India Economics Update Asia Manufacturing PMIs (September) The September PMI readings for most countries in Asia remained weak and we continue to expect manufacturing activity in the region to struggle in the near term. With growth set to soften and inflation... 1st October 2025 · 2 mins read
Asia Economics Weekly Indonesia-EU trade deal, Taiwan flaunts chips weapon Indonesia’s announcement of a trade deal with the European Union provided respite this week for a government that has been on the defensive with investors over the direction of policy. But it’s... 26th September 2025 · 6 mins read
Asia Economic Outlook Soft growth ahead, region to weather tariff threat Asia’s economies look set for further weak growth over the rest of this year and to the end of 2026, as tighter fiscal policy and softer exports outweigh resilient consumption, which is being... 25th September 2025 · 25 mins read
Asia Rapid Response Taiwan Interest Rate Announcement (Sep.) Taiwan’s central bank (CBC) left its main policy rate on hold today (at 2.00%) and, against the backdrop of rapid economic growth and low inflation, we expect policy settings to be left unchanged... 18th September 2025 · 2 mins read
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 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 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
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 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
Asia Rapid Response Taiwan GDP (Q2 2025, Adv. Estimate) Taiwan’s economy recorded another quarter of strong growth in Q2, of 3.1% q/q, on the back of a boom in exports which more than offset a further slowdown in domestic demand. This pace of growth is... 31st July 2025 · 3 mins read
China Economics Update China trip notes – shrugging off trade tensions We spent last week in Beijing and Shanghai visiting clients. The mood in China was not as downbeat as a year ago and our sense is that many companies and residents have adapted to the new normal of... 29th July 2025 · 5 mins read
Asia Economics Weekly Thai-Cambodia border clashes, more trade deals agreed Border clashes between Thailand and Cambodia have led to falls in Thai financial markets, but the broader economic fallout should be modest. Other risks, which include deflation, political uncertainty... 25th July 2025 · 9 mins read
Asia Economics Update Taiwan’s legislature could flip behind the president Taiwan’s gridlocked government could secure a legislative majority and freedom to enact its policy goals if recall votes next week go its way. The immediate implications for the economy are limited –... 18th July 2025 · 4 mins read
Asia Economics Weekly Asia Weekly: Tariff uncertainty to drag on, export boom won’t last The reciprocal tariff rates announced this week as part of Liberation Day 2.0 were largely unchanged from April, though a few smaller countries in South East Asia saw their rates cut. While the lack... 11th July 2025 · 8 mins read
Asia Economics Update Demographic decline: what Taiwan can learn from Korea Taiwan and Korea face some of the world’s worst demographic headwinds with working-age populations set to shrink by 1% a year over the next decade. Efforts to boost fertility have largely failed, and... 7th July 2025 · 3 mins read
Asia Economics Update What next for the Taiwan dollar? The Taiwan dollar has appreciated sharply against the US dollar in recent months but, for a host of reasons, the central bank seems now to be less tolerant of further currency strength. Even without... 2nd July 2025 · 6 mins read
