Emerging Markets Economics Focus EM debt: recapping the risks The dangers posed by a rapid build-up in EM debt have come back into the spotlight in recent weeks. In this Focus we revisit the lessons from history. Three points stand out – with potentially ominous... 22nd January 2016 · 1 min read
Asia Economics Weekly Asia well-placed to ride out financial market storms Global markets have had a rocky start to the year with equities, emerging market currencies and oil bearing the brunt of the declines. The stock market falls are unlikely to have much of an impact on... 22nd January 2016 · 1 min read
India Chart Pack Sensex slumps to pre-Modi levels The past month has seen India's benchmark Sensex stock index drop to its lowest level since the inauguration of Prime Minister Modi in May 2014. The latest slump is linked to the global equity sell... 22nd January 2016 · 1 min read
Asia Economics Update Some respite for Korea’s export sector in 2016 A cyclical recovery in China’s economy and free trade agreements that came into force in late 2015 should provide a boost to Korean exports this year. But with Chinese companies making more of the... 22nd January 2016 · 1 min read
Asia Economics Update Rate cuts in Malaysia unlikely despite SRR cut The decision by Malaysia’s central bank (BNM) today to cuts its statutory reserve requirement (SRR) ratio is not a signal that interest rates cuts are on the way. Worries about currency weakness and... 21st January 2016 · 1 min read
India Economics Update Bad start to 2016 India has not been spared the sell-off in EM financial markets since the start of the year. The rupee is now at its weakest rate against the US dollar since the currency crisis of September 2013... 21st January 2016 · 1 min read
Emerging Markets Economics Update Talk of an EM currency war looks overdone A retreat to widespread competitive currency devaluations in emerging markets would certainly be a cause for concern but, despite recent claims to the contrary, there is so far little evidence to... 20th January 2016 · 1 min read
India Economics Update Lower privatisation targets would boost credibility With only two months of this fiscal year remaining, the finance ministry’s aim of raising nearly INR700bn in revenues through the privatisation of various state-owned companies looks impossible to... 20th January 2016 · 1 min read
Emerging Markets Economics Chart Pack EM growth stable despite market slump Sentiment towards emerging markets has worsened since the start of the year amid mounting worries about the outlook in a number of key economies. Nevertheless, the latest data provide no evidence of a... 19th January 2016 · 1 min read
Emerging Markets Economics Update What would a China hard landing mean for EMs? We don’t expect China to suffer a hard landing, but if it were to happen it would result in widespread currency weakness and slower growth in large parts of the emerging world. Emerging Asian... 18th January 2016 · 1 min read
India Economics Update Export slump looks set to continue India’s trade deficit remained in check in December but this positive headline story masks the fact that exports continue to contract sharply. With progress on the reforms needed to support a vibrant... 18th January 2016 · 1 min read
Asia Economics Update What does Taiwan’s election result mean for the economy? The weekend’s election result marks a major political landmark for Taiwan, with the anti-China Democratic People’s Party (DPP) winning not only the presidency, but also gaining control of the... 18th January 2016 · 1 min read
Asia Economics Weekly Should Asia fear a collapse in the renminbi? Fears of a sudden devaluation of the Chinese renminbi have cast a shadow over Emerging Asia’s economic prospects since the start of the year. But while Asian exporters would hardly welcome a slump in... 15th January 2016 · 1 min read
Emerging Markets Trade Monitor Drop in EM exports still likely to ease this year EM exports continued to perform poorly at the tail-end of last year, but we think that the pace of contraction should at least ease over the course of 2016. 15th January 2016 · 1 min read
Emerging Markets Economics Update No sign (yet) of an EM credit crunch EM credit growth remains weak by its usual standards but there is no evidence (yet) of a widespread “credit crunch” that could be the precursor to a more serious downturn in economic activity. 14th January 2016 · 1 min read
Asia Economics Update Indonesia will only cut rates gradually Bank Indonesia’s decision to cut interest rates today should provide a long-overdue boost to the struggling economy. But the central bank will take a cautious approach from here. 14th January 2016 · 1 min read
