The winners and losers from climate change

Climate change will be more costly to EMs than developed countries, with parts of Africa, as well as South and South East Asia most vulnerable to rising global temperatures. That said, some EMs could benefit as investments to mitigate climate change increase. One group of winners will be commodity producers that are able to provide the resources needed for the transition to cleaner forms of energy.
Gareth Leather Senior Asia Economist
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Long Run Update

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Long Run Returns Monitor (Nov.)

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Thailand’s reopening, exports soften

Thailand’s tourism sector will remain heavily depressed despite this week’s reopening of Phuket to foreign tourists. Meanwhile, the latest data provide more evidence that export demand has started to level off.

We are holding a Drop-In online briefing on Tuesday at 1500 HKT/0800 BST to explain our Korean rate outlook, including the latest on the domestic recovery but also how external demand conditions could influence policy thinking. Register here.

2 July 2021

Emerging Asia Chart Book

Virus disruption to continue

The virus situation in Emerging Asia has improved compared with a month ago. Although cases are rising sharply in Indonesia, daily numbers have come down in Taiwan, Singapore, India and Malaysia, and appear to have stabilised in the Philippines. That said, the situation remains serious. The more contagious Delta variant now appears prevalent across the region, which suggests countries will need to be cautious about how quickly they loosen restrictions. And while vaccine rollouts have gathered pace in a number of countries, it is only in Singapore, China, Hong Kong and Cambodia where more than 10% of the population is fully vaccinated. The upshot is that whereas life appears to be returning to normal in the US and most of Europe, COVID-19 will continue to cause significant economic disruption throughout this year across large parts of Emerging Asia.

30 June 2021

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Vietnam GDP (Q2)

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29 June 2021
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