Emerging Markets Economics Update EM oil producers unlikely to follow Angola to the IMF Angola last week became the first EM oil producer to turn to the IMF since oil prices started to fall in 2014. In the near-term, we don’t expect any others to follow suit. External risks in EM oil... 12th April 2016 · 1 min read
India Data Response Consumer Prices (Mar.) & Industrial Production (Feb.) The drop in Indian consumer price inflation in March is likely to fuel talk of more interest rate cuts, but we think that the scope for further loosening still looks very limited. 12th April 2016 · 1 min read
Asia Economics Weekly Where do the risks lie? Financial markets across Emerging Asia have rebounded in recent months as investors have become more confident over the short-term economic outlook for the region. However, as we make clear in our... 8th April 2016 · 1 min read
Emerging Markets Economics Update After the panic, what next for EMs? The sense of crisis that had been building in emerging markets has started to ease over the past month or so. So what next? In this Update we identify three risks – China, commodities and the threat... 8th April 2016 · 1 min read
India Economics Update Inflation to ease again but RBI's targets under threat Inflation is likely to have fallen in March as food price pressures continued to ease. But further ahead, the RBI still faces a difficult task in meeting its inflation targets for 2017 and 2018. Given... 7th April 2016 · 1 min read
India Economics Update Will commercial banks now pass on policy rate cuts? Having now cut its repo rate by 150bp since January 2015, the RBI yesterday re-emphasised the need for commercial banks to boost lending by passing on rate reductions to borrowers. In truth, high... 6th April 2016 · 1 min read
Asia Economic Outlook Tigers in trouble, but better prospects elsewhere The region’s original tiger economies, Hong Kong, Singapore, Taiwan and Korea, are likely to struggle over the next couple of years against a backdrop of cooling credit growth, bursting property... 6th April 2016 · 1 min read
Emerging Markets Economic Outlook Panic ebbs but outlook still subdued The sense of panic about emerging economies that gripped financial markets at the start of this year has eased. This is justified. There are few signs that the emerging world is on the brink of a... 5th April 2016 · 1 min read
India Economics Update RBI cuts repo rate but loosening cycle now at an end The Reserve Bank of India (RBI) reduced its repo rate by 25bp to 6.50% today but, given the difficulties it faces in meeting its inflation targets for March 2017 and 2018, we think that rates will now... 5th April 2016 · 1 min read
Asia Economics Focus Will the Philippines continue to grow strongly after Aquino? Much is at stake as the Philippines prepares to go to the polls on 9th May. The current president, Benigno Aquino, who is forbidden from standing again, deserves much of the credit for turning the... 5th April 2016 · 1 min read
Asia Economics Weekly Singapore is not a global bellwether As a small, very open economy that releases GDP data much earlier than most other countries, Singapore is often billed as a bellwether for the global economy. In reality, Singapore’s GDP is far too... 1st April 2016 · 1 min read
Emerging Markets Economics Update EM Manufacturing PMI rises to strongest in a year The rise in the EM manufacturing PMI in March to its highest level in a year adds to evidence that economic conditions across the emerging world are improving. The pick-up in the survey in China is... 1st April 2016 · 1 min read
Asia Data Response Manufacturing PMIs (Mar.) Emerging Asia’s PMIs picked up across the board last month but, while the worst appears to be over for the region’s manufacturing sectors, conditions remain weak. 1st April 2016 · 1 min read
Asia Economics Update Korean won leads the way Asian currencies continued their recovery in March, helped in part by fading fears of a sudden devaluation in the renminbi. 31st March 2016 · 1 min read
India Economics Update State elections take centre stage The raft of upcoming state elections in India are likely to have an important bearing on economic policy at the local level. But perhaps more significant, the outcome of the state elections could be... 31st March 2016 · 1 min read
Emerging Markets Activity Monitor EM growth dragged down by Brazil Our GDP Tracker suggests that aggregate EM growth dipped at the start of this year, but this appears to have been driven by deepening problems in Brazil and a recent soft patch in India. China’s... 30th March 2016 · 1 min read
