Asia Economics Update Asia's industrial slowdown is bottoming out The November manufacturing sector PMIs in India, Taiwan, and Korea, which were published today, all climbed relative to October. Strong intra-regional trade and the pick-up in domestic demand are... 1st December 2010 · 1 min read
Asia Economics Update Australia's GDP slowdown will be short-lived Australia’s economy in Q3 expanded for the seventh consecutive quarter, albeit at a slow pace. The outlook is upbeat. GDP growth should accelerate soon to an above-trend pace, with investment leading... 1st December 2010 · 1 min read
Asia Economics Update Thailand makes the right move The Bank of Thailand (BoT), in a surprise move earlier today, lifted its policy rate by 25bp to 2.0%. Domestic demand is well placed to lift GDP growth during the course of 2011, which means that... 1st December 2010 · 1 min read
Asia Economic Outlook Asia's slowdown to bottom soon (Q4 10) The post-recession rebound in most of Latin America is showing signs of slowing but growth is likely to remain fairly strong over the coming quarters. We still expect the region to expand by around 4... 1st December 2010 · 1 min read
Asia Economics Update India's upswing will stay in good shape Q3 GDP data in India, published today, showed that the economy continued to expand at a rapid pace. The upswing will probably stay strong and slowing inflation will remain the top policy priority. We... 30th November 2010 · 1 min read
Asia Economics Update Pakistan's central bank has probably tightened enough The central bank in Pakistan (SBP) today lifted its discount rate by 50bp to 14.0%, as we had expected. The annual gain in consumer prices should peak in coming months and inflation pressures from the... 29th November 2010 · 1 min read
Asia Economics Weekly India's upswing to stay in good shape This week’s Q3 GDP data in India will probably show that growth slowed in y/y terms to 8.6%. Nevertheless, our estimate of the GDP trend in q/q seasonally-adjusted terms suggests that growth... 29th November 2010 · 1 min read
Asia Economics Update The Philippines still set for above-trend growth in 2011 Q3 GDP in the Philippines, published today, was down in q/q terms. We were the only one of those surveyed by Bloomberg to forecast that there would be a contraction, but we remain positive on the... 25th November 2010 · 1 min read
Asia Economics Update Sri Lanka targets growth over fiscal consolidation Sri Lanka’s budget for 2011, announced today, aims to sustain the upswing by cutting taxes and by lifting private sector investment. While GDP growth will probably stay rapid next year, the budget... 22nd November 2010 · 1 min read
Asia Economics Update Growth in Malaysia is returning to what is normal Q3 GDP data in Malaysia, released today, were weaker than expected, as was the case with the figures from Thailand. Nevertheless, the big picture is the same in both countries. The expansion is... 22nd November 2010 · 1 min read
Asia Economics Update Better balanced growth on the way in Thailand Today’s Q3 GDP data for Thailand were weak but growth is just adjusting to what is normal and can be sustained. What’s more, most of the slowdown has probably now come through. We expect the economy... 22nd November 2010 · 1 min read
Asia Economics Weekly Thailand's upswing to pause but unlikely to stall Q3 GDP data are released in Thailand on Monday and will probably show that the economy contracted in q/q terms. However, this should be viewed as just part of the inevitable adjustment to an expansion... 22nd November 2010 · 1 min read
Asia Economics Update The Philippines' tightening cycle to begin soon The Philippines’ central bank (BSP) kept its key policy rate unchanged at 4.0% today, as expected. The strong peso is doing some of the heavy-lifting for the BSP, but rates will probably need to move... 18th November 2010 · 1 min read
Asia Economics Update Slowdown looming for Taiwan The Philippines’ central bank (BSP) kept its key policy rate unchanged at 4.0% today, as expected. The strong peso is doing some of the heavy-lifting for the BSP, but rates will probably need to move... 18th November 2010 · 1 min read
Asia Economics Update Inflation concerns suggest Singapore dollar to rise further The upward revisions to Singapore’s Q3 GDP figures, published today, were small. The data will stay wild for some time yet and the economy will expand at a far slower pace in 2011 than will be the... 18th November 2010 · 1 min read
Asia Economics Update More Bank of Korea rate hikes on the way The Bank of Korea (BoK) hiked its policy rate by 25bp to 2.5% today, in a move we had expected but which surprised the Bloomberg consensus. The economy should regain momentum over the next 12 months... 16th November 2010 · 1 min read
