Asia Economics Update Indonesia under President Prabowo Having stormed to victory in February’s presidential election, Prabowo Subianto, a former army general and the current defence minister, will take over from Joko Widodo on Sunday (20 th October)... 15th October 2024 · 3 mins read
Asia Economics Weekly Korea cuts, Bank Indonesia on a knife edge The Bank of Korea cut interest rates today and we are expecting the central banks of Thailand and the Philippines to follow suit at their scheduled meetings on Wednesday. The Monetary Authority of... 11th October 2024 · 8 mins read
Asia Economics Update Asia: key client questions answered We recently held a series of Asia-focussed roundtable discussions with clients in London, covering an array of topics including the impact of Fed easing, the US election, global fracturing and China’s... 1st October 2024 · 6 mins read
Asia Economic Outlook Policy easing to gather pace We are expecting another year of below-trend economic growth in 2025 across Asia, as subdued exports, worsening labour markets and tighter fiscal policy weigh on demand. Inflation is back to target... 23rd September 2024 · 28 mins read
Asia Economics Weekly Sri Lanka election risks, new Indonesia rate forecast Sri Lanka has enjoyed a steady, if unspectacular recovery from the 2022 debt default crisis. However, this progress could be put at risk depending on the results of this weekend’s presidential... 20th September 2024 · 6 mins read
FX Markets Update We think Asian currencies’ rallies will slow, not stop We expect most Asian currencies to make further gains against the US dollar over time, even if their biggest rallies may now be behind them. 27th August 2024 · 5 mins read
Asia Economics Weekly Taiwan defies dovish shift among Asia’s central banks The common theme across the three central bank meetings in Asia this week was that inflation concerns are fading, partly due to a rebound in currencies, and policymakers appear a bit more concerned... 23rd August 2024 · 5 mins read
Asia Rapid Response BI hints at rate cuts in Q4 Bank Indonesia today left its policy rate unchanged at 6.25%, but the central bank’s dovish commentary supports our view that rates will be cut before the end of the year. We expect the central bank... 21st August 2024 · 2 mins read
Asia Rapid Response Indonesia GDP (Q2, 2024) The national accounts data released today suggest that economic growth remained broadly stable last quarter, but we don’t have much faith in the official data. With economic activity set to weaken in... 5th August 2024 · 2 mins read
Asia Economics Weekly Korea: contraction in Q2, weak H2 Second quarter GDP figures for Korea, due to be published next week, are likely to show the economy contracted last quarter. Growth in the second half of the year is also likely to struggle, with weak... 19th July 2024 · 6 mins read
Asia Rapid Response Indonesia Policy Rate (July 2024) Bank Indonesia today left its policy rate unchanged at 6.25%, but the central bank’s dovish commentary supports our view that rates will be cut in Q4. Today’s decision was correctly predicted by all... 17th July 2024 · 2 mins read
Asia Economics Weekly Korea: assessing the impact of the strike at Samsung Even if the strike by workers at Samsung Electronics is brought to an end soon, it has served to highlight once again the inflexibility of Korea’s labour market and the poor state of industrial... 12th July 2024 · 7 mins read
Asia Economics Update What next for the Indonesian rupiah? A narrowing of the current account deficit and a decline in the share of government bonds held by non-residents means the rupiah is much less exposed to sudden shifts in global risk appetite than in... 11th July 2024 · 2 mins read
Asia Economics Focus Will Indonesia breach its budget deficit limit? The recent rise in public spending and fall in revenues has sent the Indonesian government’s budget deficit veering towards the constitutional 3% of GDP limit. And it’s unclear how the president-elect... 10th July 2024 · 9 mins read
