Asia Economics Focus Pakistan election: major challenges await next PM The priority for whoever wins Pakistan’s general election on 8 th February will be to agree a new deal with the IMF, which should help put the struggling economy on a more stable footing. But... 1st February 2024 · 8 mins read
China Chart Pack China Chart Pack (Jan. 2024) China’s economy has regained some strength recently. We expect this to continue over the coming months, on the back of support from fiscal policy and a further pick-up in household spending. But with... 31st January 2024 · 1 min read
Asia Chart Pack Emerging Asia Chart Pack (Jan. 2024) Economic growth in most of Emerging Asia is likely to slow in the near term as weak global demand and high interest rates weigh on prospects. With growth set to struggle and inflation likely to ease... 31st January 2024 · 0 mins read
China Rapid Response Hong Kong GDP (Q4 Preliminary) Hong Kong’s growth picked up only marginally in Q4, underperforming most expectations. And although we foresee some further upside as foreign visitors and workers continue to return, we think the... 31st January 2024 · 2 mins read
Asia Rapid Response Philippines GDP (Q4) GDP growth remained well above trend in Q4 but we don’t expect this strength to last as the deceleration in credit growth feeds through to domestic demand while the external sector continues to... 31st January 2024 · 2 mins read
China Rapid Response PMIs (Jan.) There were some gains in economic momentum at the start of 2024, at least judging by the modest rise in the PMIs. Admittedly, the survey readings are still depressed by historic standards, but this... 31st January 2024 · 3 mins read
Asia Economics Update Monetary easing in Singapore likely in April The Monetary Authority of Singapore (MAS) kept monetary policy settings unchanged today but weaker growth and easing concerns about inflation are likely to prompt the central bank to loosen policy in... 29th January 2024 · 3 mins read
Asia Economics Weekly Korean consumer weakness, SBP to sound hawkish Korea’s GDP figures published this week show that, although the economy held up relatively well last quarter, the recovery is becoming increasingly lobsided. Exports have been strong, but domestic... 26th January 2024 · 9 mins read
China Economics Weekly Stimulus only firing on one cylinder Large-scale liquidity injections have had little impact on economic activity recently and the upcoming RRR cut is likely to be no different. Quantitative monetary policy tools are ineffectual in an... 26th January 2024 · 7 mins read
Global Markets Update China’s tech sector could continue to do well We think the “tech” sectors of China’s stock market are the best prospects to lead a continued rebound in it, even if we doubt they’ll fare as well as their global tech peers over the next couple of... 26th January 2024 · 5 mins read
Asia Rapid Response Korea GDP (Q4) Economic growth in Korea held up better than expected in Q4 but we expect the economy to grow below trend over the next couple of quarters as export growth softens in near term while tight fiscal and... 24th January 2024 · 2 mins read
China Economics Update PBOC still only easing with caution The People’s Bank’s policy announcements today will provide only a small boost for China’s economy. Meaningful improvements in household or corporate borrowing would require substantial rate cuts or a... 24th January 2024 · 4 mins read
Asia Rapid Response Malaysia: Monetary Policy Meeting The central bank (BNM) left the overnight policy rate unchanged (at 3.0%) today and we think monetary policy is set for an extended pause as policymakers attempt to strike a balance between supporting... 24th January 2024 · 2 mins read
China Activity Monitor CAP: Recovery continuing at the end of 2023 Our China Activity Proxy (CAP) suggests that economic output ended 2023 above the high it reached before growth spluttered in the middle of the year. With policy support still flowing, a further... 23rd January 2024 · 3 mins read
China Economics Focus Still unbalanced, still unsustainable Despite repeated talk about the need to rebalance China’s economy over the past decade and a half, there has so far been little meaningful reduction in its dependence on investment and on exports. In... 22nd January 2024 · 15 mins read
