Asia Chart Pack A vaccine would not transform the region’s prospects The progress made towards the development of a vaccine against COVID-19 has been remarkable. Most experts now believe that a vaccine may be available by the end of this year or the first quarter of... 27th October 2020 · 14 mins read
Asia Data Response Korea GDP (Q3, provisional) Korean GDP rebounded last quarter as exports bounced back strongly, and with the economic impact of the “second wave” fading and exports picking up further, the recovery is set to continue over the... 27th October 2020 · 2 mins read
Asia Economics Update Sri Lanka on hold for now, more easing next year The Central Bank of Sri Lanka (CBSL) left both its deposit and lending rate on hold at 4.50% and 5.50% respectively at its meeting today but, given the poor outlook for the economy, we think the... 22nd October 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 20th Oct.) Strong export growth in the first 20 days of October was driven by buoyant foreign demand for electronics, and exports now look likely to provide a boost to y/y growth this quarter. 21st October 2020 · 2 mins read
Asia Economics Update Thai protests a key risk to the recovery The renewed risk of domestic political unrest in Thailand following the declaration of a “severe” state of emergency could act as a further drag on the already beleaguered economy. 15th October 2020 · 2 mins read
Asia Economics Update Bank of Korea holds, more yield control policies likely The Bank of Korea (BoK) left its main policy rate on hold at 0.50% today and, with the economic recovery holding up relatively well, further rate cuts seem unlikely. Instead the focus of the BoK is... 14th October 2020 · 3 mins read
Asia Data Response Singapore GDP (Q3, Advanced), MAS Decision The Monetary Authority of Singapore (MAS) left policy on hold today as advanced GDP data showed that the economy rebounded well in Q3. However, with GDP still well below its pre-crisis level, the MAS... 14th October 2020 · 3 mins read
Asia Data Response Korea and Taiwan Manufacturing PMIs (Sep.) PMI readings for Korea and Taiwan suggest industry in both countries picked up momentum last month, and we expect output to continue growing in the months ahead on the back of strong exports. 5th October 2020 · 2 mins read
Asia Economics Update Philippines: more rate cuts after “continued pause” The central bank in the Philippines (BSP) left its main policy rate on hold at 2.25% today for a second consecutive meeting, but with the economic recovery proving to be one of the slowest in the... 1st October 2020 · 3 mins read
Asia Data Response Korea Trade (Sep.) Korean export values held steady in September at a touch below pre-crisis levels, and we expect gradual improvements in the months ahead. 1st October 2020 · 2 mins read
Asia Chart Pack Encouraging signs in Korea Korea looks to have contained its “second wave” of the virus with minimum cost to the economy. There were just 38 newly confirmed cases in Korea today, which was the lowest since early August and down... 29th September 2020 · 13 mins read
Asia Economics Weekly Philippines: weak recovery, new currency forecasts Inadequate fiscal support is holding back growth in the Philippines and, unless this improves, the recovery will continue to underwhelm. Meanwhile, despite the recent sell-off in EM currency markets... 25th September 2020 · 7 mins read
Emerging Markets Economics Chart Pack Recovery now in a tougher phase After an initial burst of growth following the lifting of national lockdowns, the latest activity data and mobility indicators point to a slower pace of recovery in most EMs in recent months. This... 24th September 2020 · 12 mins read
Asia Data Response Korea Trade (1st – 20th Sep.) Exports rebounded to pre-crisis levels for the first time in the first 20 days of September and, while we don’t necessarily think export values will keep going from strength to strength, today’s data... 21st September 2020 · 2 mins read
Asia Economics Weekly Philippines peso will sustain outperformance The Philippine peso has been the best performing currency in Emerging Asia so far this year and is now at its highest level against the US dollar since late 2016. We expect the peso to strengthen... 18th September 2020 · 7 mins read
Asia Data Response Korea Trade (1st – 10th Sep.) Korean exports rose in levels terms in the first 10 days of September and, with trading-partner economies still getting back on their feet, we expect further gradual improvements in external demand. 11th September 2020 · 2 mins read
