Global Markets Update Assessing the outlook for EM LC sovereign bonds Although we have revised up our forecasts for economic growth in many emerging markets (EMs), we generally still expect monetary policy to remain loose, or be loosened further, to the benefit of local... 14th December 2020 · 4 mins read
Asia Economics Weekly Taiwan: central bank in little rush to raise rates Taiwan’s central bank (CBC) looks all but certain to leave its main policy rate unchanged at its current all-time low of 1.125% at its meeting on Thursday. With the economy performing well, there is a... 11th December 2020 · 6 mins read
Emerging Markets Economics Chart Pack Next year’s vaccine boost to vary across countries The race to secure and approve COVID-19 vaccines is in full swing and, while roll-out will generally be slower in EMs than in DMs, immunisation of vulnerable populations over the next year or so is a... 10th December 2020 · 11 mins read
Capital Daily Comparing the outlook for equities in Latam and EM Asia We think that the dramatic outperformance recently of equities in Latin America in general versus their peers in EM Asia has much further to run, as the world recovers from COVID-19. 9th December 2020 · 7 mins read
Asia Economics Weekly New forecasts on positive vaccine developments The recent good news on vaccine development means that countries in Emerging Asia are likely to start inoculating their populations sooner than we had previously envisaged. In response, we are raising... 4th December 2020 · 5 mins read
Asia Data Response Korea Trade (Nov.) Korean export growth continued to gather momentum in November and is set to remain strong in the months ahead, buoyed by foreign demand for electronics. 1st December 2020 · 2 mins read
Asia Data Response Manufacturing PMIs (Nov.) PMI readings for Asia suggest that manufacturing conditions improved significantly in November. Buoyant global demand for electronics should continue to support the sector over the coming months. 1st December 2020 · 2 mins read
Asset Allocation Update The reversal of relative fortunes within EM equities We think that the outperformance of equities in EM EMEA and Latin America relative to those in EM Asia in November is a sign of things to come, as the world recovers from COVID-19. 30th November 2020 · 4 mins read
Asia Chart Pack Rate-cutting cycle not over yet National accounts data published over the past month or so confirm that many economies experienced record-breaking rebounds in GDP in the third quarter. However, there are significant variations... 30th November 2020 · 13 mins read
EM Markets Chart Pack Reaction to vaccine news may be a sign of things to come Equities and bonds in emerging markets (EMs) rallied sharply on the vaccine news earlier this month, particularly outside of Asia. We think they will continue to fare well as the global economy... 27th November 2020 · 7 mins read
Asia Economics Weekly Property prices in Korea, Indonesia current account Rising property prices in Korea are increasingly rapidly again, but there is a little sign of a bubble forming. Affordability has gradually improved across the country in recent years. Even in Seoul... 27th November 2020 · 6 mins read
Asia Data Response Korea Trade (1st – 20th Nov.) Buoyant foreign demand for electronics drove strong export growth over the first 20 days of November and this should remain the case over the coming months. 23rd November 2020 · 2 mins read
Asia Data Response Singapore GDP (Q3, revised) The upward revision to Singapore’s Q3 GDP figures shows that the economy has rebounded strongly, and we expect the recovery to continue at a decent pace on the back of strong fiscal support and... 23rd November 2020 · 3 mins read
Asia Economics Weekly Vaccine impact, Korea’s third wave, climate change The past week has brought more positive developments on the vaccine front, with the latest news from AstraZeneca and Pfizer providing a further boost to regional stock markets. However, the likely... 20th November 2020 · 7 mins read
Long Run Focus The winners and losers from climate change Climate change will be more costly to EMs than developed countries, with parts of Africa, as well as South and South East Asia most vulnerable to rising global temperatures. That said, some EMs could... 19th November 2020 · 15 mins read
Asia Economics Update Indonesia: easing cycle not over yet Bank Indonesia (BI) cut its main policy rate today by 25bps to 3.75%, and further gradual easing is likely provided the currency continues to perform well against the US dollar. 19th November 2020 · 3 mins read
