Asia Economics Update Asia Manufacturing PMIs, Korea Trade (November) The November PMI readings for most countries in Asia remained consistent with soft manufacturing activity. However, the PMIs haven’t been a great guide to the hard activity data for some economies... 1st December 2025 · 3 mins read
China Rapid Response China PMIs (Nov. 2025) The decline in the RatingDog services PMI adds to evidence that the economy continued to lose some momentum last month, with slower growth across both manufacturing and services. We expect growth to... 1st December 2025 (Updated 3rd December 2025) · 3 mins read
Japan Rapid Response Bank of Japan will lift its policy rate this month In response to a hawkish speech by Governor Ueda today, we now expect the Bank of Japan to lift its policy rate to 0.75% at its upcoming meeting that ends on 19 th December instead of our previous... 1st December 2025 · 2 mins read
Latin America Economics Weekly Brazil’s slowdown, Honduras voting for Trump or Xi GDP data from Brazil due out next Thursday are likely to show that the economy contracted in Q3, which, combined with the recent fall in inflation and inflation expectations, supports our view that... 28th November 2025 · 5 mins read
India Economics Weekly Blockbuster Q3 GDP, labour market overhaul, RBI preview The further acceleration in GDP growth in Q3 leaves India's economy on course to expand by an impressive 7.5% this year. But with inflation at a generational low, that won't prevent the RBI from... 28th November 2025 · 4 mins read
China Economics Weekly Waning support for developers may drag on construction Vanke's plan to delay repayment of an onshore bond points to fading state support for non-SOE developers. The risk this poses to financial stability is probably manageable. But it threatens to... 28th November 2025 · 6 mins read
India Rapid Response India GDP (Q3 2025) India’s economic growth surged in Q3 and came in well above expectations. Punitive US tariffs remain a headwind for the outlook, but prospects for a trade deal with the US appear to have risen lately... 28th November 2025 · 3 mins read
Asia Economics Weekly Taiwan defence spending boost, Sri Lanka rates on hold Taiwan’s President William Lai this week unveiled a TWD1.25trn (4.5% of GDP) special defence budget but it is likely that this will be watered down by the opposition-controlled parliament. Even if it... 28th November 2025 · 5 mins read
Japan Economics Weekly Bank of Japan opening the door to December rate hike Recent communication from the Bank of Japan has left the door open to a rate hike in December. However, it’s not clear whether the Bank has already gathered sufficient information on the likely... 28th November 2025 · 4 mins read
Capital Daily How big of a threat is property to China’s equities? Fresh problems in China’s property sector won’t, in our view, stop the country’s stock market from powering ahead over the next year or so. They do, however, point to longer-run challenges. 28th November 2025 · 4 mins read
Japan Rapid Response Japan Retail Sales & Industrial Production (Oct. 25) Strong increases in industrial production and retail sales in October suggest that Japan’s economy at least stopped contracting this quarter. 28th November 2025 · 2 mins read
Japan Rapid Response Japan Labour Market (Oct. 25) & Tokyo CPI (Nov. 25) With the labour market still tight and inflation excluding fresh food and energy set to remain above 3% for now, the Bank of Japan will resume its tightening cycle over the next couple of months. 27th November 2025 · 2 mins read
China Chart Pack China Chart Pack (Nov. 25) China's economy slowed in October, driven by weaker services sector activity. And the rebound in the trade-weighted exchange rate looks to have weighed on exports, which contracted in y/y terms. We... 27th November 2025 · 0 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Nov. 2025) Capital outflows from EMs have picked up over the past month, particularly from Asian equity markets which may reflect the broader drop in tech stocks globally. But the scale of outflows is limited... 27th November 2025 · 0 mins read
RBI Watch RBI poised to restart easing cycle The drop in inflation to a multi-decade low ought to outweigh concerns about the weakness of the rupee, and leaves the door open for the RBI to resume its easing cycle at the conclusion of the MPC... 27th November 2025 · 6 mins read
Asia Economics Update Korea: central bank to resume easing cycle next year Korea’s central bank today left interest rates unchanged at 2.5%, and the hawkish comments from Governor Rhee at the press conference appear to rule out any chance of a rate cut in the next few months... 27th November 2025 · 3 mins read
