My subscription
...
Filters
My Subscription All Publications

Indonesia GDP (Q1)

Indonesia’s economy struggled to gain any momentum in the first quarter of the year and a failure to contain the virus will hold back the recovery in the quarters ahead.
Gareth Leather Senior Asia Economist
Continue reading

More from Emerging Asia

Emerging Asia Economics Weekly

Better news on inflation, as growth disappoints

The recent national accounts data show most countries experienced a difficult second quarter. However, there was some more encouraging news on inflation – which already appears to have peaked in a few countries. With growth set to remain weak, and inflation likely to fall back further over the coming months, we are sticking with our view that the region’s tightening cycles will prove short lived.

12 August 2022

Emerging Asia Data Response

Malaysia GDP (Q2)

GDP growth in Malaysia edged down in q/q terms last quarter, and we expect a further slowdown over the coming quarters as commodity prices drop back and the boost from reopening fades.

12 August 2022

Emerging Asia Economics Update

Thailand: gradual tightening cycle ahead

The Bank of Thailand hiked interest rates today by 25bp (to 0.75%), but reiterated that the tightening cycle will be gradual. We are sticking with our view that the policy rate will peak at 1.5% next year.

10 August 2022

More from Gareth Leather

Emerging Asia Economics Weekly

Thailand’s reopening, exports soften

Thailand’s tourism sector will remain heavily depressed despite this week’s reopening of Phuket to foreign tourists. Meanwhile, the latest data provide more evidence that export demand has started to level off.

We are holding a Drop-In online briefing on Tuesday at 1500 HKT/0800 BST to explain our Korean rate outlook, including the latest on the domestic recovery but also how external demand conditions could influence policy thinking. Register here.

2 July 2021

Emerging Asia Chart Book

Virus disruption to continue

The virus situation in Emerging Asia has improved compared with a month ago. Although cases are rising sharply in Indonesia, daily numbers have come down in Taiwan, Singapore, India and Malaysia, and appear to have stabilised in the Philippines. That said, the situation remains serious. The more contagious Delta variant now appears prevalent across the region, which suggests countries will need to be cautious about how quickly they loosen restrictions. And while vaccine rollouts have gathered pace in a number of countries, it is only in Singapore, China, Hong Kong and Cambodia where more than 10% of the population is fully vaccinated. The upshot is that whereas life appears to be returning to normal in the US and most of Europe, COVID-19 will continue to cause significant economic disruption throughout this year across large parts of Emerging Asia.

30 June 2021

Emerging Asia Data Response

Vietnam GDP (Q2)

Looking past the jump in y/y growth due to a weak base for comparison, GDP data suggest that Vietnam is facing a heavy economic toll from its efforts to control the virus. With sporadic outbreaks continuing, the economy is likely to suffer further in the months ahead.

29 June 2021
↑ Back to top