Asia Data Response

Thailand GDP (Q4)

Figures published today reveal that Thailand’s economy was in a poor state, even before the coronavirus hit. With tourist arrivals collapsing and the disruption from factory closures in China likely...

17th February 2020 · 3 mins read

Asia Economics Update

Bank of Thailand to ease further

The Bank of Thailand (BoT) cut interest rates today, and with the economy being hit hard by a slump in tourist arrivals as well as disruption to its industrial sector as the coronavirus continues to...

5th February 2020 · 3 mins read

Asia Data Response

Manufacturing PMIs and Korea Trade (Jan.)

PMIs for Emerging Asia (ex. China) and Korean trade data were mostly unchanged in January, but neither give a good indication of how the coronavirus has hit the regional economy most recently. With...

3rd February 2020 · 3 mins read

Asia Economics Weekly

Taiwan election, Thailand’s currency dilemma

Given her huge lead in the opinion polls, it will come as a major surprise if Tsai Ing-wen is not re-elected for a second and final term as Taiwan’s president on Saturday. However, whether Tsai can...

10th January 2020 · 6 mins read

Asia Data Response

Manufacturing PMIs (Dec.)

PMIs for Emerging Asia (ex. China) improved slightly in December, which is consistent with our view that while regional growth remains weak, it has at least bottomed out.

2nd January 2020 · 2 mins read

Asia Economics Weekly

BoK to cut again, Sri Lanka on slow road to recovery

Minutes from the Bank of Korea’s (BoK) November rate meeting reveal that while only one of the seven members of its Monetary Policy Board voted for a cut, other members also struck a dovish tone. We...

20th December 2019 · 9 mins read

Asia Economics Focus

What to expect in 2020 and how we differ from consensus

Growth in Emerging Asia has struggled over the past year. While most economies should stage a modest recovery over the coming quarters on the back of looser fiscal and monetary policy, with China...

19th December 2019 · 9 mins read

Asia Economics Update

Thailand: rates on hold, but further easing next year

The Bank of Thailand (BoT) left its policy rate unchanged today, but further rate cuts are likely next year.

18th December 2019 · 2 mins read

Asia Data Response

Manufacturing PMIs (Nov.)

PMIs for Emerging Asia (ex. China) were slightly more positive in November, suggesting that while industry remains weak it is starting to recover. The continued improvement in PMIs for China provides...

2nd December 2019 · 2 mins read

Asia Economics Update

A slow recovery ahead

GDP growth was either flat or picked up slightly in most parts of Emerging Asia last quarter, and we think regional growth will rise gradually over the coming year helped by a slow recovery in exports...

22nd November 2019 · 3 mins read

Asia Data Response

Thailand GDP (Q3)

GDP growth in Thailand only managed to nudge up in Q3, and with global growth set to drag on exports we expect the economy to remain sluggish in the quarters ahead.

18th November 2019 · 3 mins read

Asia Economics Update

Bank of Thailand cuts rates, more easing likely

The Bank of Thailand (BoT) cut its key policy rate to 1.25% today, and with economic growth set to remain weak and concerns about the strength of the baht mounting, we think the central bank will...

6th November 2019 · 3 mins read

Asia Data Response

Manufacturing PMIs (Oct.)

PMIs for Emerging Asia (ex. China) softened slightly last month and continue to suggest that industry remains weak. The PMIs for China gave mixed signals, but on balance provide some hope for a pickup...

1st November 2019 · 2 mins read

Asia Economics Update

Thailand: rates on hold, but cut likely before year-end

The Bank of Thailand (BoT) left interest rates unchanged at 1.50% today, but with economic growth set to remain weak and concerns about the strength of the baht mounting, we think the central bank...

25th September 2019 · 3 mins read

Asia Data Response

Korea Trade, Manufacturing PMIs (Aug.)

Weak trade data for Korea and the weakness of regional manufacturing PMIs in August suggest that economic conditions failed to improve in the middle of this quarter. While we suspect that regional GDP...

2nd September 2019 · 3 mins read