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
Asia Economics Focus Will Asia benefit from China's plunging US exports? Parts of South East Asia, notably Vietnam, as well as India are well placed to immediately gain market share in response to penal US tariffs on Chinese imports. But uncertainty over the future tariff... 29th April 2025 · 14 mins read
Asia Economics Weekly Asia Weekly: Korea construction slump, BI on hold Korea’s economy remains in the doldrums, with figures published earlier this week showing the economy contracted by 0.2% in the first quarter. Investment was particularly weak, dragged down by a sharp... 25th April 2025 · 8 mins read
Asia Rapid Response Korea GDP (Q1 adv, 2025) Korea’s economy weakened further in Q1 and we expect activity to remain weak in the near term due to headwinds from tariffs and the bleak outlook for the construction sector. 24th April 2025 · 2 mins read
Asia Economics Weekly Tariff exemption boost, Singapore goes to the polls The recent US decision to exempt a range of electronics—including smartphones, semiconductors, and TVs—from tariffs offers temporary relief to Asian exporters, particularly Taiwan, where over 60% of... 17th April 2025 · 8 mins read
Asia Economics Update Korea: not the end of the easing cycle The Bank of Korea today left interest rates unchanged, but the dovish commentary from the press conference and the statement suggest further cuts are coming. We are sticking with our view that rates... 17th April 2025 · 3 mins read
Asia Economics Weekly Asia Weekly: Relief in Asia Trump’s 90-day pause on reciprocal tariffs offers welcome breathing room for Asia (outside China), and the region should avoid the worst of the fallout of the trade war. While the 10% universal tariff... 11th April 2025 · 9 mins read
Asia Economics Update Korea: Easing political crisis won’t be a gamechanger Korea’s Constitutional Court upheld President Yoon’s impeachment today which should ease concerns around Korea’s democratic institutions and institutional frameworks. With fresh presidential elections... 4th April 2025 · 4 mins read
Asia Economics Update First thoughts on the impact of US tariffs on Asia Asian economies will be hit harder than most by US reciprocal tariffs. We were already expecting more rate cuts than the consensus in most countries in the region, but there’s now a risk that central... 3rd April 2025 · 3 mins read
Commodities Update The makings of a global LNG glut With demand for LNG unlikely to keep pace with the looming surge in supply over the coming years, a glut of natural gas will weigh heavily on benchmark prices in Asia and Europe. Our forecasts for... 2nd April 2025 · 5 mins read
Asia Economics Update Asia March PMIs, Korea Trade The March PMIs for Asia were generally subdued, supporting our view that GDP growth in the region is set to remain below trend in the near term. And with inflation back to target in most economies, we... 1st April 2025 · 2 mins read
Asia Economics Weekly Asia Weekly: Tariffs centre stage as rupiah wobbles Donald Trump’s plan to impose a 25% tariff on all automotive imports from April 3rd could have significant consequences for parts of Asia, particularly Korea and Japan, where auto exports account for... 28th March 2025 · 6 mins read
