Global Markets Update East Asian equities may hold up despite plunging exports Falls in exports from Korea and Taiwan have weighed on corporate earnings in these economies, but even if that continues for a while we think their equities will hold up fairly well. 23rd February 2023 · 4 mins read
Emerging Markets Economics Update EM banks well placed to face rising loan losses EM banks will face an increase in loan losses this year, but the good news is that banking sectors on the whole appear well-placed to absorb these, particularly in parts of Latin America, Emerging... 2nd February 2023 · 4 mins read
Event EM Drop-In: What China’s re-opening means for emerging markets 1675350000 China has made an abrupt shift away from zero-COVID, prompting a wave of market euphoria – and some anxiety – about a surge in demand.
Emerging Asia Data Response Taiwan GDP (Q4) Taiwan’s economy unexpectedly contracted in Q4, driven by a sharp fall in exports. We expect the economy to remain weak over the coming quarters as exports struggle amid a global recession and higher... 18th January 2023 · 2 mins read
Emerging Asia Data Response Manufacturing PMIs & Korea Trade (Dec.) Manufacturing PMIs across the region rose slightly in December but remained weak overall. We continue to expect weaker global demand, high inflation and interest rates to drag on manufacturing ahead. 3rd January 2023 · 2 mins read
Emerging Asia Economics Weekly Exporters take a beating, worse still to come Recent trade data from Emerging Asia have been downbeat and, with the global economy heading for recession, worse is still to come. 23rd December 2022 · 12 mins read
Emerging Asia Economics Update Taiwan: tightening cycle at an end Taiwan’s central bank today raised its main policy rate by 12.5bps (to 1.75%) but with inflation easing and growth set to struggle, we expect this hike to have marked an end to the tightening cycle. 15th December 2022 · 3 mins read
Emerging Asia Economic Outlook Rate cuts in 2023 as growth slows Economic growth will slow sharply in most of the region in 2023 as higher interest rates and weaker exports drag on demand. Our GDP growth forecasts are below consensus in most countries. With... 13th December 2022 · 3 mins read
Emerging Asia Chart Pack Consumer resilience unlikely to last Most countries in the region have now reported GDP figures for the third quarter, and growth was generally faster than we (and the consensus) had expected. One factor behind this resilience was the... 29th November 2022 · 15 mins read
Emerging Asia Economics Weekly Korean truckers on strike, Taiwan local elections The costs of a strike by Korean truck drivers – the second this year – are starting to mount, with steel and cement producers reporting disruption. A prolonged period of industrial action would be... 25th November 2022 · 7 mins read
Event Asia Drop-In: US-China relations, regional elections and more 1669276800 November's briefing on Asia’s big macro and market stories included discussion of US-China relations in the wake of the Xi-Biden meeting as well as the economic impact of Beijing’s looser zero-COVI
Emerging Asia Economics Weekly Tougher times ahead for Taiwan, COP27 Surging demand for electronics products helped Taiwan’s economy sail through the pandemic. But with this tailwind now turning into a headwind, growth looks set to slow sharply. 11th November 2022 · 6 mins read
Emerging Asia Chart Pack Policymakers increase currency support Central banks across the region have been stepping up the pace of intervention in foreign exchange markets to support their currencies, resulting in a drop in FX reserves. In most countries, reserves... 31st October 2022 · 15 mins read
Emerging Asia Data Response Taiwan GDP (Q3) Taiwan’s economy returned to growth in Q3, after the Omicron-induced slump in the second quarter, but we expect growth to weaken considerably over the coming quarters as exports struggle and the... 28th October 2022 · 2 mins read