Skip to main content

Policy easing to begin soon

We expect economic growth in most countries in Asia to slow in the second half of 2024, as tighter fiscal policy, high interest rates and weaker global growth all weigh on demand. Inflation is back to target in most countries and likely to remain low, helped by a combination of below-trend economic growth and lower food price inflation. Central banks have recently started to sound more dovish, and we expect most to begin easing policy this year, starting with the Philippines in August. In most places, rate cuts will come sooner and be more aggressive than financial markets are currently pricing in.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access