Emerging Markets Economics Chart Pack Currencies weaken, but EM rate cuts continue Argentina political developments sparked sharp falls in EM currencies over the past month, but this wasn’t enough to deter policymakers from continuing their easing cycle. Central bankers in Turkey... 21st August 2019 · 9 mins read
Asia Economics Update The worst is now over, but growth to remain weak For all the bad news on the global economy recently, it looks as if GDP growth across Emerging Asia held broadly stable last quarter. Although growth is likely to remain fairly weak over the coming... 21st August 2019 · 3 mins read
Emerging Markets Trade Monitor More to the EM export slump than the trade war The US-China trade war, which has now been running for over a year, has exerted an increasingly large drag on EM exports. But other factors including weak global demand have been bigger drivers of the... 20th August 2019 · 6 mins read
Asia Data Response Thailand GDP (Q2) GDP figures released today for the second quarter show that growth in Thailand slowed sharply to an almost five-year low. With weak global demand and a downturn in the tourism sector likely to drag on... 19th August 2019 · 2 mins read
Asia Economics Weekly Global recession fears, Indonesia to move capital city Weak data earlier this week from China and Europe and the fall in long term bond yields in the US have helped raise fears of a sharp slowdown in global economic growth. But even if the global economy... 16th August 2019 · 7 mins read
Asia Data Response Malaysia GDP (Q2) GDP growth in Malaysia picked up in Q2, but we doubt this is the start of a sustained rebound. We are forecasting a renewed slowdown in the second half of this year, driven by weaker consumer spending... 16th August 2019 · 3 mins read
Asia Economics Focus The Great Asian Moderation Emerging Asia has not only been the fastest growing region since the global financial crisis, it has also been the most stable. Regional growth has also been less volatile compared with the period... 14th August 2019 · 13 mins read
Asia Economics Update Singapore: MAS to wait until October to ease An official from the Monetary Authority of Singapore (MAS) today confirmed that it is not considering an unscheduled policy adjustment, but given the poor outlook for the economy loosening in October... 13th August 2019 · 3 mins read
Asia Economics Update Philippines: BSP cuts, one more likely this year Today’s 25bp cut from the central bank in the Philippines (BSP) came as no surprise, and with inflation set to fall back further and growth only likely to stage a moderate recovery over the coming... 8th August 2019 · 3 mins read
Asia Economics Weekly New currency forecasts, trade war escalates, rate cuts While we had been expecting an escalation in US-China trade tensions, China’s decision to allow the renminbi to weaken through 7.0/US$ in response to Trump’s latest tariffs means events are moving... 8th August 2019 · 5 mins read
Asia Data Response Philippines GDP (Q2) The continued weakness of growth means that the central bank will likely opt for a more aggressive 50bp policy rate cut this afternoon. And while growth should recover from here, don’t expect a strong... 8th August 2019 · 3 mins read
Asia Economics Update Time to worry about the crisis in Kashmir? The fall in Pakistan’s stock market today is the first sign that investors are starting to become concerned about the escalating crisis in Kashmir. The most likely outcome is that tensions are dialled... 7th August 2019 · 4 mins read
Asia Economics Update Surprise rate cut in Thailand, more loosening to follow Weak growth and a strong currency were the main factors behind today’s surprise rate cut in Thailand. With the economy likely to slow further and the currency likely to continue to strengthen over the... 7th August 2019 · 3 mins read
Emerging Markets Economics Update The spiralling trade war and what it means for EMs The latest phase of the trade war is likely to have a relatively limited direct impact on EM exports. But with the US and Chinese policymakers upping the ante, the indirect effects via a hit to... 6th August 2019 · 4 mins read
Asia Economics Update What does the fall in the renminbi mean for Asia? Currencies from the rest of Asia have fallen back sharply following today’s drop in the renminbi to below 7.0 against the US dollar, and are likely to weaken further over the coming months. While... 5th August 2019 · 4 mins read
Asia Data Response Indonesia GDP (Q2) GDP growth in Indonesia has been suspiciously stable at around 5% over the past five years, and it was no surprise that it recorded another quarter of growth at close to this rate in the second... 5th August 2019 · 3 mins read
