China Rapid Response China PMIs (Mar. 2025) The official PMIs suggest that infrastructure spending is ramping up again and that exports have so far remained resilient in the face of US tariffs. But the surveys are still consistent with slower... 31st March 2025 · 3 mins read
China Chart Pack China Chart Pack (Mar. 25) Mounting US tariffs will add to a broader slowdown in exports this year. Domestic headwinds are also set to persist. A significant loosening of fiscal policy will help support the economy, but we don... 28th March 2025 · 0 mins read
China Economics Weekly China Weekly: US tariffs on China set to escalate further China is very likely to be among the countries hit with additional US tariffs next week, potentially lifting average duties as high as 60%. Unless the renminbi weakens significantly in response, our... 28th March 2025 · 6 mins read
Asia Economics Weekly Asia Weekly: Tariffs centre stage as rupiah wobbles Donald Trump’s plan to impose a 25% tariff on all automotive imports from April 3rd could have significant consequences for parts of Asia, particularly Korea and Japan, where auto exports account for... 28th March 2025 · 6 mins read
India Economics Weekly India Weekly: Trump’s triple tariff threat We will learn next week whether or not India's concessions to President Trump work in staving off (or reducing) a US reciprocal tariff. But India will take cold comfort from the fact that Japan and... 28th March 2025 · 3 mins read
Japan Economics Weekly Inflation overshoot will trump BoJ’s tariff concerns The new US auto tariffs and the looming reciprocal tariffs due next week pose clear downside risks to Japan’s economic outlook. But policymakers at the Bank of Japan have signalled that those tariffs... 28th March 2025 · 6 mins read
Japan Economics Update Bank of Japan will hike in May as inflation overshoots While US tariffs are a headwind, the continued acceleration in consumer prices will only heighten concerns among Bank of Japan’s Board members about inflation overshooting its 2% target. As the Bank... 28th March 2025 · 4 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Mar. 2025) Outflows from EM capital markets have eased in recent weeks as the US dollar has faltered. But a period of sustained inflows looks unlikely as President Trump presses ahead with tariff policies that... 27th March 2025 · 0 mins read
Global Economic Outlook Global Economic Outlook: Trade war to dampen, not derail, global growth We expect the world economy to grow a touch slower in the next couple of years than it did in 2024. Trump’s policies will drag on US growth, policy support will not prevent a slowdown in China’s... 27th March 2025 · 45 mins read
Global Economics Update The implications of US vehicle tariffs In this Update, we answer several key questions about how the announced 25% tariffs on US imports of autos and parts might affect the global economy and the US itself. Mexico, Slovakia and Korea are... 27th March 2025 · 7 mins read
Asia Chart Pack Asia Chart Pack (March 2025) Our Asia Chart Pack has been updated with the latest data and our analysis of recent developments. With GDP growth set to struggle and inflation to remain low, central banks are likely to continue to... 27th March 2025 · 1 min read
Emerging Markets Economic Outlook Emerging Markets Outlook: Tariff storm one of many headwinds EM GDP growth picked up towards the end of last year, but the outlook is increasingly challenging – and not just because of US import tariffs. Weaker capital inflows, lower commodity prices and tight... 26th March 2025 · 27 mins read
China Economic Outlook China Outlook: Export slowdown looms as domestic drags persist Increased US tariffs will exacerbate a broader slowdown in exports. China’s economy will also face continued drags from the property downturn and wider deflationary dynamics. A sizeable fiscal... 26th March 2025 · 16 mins read
Capital Daily Has China’s tech rally run out of steam? We think China’s tech stocks could rally a bit further yet, and perhaps outperform those globally for a while. 26th March 2025 · 4 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (March 2025) The outlook for EM GDP growth appears increasingly challenging and our growth forecasts for this year generally sit below the consensus. Monetary easing will continue although, outside Asia, high... 26th March 2025 · 1 min read
Australia & New Zealand Rapid Response Australia Monthly CPI Indicator (Feb. 25) 26th March 2025 · 2 mins read
