Asset Allocation Update EM equities may continue to underperform in 2022-23 We think that emerging market (EM) equities will continue to underperform their developed market (DM) peers over the next couple of years, even if that underperformance is far less stark than it was... 13th January 2022 · 5 mins read
Emerging Markets Economics Update A look ahead to the key EM political events of 2022 In this Update, we take a look at the key political events that are scheduled across the emerging world over the coming year and outline their possible implications for economic policy and growth... 13th January 2022 · 6 mins read
Asia Economics Update What to expect in Emerging Asia in 2022 Asia will be – contrary to consensus expectations for widespread hikes – the only EM region in which the median central bank isn’t tightening this year. 10th January 2022 · 4 mins read
China Economics Update A guide to political events in 2022 Korea, the Philippines and India are each holding elections this year that will play a role in setting fiscal and structural reform priorities, including the possible introduction of a universal basic... 10th January 2022 · 4 mins read
Asia Economics Weekly Philippines in no rush to hike, new growth forecasts Falling inflation and an increasingly uncertain economic outlook add weight to our non-consensus view that the central bank in the Philippines (BSP) will not tighten monetary policy in 2022. Meanwhile... 7th January 2022 · 5 mins read
Emerging Markets Economics Update EM manufacturers end 2021 on a solid footing December’s PMIs suggest that EM manufacturers ended last year on a firm note, with headline indices rising in much of Emerging Europe and Emerging Asia. Encouragingly, input and output price... 4th January 2022 · 2 mins read
Asia Economics Update Industry momentum strong going into 2022 Manufacturing PMIs and timely trade data reveal that Asia’s export-focussed industry gained momentum at the turn of the year. While the Omicron variant presents a key threat to the outlook, it is... 4th January 2022 · 2 mins read
Asia Chart Pack What Omicron means for monetary policy in Asia Most countries in Emerging Asia have now recorded cases of Omicron, and the experience from elsewhere in the world suggests that it is only a matter of time before there is widespread community... 22nd December 2021 · 14 mins read
Asia Economics Update Bank of Thailand to keep interest rates low The Bank of Thailand (BoT) left interest rates on hold today at 0.5% and hinted in its statement that it was in little rush to tighten monetary policy. The setback to the tourism sector caused by the... 22nd December 2021 · 3 mins read
Asia Economics Weekly Asia will not follow the Fed Domestic factors, rather than the actions of the US Federal Reserve, will determine what happens to monetary policy across Asia over the coming year. – This will be the last Economics Weekly for 2021... 17th December 2021 · 8 mins read
Asia Economics Update Taiwan: rates to stay low despite rising inflation Taiwan’s central bank (CBC) today left interest rates unchanged at 1.125% and despite rising inflation, surging property prices and the strong economy, we don’t think policymakers will be in any rush... 16th December 2021 · 2 mins read
Asia Economics Update Bank Indonesia in no rush to raise interest rates Bank Indonesia (BI) left interest rates unchanged at 3.5% at its meeting today, and despite the prospect of the US Fed raising interest rates soon, we don’t think BI will be in any rush to tighten... 16th December 2021 · 3 mins read
Asia Economics Update Philippines: BSP to leave rates low to support recovery The central bank in the Philippines (BSP) today left interest rates unchanged at 2.00%, and with inflation set to ease further over the coming months we think the central bank will keep monetary... 16th December 2021 · 2 mins read
Asia Economics Update Pakistan: confusing signals from the central bank The State Bank of Pakistan (SBP) today raised interest rates by a further 100bp, which came as little surprise. What was unexpected, however, was the sudden shift in tone in the statement. Despite the... 14th December 2021 · 3 mins read
Emerging Markets Economics Chart Pack Omicron not yet swaying EM central banks The latest EM central bank meetings confirmed that policymakers in Emerging Europe and Latin America are still focused on high and rising inflation, rather than any downside risk to the economic... 10th December 2021 · 9 mins read
Asia Economics Weekly Taiwan in no rush to raise interest rates The central bank of Taiwan is likely to leave interest rates unchanged at its meeting next Thursday (both the consensus and ourselves expect no change). Despite the economy operating well-above its... 10th December 2021 · 7 mins read
