Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (Sep. 2025) EM GDP growth generally held up well in H1 but we think it will soften over the second half of the year as US tariffs, tighter fiscal policy and slowing wage growth bite. The inflation outlook is... 17th September 2025 · 1 min read
Asia Economics Focus Korea unpacked: the outlook for the year ahead Korea’s economy has rebounded strongly in recent months. However, we don’t expect this to last. Weaker exports, fading fiscal support and the continued downturn in the property market are likely to... 16th September 2025 · 10 mins read
Asia Economics Update Korea: worries about financial risks overblown Worries that interest rate cuts in Korea are stoking financial risks look overdone. Property prices across most of the country are either flat or falling, while household debt is declining as a share... 1st September 2025 · 3 mins read
Asia Economics Update Asia Manufacturing PMIs (August) The August PMI readings for most countries in Asia were subdued and we continue to expect manufacturing in the region to struggle in the near term. And with inflation set to remain contained, we think... 1st September 2025 · 3 mins read
Asia Economics Weekly Encouraging signs of economic turnaround in Korea The monthly activity data released over the past week suggest that Korea’s economy made a decent start to the third quarter. Stronger consumption and rising government spending should support growth... 29th August 2025 · 6 mins read
Asia Economics Update Korea: On hold, but further easing coming The Bank of Korea left interest rates unchanged today at 2.50% but made clear hints in its statement and press conference that this does not mark the end of the easing cycle. With growth set to... 28th August 2025 · 3 mins read
Asia Economics Weekly Asia Weekly: A close call in Korea, BI’s surprise cut While most analysts expect the Bank of Korea to keep rates unchanged at Thursday’s meeting, we are forecasting a cut. Although GDP growth rebounded last quarter, the poor prospects for construction... 22nd August 2025 · 6 mins read
Asia Economics Update More to strong Asian exports than tariff front-running Strong growth in exports from Asia in the first half of the year has fuelled talk that, with US tariffs now in place, shipments will fall sharply as tariff front-running ends. But we’re not convinced... 19th August 2025 · 6 mins read
Asia Economics Update Property downturn to weigh on Korea’s economy Weak investment will remain a drag on Korea’s economy over the coming quarters, as a prolonged downturn in the property sector continues to weigh on construction. 18th August 2025 · 2 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (Aug. 2025) Our View: The Q2 GDP figures out so far point to robust growth across much of the emerging world, but we think growth will soften over the second half of the year. While growth across much of Asia... 14th August 2025 · 1 min read
Asia Economics Update Korea: consumer spending on the mend Consumer spending in Korea rebounded last quarter and should remain strong over the coming year as government stimulus, rate cuts, and rising wages support demand. But the ongoing downturn in the... 5th August 2025 · 2 mins read
Asia Economics Weekly Asia Weekly: Trump's tariffs and what they mean for Asia Most countries in Asia will face tariffs of 15–25% on their exports to the US. While the tariffs are higher than we initially assumed, the impact on most countries will be manageable since they won’t... 1st August 2025 · 7 mins read
Global Economics Update New US tariff regime still not the end of the story President Trump’s latest flurry of tariffs implies that the US effective tariff rate will rise to about 18%, from 2.3% last year. That is a little higher than we assumed and so presents modest... 1st August 2025 · 5 mins read
Asia Economics Update Asia Manufacturing PMIs (July) The July PMI readings for most countries in Asia were subdued and we continue to expect activity in Asia’s export-oriented manufacturing sectors to struggle in the coming months. And with inflation... 1st August 2025 · 2 mins read
