Emerging Markets Economics Update EM manufacturing PMIs point to further weakness The latest PMI data suggest that manufacturing activity across the emerging world slowed further last month, driven mainly by weakness in some of the larger EM economies. By contrast, manufacturers in... 3rd April 2015 · 1 min read
RBI Watch RBI won’t need to follow the Fed The first rate hike in the US is edging closer, but India’s dramatically improved external position and the fact that the rupee has strengthened in recent months suggest that the Reserve Bank of India... 3rd April 2015 · 1 min read
Asia Economics Weekly AIIB – what is all the fuss about? Poor infrastructure is likely to remain a key constraint on economic development across large parts of Emerging Asia over the next decade. For all the headlines, the Asian Infrastructure Investment... 3rd April 2015 · 1 min read
India Data Response Manufacturing PMI (Mar.) India’s manufacturing PMI edged up in March, but the bigger picture is that conditions are still subdued by past standards. Looking ahead, with progress on creating a favourable business environment... 3rd April 2015 · 1 min read
Emerging Markets Economic Outlook In the footsteps of the Fed? The recent run of poor data from around the emerging world is likely to set the tone for the rest of this year. Brazil’s struggles look set to continue, Russia is likely to slip deeper into recession... 2nd April 2015 · 1 min read
Asia Data Response Manufacturing PMIs (Mar.) The PMIs for Emerging Asia fell back in March, underlining the fragility of the region's manufacturing recovery. Indeed, in the two economies where the PMIs most closely track the hard data... 2nd April 2015 · 1 min read
Asia Economics Update Currencies and equity markets drop back Most equity markets and currencies in Emerging Asia fell last month, although in the majority of cases the declines were relatively small. 1st April 2015 · 1 min read
India Economics Update Why aren’t banks lending more? Recent cuts to policy interest rates should eventually help to boost bank lending in India, the weakness of which has been a significant cause of the economic slowdown over the past few years. But... 1st April 2015 · 1 min read
Emerging Europe Economics Update BRICs drive pick-up in EM inflation A pick-up in inflation in all four of BRIC economies pushed aggregate EM inflation to an eight-month high last month. However, the bigger picture remains that in most EMs inflation is both low and... 31st March 2015 · 1 min read
Asia Economics Update Is a weak rupiah a threat to Indonesia? Policymakers in Indonesia should welcome, rather than fear, a weaker rupiah. Not only is foreign currency debt relatively low, but there is little sign that a fall in the currency is pushing up... 31st March 2015 · 1 min read
Emerging Markets Economics Focus Shifting sands: why the outlook for the BRICs is starting to diverge The prospects for the four largest emerging economies – Brazil, Russia, India and China – are starting to diverge. The outlook for India is improving and, despite a recent run of poor data, we think... 27th March 2015 · 1 min read
Asia Economics Weekly Deflation of Thailand’s credit bubble has further to run Although credit growth in Thailand has cooled over the past few years, the process of deflating the country’s credit bubble is still far from over. Given this, the Bank of Thailand’s decision earlier... 27th March 2015 · 1 min read
India Economics Focus Is Mr Modi delivering on promises of reform? It has been nearly a year since Prime Minister Narendra Modi and the BJP swept to victory in India's general election amid promises of wide-ranging reform to revamp the struggling economy. In this... 27th March 2015 · 1 min read
Global Markets Update Investors regain their appetite for EM assets In February, there was a net flow into global ETF and mutual funds that invest in emerging markets for the month since September. In particular, funds dedicated to investing in equities in Emerging... 26th March 2015 · 1 min read
Asia Data Response Vietnam GDP (Q1) Vietnam’s economy grew strongly in the first quarter of the year, thanks mainly to robust growth in the manufacturing sector. We are raising our growth forecast for this year to reflect the improving... 26th March 2015 · 1 min read
Emerging Markets Activity Monitor EM growth stuck at post-crisis low Our GDP Tracker suggests that EM GDP growth has remained stuck at just over 4.0% y/y in recent months – a low not seen since the aftermath of the global financial crisis. However, the aggregate figure... 25th March 2015 · 1 min read
