Asia Data Response Korea GDP (Q4, provisional) While Omicron means that the strong GDP growth recorded in Q4 2021 is unlikely to be repeated this quarter, the recovery should be back on track before long. With the economic outlook still upbeat... 25th January 2022 · 3 mins read
Asia Economics Weekly Thai tourism boost, new oil price forecasts Better times lie head for Thailand’s tourism industry after the government this week announced it would resume its quarantine-free travel scheme from 1 st February. A recovery in tourism will not only... 21st January 2022 · 8 mins read
Asia Economics Update Markets mispricing the chance of rate hikes in Malaysia The dovish tone of Bank Negara Malaysia (BNM) as it left rates on hold today only strengthens our non-consensus view that policy will be left on hold this year to support the recovery. In contrast... 20th January 2022 · 3 mins read
Asia Economics Update Central Bank of Sri Lanka’s hike is too little too late The 50bp rate hike made by the Central Bank of Sri Lanka (CBSL) today – after it stood pat for two meetings as foreign currency dried up and inflation soared – is likely to prove too little too late... 20th January 2022 · 3 mins read
Asia Economics Weekly Korean labour market not as healthy as it looks At face value, the Korean labour market figures for December paint an encouraging picture, with total employment rising to a new record high. However, a detailed examination of data reveals just how... 14th January 2022 · 9 mins read
Asia Economics Update Bank of Korea turning even more hawkish The Bank of Korea (BoK) is far from done, after making its first back-to-back rate hike since 2007 today. We now expect a total of four 25bp hikes in 2022, taking the policy rate to 2.00%. 14th January 2022 · 3 mins read
Asia Economics Update What to expect in Emerging Asia in 2022 Asia will be – contrary to consensus expectations for widespread hikes – the only EM region in which the median central bank isn’t tightening this year. 10th January 2022 · 4 mins read
Asia Economics Weekly Philippines in no rush to hike, new growth forecasts Falling inflation and an increasingly uncertain economic outlook add weight to our non-consensus view that the central bank in the Philippines (BSP) will not tighten monetary policy in 2022. Meanwhile... 7th January 2022 · 5 mins read
Asia Economics Update Industry momentum strong going into 2022 Manufacturing PMIs and timely trade data reveal that Asia’s export-focussed industry gained momentum at the turn of the year. While the Omicron variant presents a key threat to the outlook, it is... 4th January 2022 · 2 mins read
Asia Data Response Korea Trade (Nov.) Korean export values surged to record highs in November helped by temporary factors but also strong underlying growth. Exports should remain elevated for at least the next few months, helped by a... 1st December 2021 · 2 mins read
Asia Data Response Manufacturing PMIs (Nov.) November Manufacturing PMIs suggest that the rebound in industry from the Delta wave in South East Asia continued last month, and we suspect it has further to run. Drop-In: India – How much scarring... 1st December 2021 · 2 mins read
Asia Data Response Korea Activity Data (Oct.) Korea’s economy is likely to have already rebounded from the downbeat October revealed in activity data today. But prospects for continued improvements have diminished, as a resurgence in virus cases... 30th November 2021 · 3 mins read
Asia Chart Pack Omicron fears stall plans to reopen borders Amid all the uncertainty caused by the arrival of Omicron, one thing we can say with some conviction is that the new variant is further bad news for the region’s beleaguered tourism industry. Up until... 29th November 2021 · 15 mins read
Asia Economics Update Bank of Korea to hike at least three more times in 2022 Today’s move by the Bank of Korea is likely to mark the second hike of at least five, in a tightening cycle that began in August and will extend well into next year. 25th November 2021 · 3 mins read
Asia Data Response Singapore GDP (Q3, Revised) Revised Q3 GDP data show that Singapore’s economy grew more strongly than first thought last quarter, and while containment measures mean the recovery is unlikely to have gained much momentum so far... 24th November 2021 · 3 mins read
Asia Economics Update Export orders dip, but shortages will persist Taiwan export orders dropped back in October, but the big picture is that they are down only slightly over the past few months and remain at an elevated level. Looking ahead, we expect demand to... 22nd November 2021 · 2 mins read
