Asia Data Response Singapore GDP (Q3, revised) The upward revision to Singapore’s Q3 GDP figures shows that the economy has rebounded strongly, and we expect the recovery to continue at a decent pace on the back of strong fiscal support and... 23rd November 2020 · 3 mins read
Asia Economics Weekly Vaccine impact, Korea’s third wave, climate change The past week has brought more positive developments on the vaccine front, with the latest news from AstraZeneca and Pfizer providing a further boost to regional stock markets. However, the likely... 20th November 2020 · 7 mins read
Long Run Focus The winners and losers from climate change Climate change will be more costly to EMs than developed countries, with parts of Africa, as well as South and South East Asia most vulnerable to rising global temperatures. That said, some EMs could... 19th November 2020 · 15 mins read
Asia Economics Update Indonesia: easing cycle not over yet Bank Indonesia (BI) cut its main policy rate today by 25bps to 3.75%, and further gradual easing is likely provided the currency continues to perform well against the US dollar. 19th November 2020 · 3 mins read
Asia Economics Update More rate cuts likely next year in the Philippines The central bank in the Philippines (BSP) cut its key policy rate today for the first time since June, and the weakness of the recovery means further easing is likely. 19th November 2020 · 3 mins read
Asia Economics Update Thailand: rates to remain low for a long time to come The Bank of Thailand’s (BoT) decision to leave interest rates unchanged at an all-time low of just 0.5% came as no surprise. Given the poor outlook for the economy, rates are likely to remain very low... 18th November 2020 · 3 mins read
Asia Data Response Thailand GDP (Q3) GDP figures published today show that the worst is now over for Thailand’s economy, but its dependence on tourism means it is likely to experience one of the slowest recoveries in the region. 16th November 2020 · 3 mins read
Asia Data Response Malaysia GDP (Q3) Malaysia’s economy rebounded strongly in Q3 and while a second wave of infections will weigh on growth in Q4, we don’t think it will be long before the recovery is back on track. 13th November 2020 · 3 mins read
Asia Economics Weekly BSP under pressure to cut, vaccine boost to equities The weakness of the recovery in the Philippines means that the central bank (BSP) is likely to lower interest rates at next Thursday’s scheduled meeting. The consensus is for no cuts before the end of... 12th November 2020 · 8 mins read
Asia Data Response Korea Trade (1st – 10th Nov.) Korean exports remained buoyant in the first ten days of November and there are few signs that large second waves of the virus are weighing on demand for Korean exports. We expected continued strong... 11th November 2020 · 2 mins read
Asia Economics Update The benefits to Asia of a COVID-19 vaccine Asia may have less to gain than other parts of the world from a coronavirus vaccine, given successes in containing the new coronavirus. A widely-distributed and effective vaccine would nonetheless... 10th November 2020 · 3 mins read
Asia Economics Update Deglobalisation to continue despite Biden victory Joe Biden is likely to take a different approach to trade relations than Donald Trump, but his election will not reinvigorate globalisation, which has stalled over recent years. This will act as a... 9th November 2020 · 3 mins read
Asia Economics Weekly Malaysia’s 2021 budget, Singapore consumer recovery Malaysia’s 2021 budget, which was tabled before parliament today, reveals that the government is planning to keep fiscal policy much looser than we had originally expected. In response, we are... 6th November 2020 · 7 mins read
Asia Data Response Indonesia GDP (Q3) The y/y contraction in Indonesian GDP eased in Q3, and the economy is likely to experience a slow recovery over the coming quarters. 5th November 2020 · 2 mins read
Asia Economics Update Malaysia’s central bank to resume easing next year Bank Negara Malaysia (BNM) left its main policy rate on hold at 1.75% today, but with a new set of restrictions to combat a second outbreak of the virus dragging on the economy, we doubt this marks... 3rd November 2020 · 3 mins read
Asia Data Response Manufacturing PMIs (Oct.) PMI readings for Asia suggest that manufacturing conditions improved further in October, and strong global demand for electronics should continue to support the sector over the coming months. 2nd November 2020 · 2 mins read
