Asia Economics Weekly Korean industry struggling, CPTPP+UK Korea’s manufacturing sector is in for a painful year with bloated inventories and weak external demand set to drag on production. Data published earlier today showed that production of semiconductors... 31st March 2023 · 10 mins read
Asia Economics Weekly Reform boost for Indonesia, Thai election hots up Long-term prospects for Indonesia’s economy received a boost this week when parliament passed a long-delayed series of reforms that should lift competitiveness. Meanwhile, Thailand’s parliament was... 24th March 2023 · 7 mins read
Asia Economics Weekly Can Asia continue to ride out the global storm? The impact of the current turmoil on Emerging Asia has so far been relatively small, and most currencies have appreciated against the US dollar over the past week. Large current account surpluses mean... 17th March 2023 · 7 mins read
Asia Economics Weekly BoT forecast change, welcome progress in Sri Lanka Inflation in Thailand is falling sharply and is likely to drop back to the central bank’s 1-3% target by May. With the economy struggling, we are taking out the rate hike we originally had pencilled... 10th March 2023 · 7 mins read
Asia Economics Weekly Q4 may mark the trough, only weak recovery ahead There are tentative signs in recent data that the slump in Asian goods exports may be nearing an end and that, after a dreadful performance at the end of 2022, GDP in much of the region may have... 3rd March 2023 · 6 mins read
Asia Economics Weekly Malaysia’s infrastructure budget, Korea’s hawkish hold Malaysia today announced a modest tightening of fiscal policy for 2023, but the most eye-catching element of the budget was a significant (and welcome) increase in infrastructure spending. Global Drop... 24th February 2023 · 7 mins read
Asia Economics Weekly Asia in 2050, Malaysia budget, Korea rate meeting Emerging Asia is set to play an increasingly important role in the global economy over the coming decades. According to our latest Long Run Outlook, seven of the world’s 20 largest economies will be... 17th February 2023 · 6 mins read
Asia Economics Weekly Philippines: inflation surprise to prompt 50bps hike In most of the region inflationary pressures are continuing to ease and central banks are preparing to bring tightening cycles to an end. A key exception is the Philippines, where a jump in headline... 10th February 2023 · 10 mins read
Asia Economics Weekly Bank of Korea turns dovish as downturn worsens Despite the jump in inflation last month, the worsening activity data means the Bank of Korea is likely to leave interest rates unchanged at its February meeting. 3rd February 2023 · 7 mins read
Asia Economics Weekly Pakistan closing in on IMF deal By raising interest rates and allowing the currency to fall against the US dollar, Pakistan this week took more steps towards securing new funding from the IMF and avoiding a default. The remaining... 27th January 2023 · 6 mins read
Asia Economics Weekly Rebounding won, Vietnam politics, dovish surprises The rebound in the won is unlikely to be welcomed by the country’s struggling exporters, but will come as a relief to the Bank of Korea, which had become worried that higher import prices would keep... 20th January 2023 · 12 mins read
Asia Economics Weekly China rebound, Thai election, new currency forecasts Disruption from China’s reopening is fading faster than we had expected and we have revised up our GDP growth forecast for this year. As daily life in China returns to normal, spending at hotels... 13th January 2023 · 8 mins read
Asia Economics Weekly Tourism boost as China reopens, Vietnam struggling Tourism across Asia has rebounded strongly in recent months, with arrivals in most places now at around 45% of pre-crisis levels. The region will receive a further boost on 8th January, when China... 6th January 2023 · 7 mins read
Asia Economics Weekly Exporters take a beating, worse still to come Recent trade data from Emerging Asia have been downbeat and, with the global economy heading for recession, worse is still to come. 23rd December 2022 · 12 mins read
Asia Economics Weekly What the end of zero-COVID in China means for Asia Chinese authorities appear to have given up on efforts to contain the spread of COVID-19 much earlier than we had previously anticipated. There may be some disruption to China’s industrial sector in... 16th December 2022 · 6 mins read
Asia Economics Weekly Good news on inflation (except in the Philippines) The past week has brought mostly good news on the inflation front. Of the nine countries in the region to have reported November inflation figures, the y/y rate dropped or was stable in eight of them... 9th December 2022 · 6 mins read
