Asia Economics Update Rate cuts in Sri Lanka are premature We believe today’s unexpected rate cut by the Central Bank of Sri Lanka (CBSL) is premature in light of the large external problems still facing the economy. Given the CBSL’s current dovish stance, we... 12th December 2012 · 1 min read
Asia Economics Update Can Australia cope as its mining boom cools? Today’s GDP data showed that Australia, unusually for a developed economy, is continuing to grow at speed. But its mining boom is nearing its peak. In the short term, this means that growth will slow... 5th December 2012 · 1 min read
Asia Economics Update Australia's central bank likely to cut again The Reserve Bank of Australia (RBA) cut its cash rate by 25bp to 3.0% today. We expect the RBA to cut again in early 2013 to support the economy through a cooling of the mining boom. 4th December 2012 · 1 min read
Asia Economics Update Manufacturing stabilises, but sustained pick-up unlikely ahead Today’s PMIs suggest that conditions within most of Asia’s manufacturing sectors either stabilised or strengthened in November. While conditions could improve further over the next few months, we... 3rd December 2012 · 1 min read
Asia Economics Update Indian growth unlikely to pick up next year It may be something of a relief that India’s third quarter GDP figures were no worse than expected. But while growth may have stabilised, we are sceptical that it will pick up in 2013. 30th November 2012 · 1 min read
Asia Economics Update Strong growth in the Philippines set to fade Economic growth in the Philippines accelerated in the third quarter, boosted by strong domestic demand. Exports have also proved surprisingly resilient. However, with the crisis in the euro-zone set... 28th November 2012 · 1 min read
Asia Economics Update Thailand’s weak growth likely to prompt more stimulus Thailand’s Q3 GDP figures show that the economy’s post-flood recovery has succumbed to weak global demand. We expect the global economy to continue to struggle, which in turn should prompt the Bank of... 19th November 2012 · 1 min read
Asia Economics Update Malaysia set for a mild slowdown Today’s GDP data show that Malaysia’s economy grew faster than expected in Q3. While Malaysia has performed well through the recent trade downturn, its economy is nonetheless set to slow next year as... 16th November 2012 · 1 min read
Asia Economics Update Global weakness will continue to weigh on Singapore Today’s GDP data show that Singapore's economy contracted more sharply than was previously estimated in Q3. With meaningful recovery in the global economy still some way off, we expect next year to be... 16th November 2012 · 1 min read
Asia Economics Update Stagnation continues in India An unexpected drop in industrial production in September, and a further fall in exports in October, underline the weakness of the Indian economy. The government continues to forecast an upturn in the... 12th November 2012 · 1 min read
Asia Economics Update Malaysia on hold for now, but a cut is likely next year Bank Negara Malaysia (BNM) kept its policy rate on hold today at 3.0%, as was widely expected. The economy has performed well amid the global slowdown and so there is little need for the central bank... 8th November 2012 · 1 min read
Asia Economics Update Interest rates in Indonesia set for prolonged hold Indonesia’s central bank (BI) kept its reference rate at 5.75% today, as expected. With inflation relatively low and economic growth remaining strong, we expect BI to remain on hold for the remainder... 8th November 2012 · 1 min read
Asia Economics Update Australian central bank set for a period on the sidelines The Reserve Bank of Australia (RBA) left its cash rate at 3.25% today. Unless global conditions take a sharp turn for the worse, we now expect the RBA to remain on hold for the next year or so. We... 6th November 2012 · 1 min read
Asia Economics Update Strong growth in Indonesia, but will outperformance last? Indonesia recorded another quarter of strong growth in Q3, with the pace of expansion down only slightly compared with the previous quarter. Weak exports will act as a drag on growth over the next... 5th November 2012 · 1 min read
Asia Economics Update Manufacturing still stuck in the doldrums Today’s PMI data for Asia showed some small signs of improvement but overall conditions within the region’s manufacturing sectors are still very weak. The likelihood that global demand will remain... 1st November 2012 · 1 min read
Asia Economics Update Taiwan’s growth likely to disappoint consensus Today’s GDP data from Taiwan show that the economy returned to y/y growth in Q3. However, we think growth is unlikely to pick up strongly in the coming quarters. Given our view that the global economy... 31st October 2012 · 1 min read
