Asia Data Response Manufacturing PMIs (Nov.) PMIs for Emerging Asia (ex. China) were slightly more positive in November, suggesting that while industry remains weak it is starting to recover. The continued improvement in PMIs for China provides... 2nd December 2019 · 2 mins read
Asia Data Response Korea Trade, CPI (Nov.) The uptick in Korean export growth in November was much weaker than expectations and suggests that external demand remains in the doldrums. Headline inflation was also weaker than expected last month. 2nd December 2019 · 2 mins read
Asia Economics Weekly VAT cut in Sri Lanka, Japan-Korea trade spat The decision by Sri Lanka’s new president to cut the rate of VAT from 15% to 8% will provide a significant boost to the economy, but will put increased strain on the country’s fragile public finances... 29th November 2019 · 6 mins read
Asia Economics Update Bank of Korea on hold, but more easing likely The Bank of Korea (BoK) left rates on hold today but kept the door open to further easing. With growth set to stay subdued and inflation likely to remain weak, we have pencilled in one more 25bp rate... 29th November 2019 · 3 mins read
Asia Chart Pack More stimulus on the way in Thailand Looser monetary and fiscal policy should help to drive a modest recovery in Thailand over the coming quarters, and we are revising our GDP growth forecast for next year up slightly. Figures released... 26th November 2019 · 15 mins read
Asia Economics Update A slow recovery ahead GDP growth was either flat or picked up slightly in most parts of Emerging Asia last quarter, and we think regional growth will rise gradually over the coming year helped by a slow recovery in exports... 22nd November 2019 · 3 mins read
Asia Data Response Singapore GDP (Q3, Revised) The revised estimate of Singapore GDP showed that the economy bounced back a little last quarter, but while we expect this recovery to continue in the quarters ahead, it is likely to be slow going. 21st November 2019 · 3 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Oct. 2019) We estimate that net capital outflows from emerging markets (EMs) eased in October, and more timely data point to a further improvement so far this month. But we doubt that, on a net basis, capital... 20th November 2019 · 4 mins read
Asia Data Response Malaysia GDP (Q3) GDP growth in Malaysia slowed in the third quarter, and we think the economy is likely to lose more steam in the quarters ahead due to headwinds from tighter fiscal policy and a weak external... 15th November 2019 · 2 mins read
Asia Economics Update Philippines likely to cut again after today’s pause It was no surprise that the central bank in the Philippines (BSP) left its main policy rate at 4.00% today, and it is unlikely to adjust rates at its December meeting either. But with growth likely to... 14th November 2019 · 3 mins read
Asia Economics Update Low inflation will continue to worry central banks There is no immediate threat of any country in Emerging Asia falling into a prolonged period of deflation, but persistently weak price pressures are likely to remain a worry for central banks and will... 13th November 2019 · 3 mins read
Asia Economics Weekly BSP: no more cuts in 2019, Malaysia SRR cut Governor Diokno was pretty emphatic earlier this week when he said that the central bank (BSP) had “absolutely” “done more than enough” this year. In response we are taking out the interest rate cut... 8th November 2019 · 7 mins read
Asia Data Response Philippines GDP (Q3) The jump in growth in Q3 was mainly driven by temporary factors relating to the delayed 2019 budget. Once this distortion drops out, we expect growth to settle at around 6.0% as a tough external... 7th November 2019 · 3 mins read
Asia Economics Update Malaysia: central bank still likely to cut rates next year Bank Negara Malaysia (BNM) left its policy rate unchanged at 3.00% today, but with growth set to slow sharply over the next few quarters and inflation likely to remain subdued, we think the central... 5th November 2019 · 3 mins read
Asia Economics Weekly New currency forecasts, Taiwan’s tourism woes Having previously expected equity and currency markets to fall sharply across Emerging Asia before the end of the year, we have revised our forecasts and now expect financial markets to remain broadly... 1st November 2019 · 8 mins read
Asia Data Response Manufacturing PMIs (Oct.) PMIs for Emerging Asia (ex. China) softened slightly last month and continue to suggest that industry remains weak. The PMIs for China gave mixed signals, but on balance provide some hope for a pickup... 1st November 2019 · 2 mins read
