The 6% decline in the Korean won since the start of the year does not pose a major threat to the economy. However, policymakers are clearly irked by the decline in the currency, with officials from the Bank of Korea describing the decline as “excessive”. Despite the poor outlook for the economy, the recent drop in the won means the central bank is likely to leave interest rates unchanged at its upcoming meeting.
With the three main elections of the year in Asia now out of the way, it is pretty much a case of as you were. The incumbents in Indonesia and India have been comfortably re-elected, while Thailand’s political future remains as uncertain as ever.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services