in GDP in the third quarter. However, there are significant variations... 30th November 2020 · 13 mins read
Asia Economics Update Bank of Korea set for extended hold The Bank of Korea (BoK) left its main policy rate on hold at 0.50% in a unanimous decision, and with the economy set to rebound further in spite of a growing third wave of the coronavirus, further... 26th November 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 20th Nov.) Buoyant foreign demand for electronics drove strong export growth over the first 20 days of November and this should remain the case over the coming months. 23rd November 2020 · 2 mins read
Asia Data Response Singapore GDP (Q3, revised) The upward revision to Singapore’s Q3 GDP figures shows that the economy has rebounded strongly, and we expect the recovery to continue at a decent pace on the back of strong fiscal support and... 23rd November 2020 · 3 mins read
Emerging Markets Economics Chart Pack Monetary policy to remain loose despite vaccines This month’s positive vaccine news has dramatically improved the near term global economic outlook, but it doesn’t fundamentally alter our dovish view on EM monetary policy. Many EMs have only small... 20th November 2020 · 11 mins read
Asia Economics Update More rate cuts likely next year in the Philippines The central bank in the Philippines (BSP) cut its key policy rate today for the first time since June, and the weakness of the recovery means further easing is likely. 19th November 2020 · 3 mins read
Asia Data Response Malaysia GDP (Q3) Malaysia’s economy rebounded strongly in Q3 and while a second wave of infections will weigh on growth in Q4, we don’t think it will be long before the recovery is back on track. 13th November 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 10th Nov.) Korean exports remained buoyant in the first ten days of November and there are few signs that large second waves of the virus are weighing on demand for Korean exports. We expected continued strong... 11th November 2020 · 2 mins read
Asia Data Response Philippines GDP (Q3) The Philippines saw a lacklustre rebound in GDP in Q3 and improvements are likely to be harder to come by in the quarters ahead. Output is unlikely to regain its pre-crisis level until late next year. 10th November 2020 · 3 mins read
Asia Economics Weekly Malaysia’s 2021 budget, Singapore consumer recovery Malaysia’s 2021 budget, which was tabled before parliament today, reveals that the government is planning to keep fiscal policy much looser than we had originally expected. In response, we are... 6th November 2020 · 7 mins read
Asia Economics Update Malaysia’s central bank to resume easing next year Bank Negara Malaysia (BNM) left its main policy rate on hold at 1.75% today, but with a new set of restrictions to combat a second outbreak of the virus dragging on the economy, we doubt this marks... 3rd November 2020 · 3 mins read
Asia Data Response Manufacturing PMIs (Oct.) PMI readings for Asia suggest that manufacturing conditions improved further in October, and strong global demand for electronics should continue to support the sector over the coming months. 2nd November 2020 · 2 mins read
Asia Data Response Korea Trade (Oct.) Korean export values picked up to above pre-crisis levels in October and grew in working-day adjusted y/y terms for the first time since late-2018. While large second waves of the virus across the... 2nd November 2020 · 2 mins read
Asia Economics Weekly More evidence of a strong recovery in Korea Activity data released today suggest that Korea’s economy ended last quarter on a strong note and that the provisional estimate of Q3 GDP is likely to be revised up. 30th October 2020 · 8 mins read
Emerging Markets Economics Chart Pack Second wave to hit recovery & keep rate cuts on table Recoveries in much of the emerging world were slowing even before the renewed surge in COVID-19 cases across many parts of the globe. The economies of Central & Eastern Europe will be hit hard in Q4... 29th October 2020 · 11 mins read
