Asia Economics Weekly New outbreak in Vietnam, Sri Lanka’s election After going 100 days without a single case of community transmission, over 40 new coronavirus infections have been reported in Vietnam over the past week. The jump puts the country’s economic recovery... 30th July 2020 · 10 mins read
Asia Economics Weekly Rupiah worries resurface, Korea’s “modest” slowdown The Indonesian rupiah has dropped back in recent weeks amid fears over the government’s plans for the central bank to finance a large part of the budget deficit for this year. The uncertain outlook... 24th July 2020 · 6 mins read
Asia Economics Weekly Korea on the mend, consensus comparison Korea avoided the need for a full lockdown and the GDP figures due on Tuesday should show that economic activity held up relatively well last quarter as a result. We have pencilled in a contraction of... 17th July 2020 · 5 mins read
Asia Economics Weekly Recovery underway as Singapore heads to the polls The main priority for Singapore’s ruling People’s Action Party (PAP), which is certain to win tomorrow’s general election, is ensuring a strong recovery from the crisis. There are good reasons to... 9th July 2020 · 8 mins read
Asia Economics Weekly Auto slowdown in Thailand, Singapore bouncing back Despite having successfully contained the virus, which has allowed daily life in Thailand to return to normal quicker than in other parts of the region, the country is still set to be one of the worst... 3rd July 2020 · 7 mins read
Asia Economics Weekly Taiwan resilience, Korea consumers regain confidence Data published over the past week provide further evidence that Taiwan’s economy is continuing to hold up extremely well. The risks to our forecast of a 2% contraction in GDP this year are to the... 26th June 2020 · 7 mins read
Asia Economics Weekly Export bright spots Given the collapse in global demand, the relative strength of Asian exports has come as something of a surprise. We estimate that Asian exports are down by around 15% y/y, which is much less than the... 19th June 2020 · 7 mins read
Asia Economics Weekly How quickly will tourism recover? Tourism across the region has been decimated by the pandemic and is likely to be one of the last sectors of the economy to recover. This will weigh heavily on prospects in countries like Thailand... 12th June 2020 · 6 mins read
Asia Economics Weekly Philippines: collapse in April, recovery to lag Labour market and industrial production data released today for the Philippines confirm that output collapsed in April. With the lockdown being eased only gradually, the recovery in the Philippines is... 5th June 2020 · 6 mins read
Asia Economics Weekly Bumps in Korea’s recovery, how to interpret the PMIs A couple of new outbreaks of coronavirus in Korea’s capital city, Seoul, has led to renewed fears of a second wave of infections. The recent spike appears to have put the recovery on hold and has led... 29th May 2020 · 5 mins read
Asia Economics Weekly BoK to launch QE, labour market woes in Taiwan The Bank of Korea is likely to cut its policy rate to a record low of 0.5% and step up non-conventional support at its meeting on Thursday. Meanwhile, today’s labour market figures from Taiwan show... 22nd May 2020 · 6 mins read
Asia Economics Weekly Tourism slump in Thailand, Korea’s “second wave” The first quarter GDP figures for Thailand (due on Monday) will make for grim reading. While all economies have been hit hard by coronavirus containment measures, the collapse in global tourism means... 15th May 2020 · 8 mins read
Asia Economics Weekly Infections ease, but recovery proving slow Though there are notable exceptions, there are some encouraging signs that new infections of the coronavirus are falling in many places in Emerging Asia. The slowing spread of the virus should allow... 8th May 2020 · 6 mins read
Asia Economics Weekly Philippines economic woes, Singapore slump Next Thursday’s Q1 GDP figures for the Philippines are likely to show that the economy grew at its slowest rate in over 10 years last quarter. But worse is still to come. Meanwhile, Singapore’s latest... 30th April 2020 · 8 mins read
Asia Economics Weekly Singapore lockdown extension, deflation arrives The decision by Singapore’s government to extend and toughen its lockdown will further reduce economic output this year. We are cutting our GDP forecast again. Meanwhile, the most recent batch of... 24th April 2020 · 6 mins read
Asia Economics Weekly Elections in Korea, further easing in Pakistan With all the votes from Korea’s parliamentary election now counted, it has been confirmed that President Moon’s Democratic Party (DP) and its affiliate party won 180 of the 300 seats in the National... 17th April 2020 · 6 mins read
