Asia Chart Pack

Emerging Asia Chart Pack (June 2024)

Our Emerging Asia Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Most central banks in Emerging Asia have left policy rates unchanged since...

25th June 2024 · 0 mins read

China Activity Monitor

CAP: Growth slows but near-term prospects still good

Our China Activity Proxy suggests that economic growth weakened in May on the back of a fall in services activity. Industry also slowed, following months of outperformance. We doubt this marks the...

24th June 2024 · 3 mins read

China Economics Weekly

PBOC: Don’t worry about the weakness of credit

Governor Pan Gongsheng’s comments about PBOC bond buying and about changes to the monetary policy framework caught the headlines this week. But it was what he said about weak credit growth that caught...

21st June 2024 · 6 mins read

Asia Economics Weekly

Thai budget boost, Singapore’s cooling jobs market

Most countries in Asia are planning to tighten fiscal policy as they aim to put government finances on a more secure footing following the pandemic. One exception to this is Thailand, which this week...

21st June 2024 · 6 mins read

Asia Economic Outlook

Policy easing to begin soon

We expect economic growth in most countries in Asia to slow in the second half of 2024, as tighter fiscal policy, high interest rates and weaker global growth all weigh on demand. Inflation is back to...

20th June 2024 · 28 mins read

Emerging Markets Economics Chart Pack

Emerging Markets Chart Pack (June 2024)

After a strong start to the year, aggregate EM GDP growth will slow over the coming quarters. Within this there will be regional variation, with Emerging Asia the outperformer and Latin America the...

20th June 2024 · 1 min read

India Economic Outlook

Economy in good shape as Modi 3.0 begins

Prime Minister Modi begins his third term with a weakened mandate, but an economy that is primed to grow by 6.5-7% per year between 2024 and 2026. That would put India on course to become the world’s...

20th June 2024 · 16 mins read

China Economics Focus

What to expect at the Third Plenum

The Third Plenum may conclude with a pledge of comprehensive reform in areas spanning the private sector, manufacturing, innovation, social security, economic management and more. That may excite hope...

18th June 2024 · 13 mins read

Asia Economics Focus

Korea: growth to slow, inflation to fall, rates to be cut

Korea’s economy rebounded strongly last quarter but there are already signs it is losing momentum, and we expect growth to struggle over the coming year. Export growth is likely to ease a little, but...

18th June 2024 · 10 mins read

China Rapid Response

China Activity & Spending (May 2024)

May’s activity data were a mixed bag with an uptick in retail sales and slowdown in industrial production partially reversing the recent trend of strength on the supply side and weaker demand.

17th June 2024 · 2 mins read

China Rapid Response

Bank Lending & Broad Credit (May)

Bank loan growth in China was the slowest on record in May, but accelerated government bond issuance helped broader credit growth edge up. Fiscal loosening should support further gains in the near...

14th June 2024 · 2 mins read

Asia Economics Weekly

Malaysia subsidy cuts, BoK minutes, Pakistan budget

Headline inflation in Malaysia has been among the lowest in Asia but that is soon set to change now that the government is pushing ahead with long-planned subsidy cuts aimed at improving the public...

14th June 2024 · 6 mins read

China Economics Weekly

Europe leaves the road open for China’s EV-makers

China protested the European Commission’s imposition of additional tariffs on Chinese-made electric vehicles this week but, if the EU goes no further, China’s government is likely to see this as a...

14th June 2024 · 6 mins read

Asia Rapid Response

Taiwan Monetary Policy Announcement (June)

Taiwan’s central bank (CBC) left its main policy rate unchanged today (at 2.0%), and with growth set to remain strong we expect rates to remain on hold throughout 2024 and 2025. In contrast, the...

13th June 2024 · 4 mins read

India Rapid Response

India Consumer Prices (May 2024)

Consumer price inflation came in cooler than most expected last month, which should reassure the RBI as it considers when to begin its easing cycle. We remain comfortable with our long-held view that...

12th June 2024 · 2 mins read