Asia Economics Update External strains unlikely to ease as tourism slump drags on Countries across Emerging Asia are making renewed efforts to reopen their borders to boost flagging tourism sectors. However, ongoing travel restrictions and the spread of the more infectious Delta... 22nd September 2021 · 3 mins read
Emerging Markets Economics Chart Pack Debt risks come back to the fore Problems at Evergrande in China have dominated the headlines recently, but (sovereign) debt risks are brewing in other EMs too. Concerns about higher government spending and rising public debt levels... 21st September 2021 · 9 mins read
Asia Economics Weekly Encouraging signs in South East Asia Virus outbreaks across South East Asia are in retreat. Having taken a severe hit from the most recent Delta wave, economic recoveries in the region should now resume. Falling virus cases and reopening... 10th September 2021 · 4 mins read
Asia Data Response Manufacturing PMIs (Aug.) Falling output indices in Korea and Taiwan suggest that the virus disruption in South East Asia is reverberating across the region. The end of supply chain shortages continues to slip further out of... 1st September 2021 · 2 mins read
Asia Chart Pack Exports won’t come to the rescue in H2 Q2 GDP data released over the past month or so did not show a repeat of the across-the-board rises in exports seen in previous quarters, but the external sector still proved an important prop to GDP... 31st August 2021 · 13 mins read
Asia Economics Weekly South East Asia: hit from Delta will be slow to fade There are some signs that the Delta outbreak battering South East Asia is at least past its worst. But a rapid turnaround in the region’s economic fortunes looks unlikely. 27th August 2021 · 6 mins read
Emerging Markets Activity Monitor Em. Europe & Lat Am leading the recovery in Q3 Most economies in Emerging Europe and Latin America look set for a strong third quarter and, while the near-term outlook for Southeast Asian economies remains challenging, high-frequency mobility... 25th August 2021 · 3 mins read
Asia Economics Update Shortages to remain a drag on global manufacturing There are growing signs that global demand for Asian consumer goods has peaked. Despite this, supply shortages look set to persist for some time amid growing evidence that surging virus cases across... 20th August 2021 · 2 mins read
Asia Economics Weekly Bank of Korea to hike rates next week With new cases of COVID-19 rising, most analysts expect the Bank of Korea (BoK) to leave rates unchanged on Thursday. While it is likely to be a close call, we are sticking with our view that the... 20th August 2021 · 5 mins read
Emerging Markets Economics Chart Pack Asia bucks the monetary policy trend Several EM central banks have continued to tighten monetary policy over the past month or so in response to strong reopening rebounds (Chile, Czech Republic, Hungary) and/or rising inflation concerns... 18th August 2021 · 10 mins read
Asia Data Response Thailand GDP (Q2) The surprise rise in Thai Q2 GDP is unlikely to be repeated this quarter as cases surge and the vaccine rollout makes only slow progress. The tourism sector is still on its knees, meaning any recovery... 16th August 2021 · 3 mins read
Asia Economics Weekly Slow vaccine progress will delay return to normality Slow vaccine rollouts mean the economic disruption from COVID-19 is likely to last well into next year in many countries. There are a few exceptions though. In particular, Singapore has already... 13th August 2021 · 7 mins read
Asia Economics Update Baht to weaken further as external deficit widens The worsening prospects for the Thai economy and the shift in the current account from a huge surplus to a sizeable deficit mean the Thai baht is likely to weaken further over the coming year. 6th August 2021 · 3 mins read
Asia Economics Weekly Rate cuts coming in Thailand and the Philippines Whereas several EM central banks are in the middle of aggressive tightening cycles, Thailand and the Philippines are likely to resume rate cutting soon. 6th August 2021 · 7 mins read
Emerging Markets Economics Update The Delta variant and EM tourism troubles The rapid spread of the Delta variant of the coronavirus adds to reasons to think that lacklustre economic recoveries lie in store for tourism-dependent economies in Africa, parts of the Middle East... 4th August 2021 · 3 mins read
Asia Economics Update Bank of Thailand to lower rates further The Bank of Thailand (BoT) left its policy rate on hold at 0.5% today as expected. Given the deteriorating outlook for the economy and with two of the six MPC members voting for a rate cut, we now... 4th August 2021 · 3 mins read
