Asia Economics Update Dismal Thai GDP data suggest large rate cut imminent Today’s Q4 GDP numbers underscore the speed at which the Thai economy is deteriorating. With external demand set to contract even more over coming months and domestic demand weakening as well, worse... 23rd February 2009 · 1 min read
Asia Economics Update GDP collapse largely made in Taiwan Taiwan’s economy has been hurt by falling global demand but the roots of its weakness lie closer to home. This suggests that Taiwan will fare worse than its neighbours as global demands contracts and... 18th February 2009 · 1 min read
Asia Economics Update Disappointing budget passes the buck to the RBI The latest fiscal policy initiatives unveiled today in India will not boost its flagging economy. With exports plummeting and industry facing a severe credit crunch, there is increasing pressure on... 16th February 2009 · 1 min read
Asia Economics Update Further rate cuts in India imminent alongside fiscal easing With the economy reeling from the slowdown overseas and a domestic credit crunch, and with limited room for fiscal easing, the Reserve Bank of India (RBI) will cut rates fairly soon. We think the RBI... 12th February 2009 · 1 min read
Asia Economics Update Bank of Korea heading towards zero. The Bank of Korea’s decision to cut the policy rate by 50bp to a fresh low of 2.0% signals its determination to support a crumbling economy. We had already expected rates to fall to 1%, but the... 12th February 2009 · 1 min read
Asia Chart Pack Fiscal easing too late to prevent deep downturn in 2009 (Feb 09) As interest rates have fallen rapidly across much of the region, policy focus has turned towards fiscal measures to support Asia’s crumbling economies. But with most stimulus packages geared towards... 28th January 2009 · 1 min read
Asia Economics Update Reserve Bank of India not finished cutting rates The Reserve Bank of India’s (RBI) decision to keep the key policy rate unchanged has reinforced market expectations that rates will remain on hold in the next few month. But with the economy in the... 27th January 2009 · 1 min read
Asia Economics Update Bank of Korea not finished cutting rates The Bank of Korea’s decision to cut interest rates to a new low of 2.5% signals its determination to support a flagging economy. However, with exports plunging and domestic demand extremely weak, the... 9th January 2009 · 1 min read
Asia Chart Pack Collapsing exports dragging Asia into the mire (Dec 08) The sudden collapse in exports in November confirms that Asia is heading for a dramatic slowdown in 2009. With global demand for Asian goods set to weaken further in the months ahead, we expect GDP... 24th December 2008 · 1 min read
Asia Economics Focus Indian GDP growth set to halve as credit crunch bites The Indian economy is facing a severe credit crunch which will hit investment spending, the main driver of growth in recent years, extremely hard. We expect GDP growth to fall to around 4% next year... 17th December 2008 · 1 min read
Asia Economics Update Korean interest rates on course for 1%. The Bank of Korea’s decision to cut its key official rate by a full percentage point to 3.0% today has already taken it to a historic low. But with incoming data pointing to an outright recession next... 11th December 2008 · 1 min read
Asia Economics Update Policy easing in India won’t save the day The latest fiscal and monetary policy initiatives unveiled this weekend in India are unlikely to boost its flagging economy. With exports plummeting, industry facing a severe credit crunch and... 8th December 2008 · 1 min read
Asia Economics Update Policy easing in India won't prevent sharp slowdown With the aftershocks from the Mumbai terror attacks adding to the downside risks to growth, further rate cuts and a fiscal stimulus look imminent in India. But these measures are unlikely to ward off... 5th December 2008 · 1 min read
Asia Economics Update Thailand slipping into recession, rates to fall to 1% Today’s decision by the Bank of Thailand to cut official rates by a larger-than-expected 100bp to 2.75% is likely to be the first of a series of moves by the central bank to counter the possibility of... 3rd December 2008 · 1 min read
Asia Chart Pack Asia braces for worst slowdown since 1997 crisis (Nov 08) So much for decoupling. With the world headed for its worst recession since the 1930s, even the most resilient economies in the region will slow. We now expect growth in Asia ex-Japan to slow to... 12th November 2008 · 1 min read
