Asia Economics Weekly Taiwan outperforming, RRR cuts in the Philippines In contrast to the rest of the region, where growth has recently been touching post-financial crisis lows, Taiwan’s economy has rebounded strongly over the past year. GDP figures due to be published... 25th October 2019 · 6 mins read
Asia Economics Update Protectionist threat from US unlikely to go away The US Treasury is due to report soon which of its major trading partners, if any, have been manipulating their currencies for unfair advantage. But regardless of what the US Treasury decides, the... 24th October 2019 · 3 mins read
Asia Economics Update Indonesia: approaching the end of the easing cycle Bank Indonesia (BI) cut interest rates again today and signalled that its main priority remains supporting the struggling economy. However, if the rupiah starts to drop back against the US dollar over... 24th October 2019 · 3 mins read
Asia Data Response Korea GDP (Q3, provisional) GDP growth was sluggish in Q3, but looser fiscal and monetary policy should help the economy to regain some momentum in the quarters ahead. With external headwinds set to remain, the rebound in growth... 24th October 2019 · 3 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Sep. 2019) After small net inflows in Q2, we estimate that emerging markets (EMs) experienced net outflows in Q3. With the recent detente in the trade war unlikely to continue, further capital outflows are... 23rd October 2019 · 4 mins read
Asia Economics Update The worst is now over Early indicators suggest that GDP growth stabilised across Emerging Asia last quarter. While we think the worst is now over for the region, the recovery will be slow going. 21st October 2019 · 3 mins read
Emerging Markets Economics Chart Pack EM core inflation weakest on record The continued decline in core inflation across many emerging markets supports our view that most central banks’ easing cycles have further to run. Our measure of EM core inflation fell to 2.8% y/y... 18th October 2019 · 9 mins read
Asia Economics Weekly Stimulus in Korea, Jokowi’s second term, IMF forecasts GDP figures due to be released next week are likely to show Korea’s economy remained very subdued in Q3 – we have pencilled in growth of just 0.4% q/q. But with fiscal and monetary policy being... 18th October 2019 · 6 mins read
Emerging Markets Trade Monitor EM exports facing a bumpy recovery The EM export recovery paused in August and September, although we think exports should still strengthen over the coming quarters. This isn’t because of developments in the trade war – the recent... 17th October 2019 · 7 mins read
Asia Economics Update Bank of Korea cuts, more easing likely The Bank of Korea (BoK) cut its policy rate from 1.50% to 1.25% today and with growth set to remain subdued and price pressures likely to remain very weak, we are expecting more easing next year. 16th October 2019 · 3 mins read
Asia Economics Focus What to expect from Jokowi 2.0? The two key economic challenges facing President Joko Widodo in his second term are boosting GDP growth and reducing Indonesia’s external vulnerabilities. We don’t think he will succeed in either. 15th October 2019 · 13 mins read
Asia Economics Update Singapore: monetary policy set to remain loose The Monetary Authority of Singapore (MAS) loosened policy today and given the current weakness of the economy – GDP figures also published today show growth in year-on-year terms held steady at a ten... 14th October 2019 · 3 mins read
India Data Response Industrial Production (Aug.) The contraction in India’s industrial production in August is alarming but it should prove temporary as the effect of recent policy easing kicks in. 11th October 2019 · 2 mins read
Asia Economics Weekly Baht set to remain strong, fiscal tightening in Malaysia The authorities in Thailand this week unveiled a couple of further measures designed to put downward pressure on the currency. But unless more is done to reduce the country’s large current account... 11th October 2019 · 6 mins read
Asia Economic Outlook Further slowdown in China, but recovery elsewhere Regional growth is likely to remain very weak, with slower growth in China likely to offset a modest recovery in the rest of the region. China’s economy has remained resilient in recent months. But... 10th October 2019 · 49 mins read
Asia Economics Weekly Growth stable in Q3, Malaysia’s 2020 budget Countries from across the region are due to publish third quarter GDP figures over the coming weeks. The latest monthly data suggest that after slowing sharply in the first half of the year, economic... 4th October 2019 · 6 mins read
