Emerging Asia Chart Book Slowing growth, falling inflation and dovish central banks A strong rebound in tourism provided a big boost to growth in Thailand and Hong Kong last quarter, which along with China, were the three best-performing countries in Emerging Asia in Q1. But for the... 24th May 2023 · 15 mins read
Emerging Asia Chart Book Which central bank will be the next to cut? Vietnam became the first country in the region to start loosening policy when it lowered its refinancing rate at the end of March. We don’t think it will be long before other central banks in Asia... 26th April 2023 · 16 mins read
Emerging Asia Chart Book Asian banks in decent shape, but credit risks lurk The turmoil in the global banking system over the past month has had a limited impact on Asia – currencies have held up well and outflows of capital have been small. And in general, banking sectors in... 30th March 2023 · 16 mins read
Emerging Asia Chart Book How will central banks respond to the latest currency falls? Asian currencies have dropped back over the past few weeks against the US dollar, with the two worst hit currencies (the Thai baht and the Korean won) down around 6% against the greenback since the... 27th February 2023 · 15 mins read
Emerging Asia Chart Book Currency rebound provides welcome relief to policymakers Asian currencies have continued to rebound against the US dollar over the past month, and most are now up by around 5-15% against the greenback since early November. Optimism around China’s reopening... 30th January 2023 · 15 mins read
Emerging Asia Chart Book Core inflation still rising The past few weeks have brought mostly good news on the inflation front, with the headline rate dropping back in most countries in November. Less encouragingly, however, core inflation has continued... 20th December 2022 · 15 mins read
Emerging Asia Chart Book Consumer resilience unlikely to last Most countries in the region have now reported GDP figures for the third quarter, and growth was generally faster than we (and the consensus) had expected. One factor behind this resilience was the... 29th November 2022 · 15 mins read
Emerging Asia Chart Book Policymakers increase currency support Central banks across the region have been stepping up the pace of intervention in foreign exchange markets to support their currencies, resulting in a drop in FX reserves. In most countries, reserves... 31st October 2022 · 15 mins read
Emerging Asia Chart Book Central banks remain in hawkish mode, for now Monetary policy makers across Emerging Asia remain in hawkish mode – every central bank in the region with the exceptions of China and Vietnam has now raised interest rates this year – and further... 15th September 2022 · 15 mins read
Emerging Asia Chart Book Growth to slow in the second half of the year GDP figures for Korea released earlier today showed economic growth accelerated in the second quarter thanks to a strong rebound in private consumption as the economy enjoyed a reopening bounce. This... 26th July 2022 · 14 mins read
Emerging Asia Chart Book Thai economy to receive tourism boost After more than two years in the doldrums, Thailand’s tourism sector is finally showing signs of life. Arrivals in May reached 520,000 – a 77% increase from the previous month and 19% of the level... 27th June 2022 · 14 mins read
Emerging Asia Chart Book Pakistan edges closer to IMF deal Talks between Pakistan and the IMF ended last week without agreement, but the subsequent decision by the government to cut back fuel subsidies has cleared one of the major hurdles towards a deal being... 30th May 2022 · 15 mins read
Emerging Asia Chart Book Tightening cycles to be gradual Central banks across the region have recently turned more hawkish. Over the past month or so, policymakers in Korea, Taiwan, Singapore, Sri Lanka, India and Pakistan have all tightened policy... 29th April 2022 · 14 mins read
Emerging Asia Chart Book Omicron recedes, but other headwinds emerge Successful vaccination campaigns allowed governments to keep economies open during the recent Omicron waves, and our Mobility Trackers suggest that activity held up much better than we had originally... 29th March 2022 · 15 mins read
Emerging Asia Chart Book How will central banks respond to rising oil prices? The recent jump in oil prices poses a significant upside risk to our inflation and interest rate forecasts for this year. Central banks would normally “look through” a one-off jump in the price level... 28th February 2022 · 14 mins read
Emerging Asia Chart Book Rising virus numbers unlikely to derail recovery The Omicron variant is spreading quickly across Asia. Daily virus numbers are now at record levels in Korea, Singapore and the Philippines. However, the economic impact of Omicron is shaping up to be... 27th January 2022 · 15 mins read
