Asia Data Response Philippines GDP (Q4) The Philippines saw another lacklustre rebound in GDP in Q4 and big improvements will be hard to come by in the quarters ahead. Output is unlikely to regain its pre-crisis level until the end of 2021. 28th January 2021 · 3 mins read
Asia Data Response Manufacturing PMIs (Nov.) PMI readings for Asia suggest that manufacturing conditions improved significantly in November. Buoyant global demand for electronics should continue to support the sector over the coming months. 1st December 2020 · 2 mins read
Asia Data Response Philippines GDP (Q3) The Philippines saw a lacklustre rebound in GDP in Q3 and improvements are likely to be harder to come by in the quarters ahead. Output is unlikely to regain its pre-crisis level until late next year. 10th November 2020 · 3 mins read
Asia Economics Update Philippines: more rate cuts after “continued pause” The central bank in the Philippines (BSP) left its main policy rate on hold at 2.25% today for a second consecutive meeting, but with the economic recovery proving to be one of the slowest in the... 1st October 2020 · 3 mins read
Asia Chart Pack Second wave unlikely to completely derail recoveries Having been among the fastest in the world at controlling the initial outbreak, Hong Kong, Vietnam and Korea are all at different stages of a second wave of infections. With new infections in Hong... 26th August 2020 · 14 mins read
Asia Economics Update Philippines: more rate cuts coming after “prudent pause” The central bank of the Philippines (BSP) left its main policy rate on hold at 2.25% today, but with the pandemic weighing heavily on the economy, we doubt the Bank has finished easing. 20th August 2020 · 3 mins read
Asia Data Response Philippines GDP (Q2) The Philippines experienced what is likely to be one of the biggest falls in output anywhere in Q2. A failure to contain the virus, continued restrictions to movement and inadequate policy support... 6th August 2020 · 3 mins read
Asia Economics Update Will Asia benefit from China’s strong rebound? China’s rapid economic recovery from the Global Financial Crisis did not play as big a role as is commonly assumed in supporting growth in the rest of Asia. We doubt a strong rebound in China from the... 24th July 2020 · 4 mins read
Asia Data Response Manufacturing PMIs (Jun.) The PMIs point to an improvement in manufacturing conditions last month, although many readings are still low and suggest that overall manufacturers continue to struggle. 1st July 2020 · 2 mins read
Asia Economics Update Philippines: more rate cuts coming The central bank in the Philippines (BSP) today cut its policy rate by a larger-than-expected 50bps, to 2.25%, and with economic activity unlikely to recover fully anytime soon, we expect further... 25th June 2020 · 3 mins read
Asia Economics Focus Which countries will rebound fastest? The high-frequency data that we track suggest that while economic activity is picking up across most of the region, the pace of recovery varies significantly by country. We expect China, Singapore... 8th June 2020 · 11 mins read
Asia Data Response Manufacturing PMIs (May) We suspect that PMI readings do not accurately reflect the change in industry conditions last month, but they are still indicative of the fact that output remains very depressed. 1st June 2020 · 2 mins read
Asia Economics Weekly Bumps in Korea’s recovery, how to interpret the PMIs A couple of new outbreaks of coronavirus in Korea’s capital city, Seoul, has led to renewed fears of a second wave of infections. The recent spike appears to have put the recovery on hold and has led... 29th May 2020 · 5 mins read
Asia Economics Update Philippines: lockdown extension to delay recovery With its lockdown being extended again today, the Philippines faces at least two more weeks before the economic recovery will begin. We think GDP will contract by 6% this year, which would make it one... 12th May 2020 · 2 mins read
Asia Economics Weekly Infections ease, but recovery proving slow Though there are notable exceptions, there are some encouraging signs that new infections of the coronavirus are falling in many places in Emerging Asia. The slowing spread of the virus should allow... 8th May 2020 · 6 mins read
Asia Data Response Philippines GDP (Q1) The larger-than-expected contraction in the Philippines economy in Q1 suggests that the lockdown there is having a severe impact on economic activity and that growth is likely to be even worse than we... 7th May 2020 · 3 mins read
