Asia Data Response Vietnam CPI (Feb.) Consumer price inflation in Vietnam slowed again in February, and looks set to remain very low for the coming year. With the economy still overwhelmingly dependent on exports for growth, another rate... 24th February 2015 · 1 min read
Emerging Markets Economics Update “Grexit” and what it might mean for EMs The impact on EMs of a Greek exit from the euro-zone would depend on the extent to which policymakers in Europe were able to limit the wider financial fallout. A “managed” exit would create... 20th February 2015 · 1 min read
Emerging Markets Economics Chart Pack Regional inflation heading in opposite directions Inflation across the emerging world has been heading in different directions in recent months. In Latin America and Emerging Europe it has risen, led by increases in regulated prices in Brazil and the... 19th February 2015 · 1 min read
India Chart Pack Economy is not out of the woods yet India’s revised GDP data paint a far healthier picture of the economy over the past couple of years than had previously appeared the case. GDP growth for FY13/14 was revised up from 4.7% to 6.9%. In... 19th February 2015 · 1 min read
Asia Economics Weekly No sign of improvement in Asian growth The latest GDP figures for Emerging Asia show regional growth was broadly flat again last quarter. Looking ahead, a strong pick-up looks unlikely. But with monetary policy set to remain loose and oil... 18th February 2015 · 1 min read
India Economics Update Rupee continues to outperform The rupee has been the best performing major EM currency so far this year. This is in part due to falling commodity prices which have helped to lower India’s import bill, but it is also the result of... 18th February 2015 · 1 min read
Emerging Markets Economics Update Private debt in EMs: big risk or damp squib? Concerns about the rapid growth of private sector debt in EMs have resurfaced in recent days. Our view remains unchanged: fears that a debt crisis will engulf the entire emerging world are overdone... 17th February 2015 · 1 min read
Asia Economics Update Aggressive rate cuts unlikely in Indonesia With inflation set to stay elevated until the end of the year and the current account deficit likely to remain a source of vulnerability, today’s rate cut by Bank Indonesia is unlikely to signal the... 17th February 2015 · 1 min read
Asia Economics Update Household debt concerns to keep Korean rates on hold The Bank of Korea (BoK) today left its policy rate on hold at 2.0% after the government softened its pressure for further loosening. Looking ahead, we think persistent concerns about high household... 17th February 2015 · 1 min read
Asia Data Response Singapore GDP (Q4 Revised) Singapore's economy picked up in the fourth quarter, despite a contraction in the manufacturing sector. Lower oil prices will help Singapore's economy in 2015, but slowing credit growth will keep... 17th February 2015 · 1 min read
Global Markets Update Has investors’ appetite for EM government bonds waned? The credit spread of the JP Morgan EMBI Global Index of emerging market dollar-denominated government bonds has increased sharply since the middle of 2014. However, this reflects specific concerns... 16th February 2015 · 1 min read
Asia Data Response Thailand GDP (Q4) Thailand's economy continued to gain momentum in the fourth quarter, with growth picking up to 2.3% y/y from 0.6% the quarter before. The Thai economy should gain a firmer footing in the coming... 16th February 2015 · 1 min read
Asia Economics Weekly Korea’s housing market recovery to continue Korea’s housing market is showing signs of recovery, supported by the fall in stocks of unsold homes, rising rents, low interest rates and supportive government policies. A stronger housing market... 13th February 2015 · 1 min read
India Data Response Consumer Prices (Jan.) & Industrial Production (Dec.) Unlike the recently revised GDP data, the rebasing of India’s consumer price data appears to have done little to alter the headline numbers. The big picture is that inflation is still comfortably... 12th February 2015 · 1 min read
EM Markets Chart Pack What’s behind the EMBI Global spread? The “stripped” spread of the JP Morgan EMBI Global Index, which includes the dollar denominated debt of 61 emerging market governments, is still around 430bp despite falling slightly in recent weeks... 12th February 2015 · 1 min read
Emerging Markets Trade Monitor Split in EM export performance is widening The value of EM exports continued to fall in annual terms in December, with oil producers faring especially poorly. The early signs are that Asia's manufacturing-oriented economies will report weak... 12th February 2015 · 1 min read
