Emerging Markets Economics Update Reflections on recent elections Recent presidential elections in Poland, Romania and Korea have led to significant moves in their financial markets. But from a macro perspective, what also matters is the composition of the... 10th June 2025 · 4 mins read
Asia Economics Weekly Asia Weekly: Korea’s struggling economy, Indonesia’s fiscal stimulus Korea’s new president Lee Jae-myung faces an uphill battle to revive the flagging economy. GDP shrank in Q1 and early Q2 data suggest the economy may already be in recession. The stage is set for a... 6th June 2025 · 5 mins read
Asia Economics Update Can Korea afford post-election stimulus? President Lee’s pledge to provide fiscal stimulus would, if implemented, provide a much-needed lift to Korea’s economy. The country’s public finances could easily accommodate a temporary rise in... 5th June 2025 · 4 mins read
Asia Economics Update What to expect from Korea’s new president Victory for Lee Jae-myung of the Democratic Party (DP) in today’s presidential election in Korea should help bring to an end six months of political turmoil. Boosting the economy and agreeing a trade... 3rd June 2025 · 3 mins read
Asia Economics Update Korea: economy struggling but exports holding up The impact of the trade war on Korean exporters has so far been limited. Although exports to the US fell in May, the decline was modest and offset by strong demand from other markets. However, other... 2nd June 2025 · 3 mins read
Asia Economics Weekly Korea goes to the polls with economy struggling Korea’s election takes place against a backdrop of an economy that may already be in recession, given the weakness of data published this week. We expect fiscal stimulus from the new president and a... 30th May 2025 · 7 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (May 2025) Capital inflows into EMs have been resurgent over the past few weeks amid a broad improvement in global risk appetite. But while our base case is that EM markets eke out further gains, the range of... 29th May 2025 · 0 mins read
Asia Economics Update Bank of Korea set to cut rates further The dovish tone adopted by the Bank of Korea today, alongside what we think will be continued weakness of the economy suggest that further interest rate cuts are likely in the coming months. 29th May 2025 · 3 mins read
Asia Economics Weekly Asia Weekly: MAS and CBSL to loosen monetary policy further Data published earlier this week confirmed that Singapore’s economy contracted in the first quarter of the year. And with inflationary pressures very low, we expect the central bank to loosen policy... 23rd May 2025 · 6 mins read
Asia Economics Focus Korea: trade deal, fiscal stimulus priorities for next president Given the widespread public anger toward the impeached former president Yoon Suk Yeol of the People’s Power Party (PPP), following his botched attempt at declaring martial law, Lee Jae-myung of the... 21st May 2025 · 12 mins read
Asia Economics Weekly Asia’s uneasy trade countdown With just over 50 days left until the 90-day pause on Liberation Day tariffs expire, most countries in Asia appear to be making only slow progress on agreeing trade deals with the US. While many... 16th May 2025 · 7 mins read
Asia Economics Weekly Asia Weekly: Exports to US surge, dovish BSP Exports from Vietnam and Taiwan to the US have surged in recent months as US buyers have front-loaded orders ahead of the introduction of tariffs. The strength in exports is likely to continue in the... 9th May 2025 · 6 mins read
Emerging Markets Economics Update EM trade is performing well, but surveys look worrying The trade data available for March and April suggest that a large number of EMs have benefitted from a front-running of tariffs in recent months, particularly those across Asia (Taiwan, Vietnam and... 8th May 2025 · 4 mins read
Asia Economics Update Asia April Manufacturing PMIs The April PMIs for Asia fell sharply, providing the first sign that Trump tariffs are weighing on sentiment in the region. With concerns about growth mounting and inflation worries continuing to ease... 2nd May 2025 · 2 mins read
Asia Economics Update Korea: shrugging off the trade war (for now) Data published for Korea from the past few days suggests the economy remains weak, but that the trade war so far appears to be having a minimal impact. While exports to the US fell, the declines were... 1st May 2025 · 3 mins read
