Asia Rapid Response Thailand Monetary Policy Announcement Thailand’s central bank (BoT) today resisted pressure from the government to loosen monetary policy, but with growth set to remain weak and inflationary pressures very subdued, we still think rate... 10th April 2024 · 3 mins read
Asia Economics Focus Taiwan: Global AI spending will drive rapid growth Taiwan will be one of the main beneficiaries of a lengthy global AI investment boom. We expect its economy to growth much faster over the rest of this decade than it did during the 2010s. 9th April 2024 · 8 mins read
Asia Rapid Response Philippines Monetary Policy Announcement (April) The central bank in the Philippines (BSP) today left its main policy rate unchanged (at 6.50%), but sounded more hawkish than we had expected on inflation. Accordingly, we are pushing back the timing... 8th April 2024 · 2 mins read
Asia Economics Weekly BoT decision on a knife edge Inflation in Thailand was still negative last month, according to data released earlier today. With recent activity subdued, the central bank will have to change tack and start loosening policy soon... 5th April 2024 · 8 mins read
China Economics Weekly Policy support for car sales won’t ease trade tensions The PBOC’s scrapping of the regulatory minimum down payment for car loans may help boost vehicle demand in the short run. But it won’t be enough to prevent a further increase in car exports, so... 5th April 2024 · 7 mins read
India Economics Update RBI policy pivot creeping closer The RBI kept the repo rate on hold at 6.50% today as expected but the more interesting aspect was the slight dialling down of its hawkish rhetoric. With inflation grinding down towards the central... 5th April 2024 · 2 mins read
Asia Economics Update Vietnam: Central bank to cut rates further to boost growth Vietnam’s banks are likely to remain cautious this year and both credit and GDP growth are likely to come in below trend. The central bank will have to cut rates further to stimulate demand. 4th April 2024 · 4 mins read
Asia Economics Update The earthquake threat to Taiwan’s chip supply Taiwan’s chip industry has invested heavily in making its facilities resilient to earthquakes. Disruption to production is unavoidable when a large earthquake strikes, but firms are usually able to... 3rd April 2024 · 3 mins read
China Chart Pack China Chart Pack (Mar. 24) China’s economy continued to recover in the first months of the new year. And we think fiscal support will keep supporting growth in the near-term. That said, the property sector remains a drag on the... 3rd April 2024 · 1 min read
Capital Daily Is the India/China equity market narrative shifting? We think China’s equities could fare better than those in India in the near term. Note: We will be discussing the outlook for Chinese equities in a special 20-minute online briefing on Thursday 4th... 3rd April 2024 · 4 mins read
Emerging Markets Economics Update PMIs show that EM industry continues to strengthen The rise in the aggregate EM manufacturing PMI to a three-year high in March was largely driven by strength in Asian industry, with activity elsewhere weaker. While slower growth in DMs should weigh... 2nd April 2024 · 2 mins read
Asia Economics Update Manufacturing PMIs & Korea Trade (Mar.) The PMIs from Emerging Asia remained weak in March. We think manufacturing sectors across most of Asia will struggle in the near term but activity in Korea and Taiwan is likely to remain strong. 1st April 2024 · 2 mins read
China Rapid Response China PMIs (Mar. 2024) Sizeable rises in the PMIs in March are consistent with improved economic momentum and/or the easing of sentiment effects that have weighed on the surveys recently. Either way, they add to wider... 1st April 2024 · 3 mins read
China Economics Weekly President Xi courts foreign firms President Xi has taken some steps to reassure foreign firms, many of whom remain keen to invest in China. But his wider agenda conflicts with establishing a level playing field for foreign firms. And... 28th March 2024 · 6 mins read
Global Economic Outlook On course for a soft landing In the quarters ahead, economic activity in most of the world will be characterised by soft landings. We expect GDP growth to be below trend, but meaningful recessions should be avoided and the US... 28th March 2024 · 45 mins read
Asia Economics Weekly MAS likely to loosen policy later than most in Asia Singapore was an outlier within Asia in terms of how high inflation spiked and it still has higher core inflation than most other economies in the region. The core rate is likely to remain above... 28th March 2024 · 6 mins read
