Asia Chart Pack Some signs of recovery as lockdowns are eased With new infections falling sharply across the region and with lockdowns being eased, economic activity is starting to recover. However, the latest high-frequency data that we track, including routing... 28th May 2020 · 14 mins read
Asia Economics Update BoK stops short of full QE, more action still likely The Bank of Korea (BoK) cut its policy rate by 25bps to a new record low of 0.50% and gave some vague assurances that it would act to keep long term government bond yields down. With growth likely to... 28th May 2020 · 3 mins read
Asia Economics Update Inflation to stay low for a long time The impact of the crisis so far has been overwhelmingly disinflationary, and with demand likely to be depressed for a long time to come, inflation is set to remain very weak. A period of entrenched... 27th May 2020 · 4 mins read
Emerging Markets Economics Update Lockdowns, infection rates and the EM recovery Large parts of Emerging Asia have controlled the virus exceptionally well, which should allow activity to recover quicker than in most other EMs. In contrast, many countries in Latin America are still... 26th May 2020 · 3 mins read
Asia Economics Weekly BoK to launch QE, labour market woes in Taiwan The Bank of Korea is likely to cut its policy rate to a record low of 0.5% and step up non-conventional support at its meeting on Thursday. Meanwhile, today’s labour market figures from Taiwan show... 22nd May 2020 · 6 mins read
Asia Economics Update QE will become part of Em Asian central bank toolkits With policy rates close to the zero bound in Korea, Taiwan and Thailand, we think it is only a matter of time before central banks in these economies implement full-blown quantitative easing (QE)... 21st May 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 20th May) Korean trade data for the first 20 days of May show no signs of a turnaround in exports despite the easing of lockdowns in many trading partners. 21st May 2020 · 2 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor Our Tracker suggests that net capital outflows from EMs eased markedly last month. And daily data suggest that outflows have remained relatively modest so far in May. One country which is still... 20th May 2020 · 3 mins read
Asia Economics Update What next for the Bank of Thailand? With the economy in a massive slump and prices falling sharply, today’s decision by the Bank of Thailand (BoT) to cut interest rates by a further 25bp to a new all-time low of 0.50% came as no... 20th May 2020 · 3 mins read
Emerging Markets Economics Update Benefits of sovereign default more compelling than ever Recent reports suggest that governments of some low-income countries are reluctant to restructure debts owed to private creditors for fear of losing market access and pushing up future borrowing costs... 18th May 2020 · 3 mins read
Asia Economics Update Emerging Asia to recover faster than elsewhere Most economies in Emerging Asia will experience falls in GDP of 10-20% in the first half of the year, which is similar to what we expect in most other parts of the world. However, with many in the... 18th May 2020 · 4 mins read
Asia Economics Weekly Tourism slump in Thailand, Korea’s “second wave” The first quarter GDP figures for Thailand (due on Monday) will make for grim reading. While all economies have been hit hard by coronavirus containment measures, the collapse in global tourism means... 15th May 2020 · 8 mins read
Emerging Markets Economics Update Interpret incoming GDP & CPI data with a pinch of salt With the incoming economic data likely to be less reliable than usual, we think that investors should focus more on the timely low-level activity data and the changing shape of infection curves to... 11th May 2020 · 7 mins read
Asia Data Response Korea Trade (1st – 10th May.) Korean trade data for the first ten days of May show that exporters have taken a massive hit from lockdowns across the world. This bodes poorly for exporters across the rest of the region too. 11th May 2020 · 2 mins read
Asia Economics Weekly Infections ease, but recovery proving slow Though there are notable exceptions, there are some encouraging signs that new infections of the coronavirus are falling in many places in Emerging Asia. The slowing spread of the virus should allow... 8th May 2020 · 6 mins read
Asia Economics Update Further rate cuts likely in Malaysia Bank Negara Malaysia (BNM) today cut its policy rate from 2.50% to 2.00%, and with the outlook for growth very poor, we think the central bank will ease policy again in the coming months. 5th May 2020 · 3 mins read
