Asia Economics Weekly External pressures mounting in Pakistan The “devaluation” of the Pakistani rupee earlier in the week is a reminder of the country’s precarious balance of payments position. Pakistan will soon be forced to either let the currency fall much... 7th July 2017 · 1 min read
Asia Economic Outlook How long will the recovery last? A pick-up in exports will lift growth in Emerging Asia to a five-year high in 2017, but mounting domestic headwinds means that this is unlikely to be sustained. We expect growth to slow in 201819... 6th July 2017 · 1 min read
Emerging Markets Economic Outlook Cycles start to turn in the BRICs The growth outlook for major EMs is starting to diverge. While there are signs that a slowdown is now underway in China, cyclical rebounds lie ahead in India, Brazil and Russia. 3rd July 2017 · 1 min read
Asia Data Response Manufacturing PMIs (Jun.) The June PMIs for Emerging Asia suggest that the region’s manufacturing sectors remained in decent health. The pick up in the PMI readings in Taiwan and Korea – the two economies where the PMIs most... 3rd July 2017 · 1 min read
Emerging Markets Activity Monitor EM growth slows at start of Q2 Our GDP Tracker suggests that EM growth softened a little in April, but in several countries this was driven by calendar effects that should reverse in May. 29th June 2017 · 1 min read
Asia Economics Update Asian equities continue to rally Asian equity markets have continued to rally, with stock markets in Taiwan, Korea, India and Indonesia all recently hitting new record highs. 29th June 2017 · 1 min read
Frontier Markets Wrap MSCI review prompts mixed reactions in Saudi and Argentina MSCI’s latest review of its benchmark equity indices has prompted significant moves in some of the largest frontier stock markets over the past month. Saudi Arabia’s Tadawul has jumped 8% since MSCI... 28th June 2017 · 1 min read
Asia Economics Weekly Philippines: Duterte undermining country’s economic prospects One year since coming to power, President Duterte of the Philippines has not been the disaster for the economy that some feared. His wisest move has been to hand over responsibility for economic... 23rd June 2017 · 1 min read
Asia Economics Update Sri Lankan rates on hold, but further hikes can’t be ruled out Sri Lanka’s central bank left interest rates on hold today, and the less hawkish tone of the statement suggests the central bank’s tightening cycle may be nearing an end. We are changing our forecast... 23rd June 2017 · 1 min read
Emerging Markets Economics Update Winners and losers from the latest drop in oil Within the EM world, the main beneficiaries of the recent drop in oil prices are Korea, India, Turkey, and South Africa, while the biggest losers are the Gulf States, Russia and Nigeria. That being... 22nd June 2017 · 1 min read
Emerging Markets Economics Chart Pack Steady as she goes The latest economic data from across the emerging world have been mixed but our EM GDP Tracker suggests that growth has levelled off at around 4% y/y. While China’s growth has now passed its peak... 16th June 2017 · 1 min read
Asia Economics Weekly No need to panic over rapid credit growth in the Philippines The recent acceleration in credit growth in the Philippines is unlikely to lead the central bank (BSP) to hike interest rates at its meeting on Thursday. However, it could prompt the BSP to introduce... 16th June 2017 · 1 min read
Asia Chart Pack Asia well placed to withstand Fed interest rate hikes The US Fed looks almost certain to raise interest rates at its meeting later today. For most of Emerging Asia, higher rates in the US do not pose a major threat, even if the US Fed ends up hiking... 14th June 2017 · 1 min read
Asia Data Response Philippines and Taiwan Consumer Prices (May) The fall in Philippines inflation from 3.4% y/y in April to 3.1% y/y in May adds weight to our view that it is now past its peak. The modest decline was a touch lower than our forecast of 3.2%... 6th June 2017 · 1 min read
Emerging Markets Economics Update More to structural EM weakness than investment behaviour Our view that EMs have entered a period of structurally weaker growth has started to become the mainstream, but there is a tendency to misdiagnose this as solely a problem of deficient investment... 5th June 2017 · 1 min read
Asia Economics Update What to make of Korea’s supplementary budget? South Korea’s new government today announced plans for a supplementary budget worth 11.2trn won (0.7% of GDP). But with parliament approval by no means guaranteed, we are not raising our growth... 5th June 2017 · 1 min read
