Emerging Asia Data Response Manufacturing PMIs & Korea Trade (Feb.) Manufacturing PMIs in Emerging Asia rose in February, helped by a rebound in the export orders sub-component. While the data provide the first tentative signs that the worst may be over for the region... 1st March 2023 · 2 mins read
Emerging Markets Economics Update EM investment: weak outlook and clear divergence EM investment surged far above pre-pandemic levels last year, but there was a clear divergence across countries and we think investment growth will slow in 2023. One worrying development is that... 20th February 2023 · 4 mins read
Emerging Asia Economics Update Philippines: tightening cycle not over yet The central bank of the Philippines today raised its main policy rate by a further 50bps (to 6.00%) and increased its inflation forecast for this year significantly. We are revising our interest rate... 16th February 2023 · 2 mins read
Emerging Asia Rapid Response Philippines Monetary Policy Meeting (February) 16th February 2023 · 2 mins read
Emerging Asia Economics Weekly Philippines: inflation surprise to prompt 50bps hike In most of the region inflationary pressures are continuing to ease and central banks are preparing to bring tightening cycles to an end. A key exception is the Philippines, where a jump in headline... 10th February 2023 · 10 mins read
Event EM Drop-In: What China’s re-opening means for emerging markets 2nd February 2023, 3PM GMT China has made an abrupt shift away from zero-COVID, prompting a wave of market euphoria – and some anxiety – about a surge in demand.
Emerging Asia Data Response Philippines GDP (Q4) Growth slowed in Q4 and we expect the economy to weaken further over the coming quarters against a backdrop of weak global demand, high interest rates and elevated inflation. 26th January 2023 · 2 mins read
Event Asia Drop-In: The latest on China’s reopening, Asian monetary policy, and markets 26th January 2023, 8AM GMT China’s shift from zero-COVID is the big Asia story of the moment and our economists gave an update on what this means for the region’s growth outlook, including how quickly outbound tourism is rec
Emerging Asia Data Response Manufacturing PMIs & Korea Trade (Dec.) Manufacturing PMIs across the region rose slightly in December but remained weak overall. We continue to expect weaker global demand, high inflation and interest rates to drag on manufacturing ahead.... 3rd January 2023 · 2 mins read
Emerging Asia Economics Update Philippines: tightening cycle nearing an end The central bank in the Philippines today raised its main policy rate by 50bps (to 5.50%), but with Governor Felipe Medalla sounding more dovish than expected on inflation, we think the tightening... 15th December 2022 · 3 mins read
Emerging Asia Rapid Response Philippines Policy Rate (December 2022) 15th December 2022 · 2 mins read
Emerging Asia Economic Outlook Rate cuts in 2023 as growth slows Economic growth will slow sharply in most of the region in 2023 as higher interest rates and weaker exports drag on demand. Our GDP growth forecasts are below consensus in most countries. With... 13th December 2022 · 3 mins read
Emerging Asia Economics Weekly Good news on inflation (except in the Philippines) The past week has brought mostly good news on the inflation front. Of the nine countries in the region to have reported November inflation figures, the y/y rate dropped or was stable in eight of... 9th December 2022 · 6 mins read
Emerging Asia Chart Book Consumer resilience unlikely to last Most countries in the region have now reported GDP figures for the third quarter, and growth was generally faster than we (and the consensus) had expected. One factor behind this resilience was the... 29th November 2022 · 15 mins read
Emerging Asia Economics Update Philippines: more rate hikes coming The central bank of the Philippines (BSP) today raised its main policy rate by a further 75bps (to 5.0%), and we think further tightening is likely in the near term. But with inflation having probably... 17th November 2022 · 3 mins read
