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
Asia Economics Update Currency strength one reason Asian rates will stay low, for now Currency strength in Emerging Asia has been a factor in the region's recent wave of policy loosening. It appears to be undermining export competitiveness and has helped push inflation down further... 25th March 2015 · 1 min read
Asia Chart Pack Exports take a turn for the worse Emerging Asia’s exports have taken a turn for the worse in recent months. Leaving out China, the region’s merchandise exports, measured in US dollar terms, contracted at the sharpest annual rate in... 24th March 2015 · 1 min read
India Chart Pack Policymakers aiming to support cyclical rebound The past month has shown that India's authorities are still leaning towards policy loosening to support a cyclical rebound in economic growth, despite the strength of the revised GDP data. For a start... 24th March 2015 · 1 min read
Asia Economics Weekly Taiwan is unlikely to join Asia's rate-cutting cycle Despite slowing growth, a bout of deflation and a housing market that has recently taken a turn for the worse, Taiwan is unlikely to join the Asian rate-cutting cycle at its upcoming meeting. 23rd March 2015 · 1 min read
Metals Data Response Global Steel Production (Feb. 15) World Steel Association (WSA) data for February show a 4.6% m/m fall in global steel output, led by Asian producers. However, data for the first two months of the year suggest it is too soon to factor... 20th March 2015 · 1 min read
Emerging Markets Economics Update Currency weakness concentrated in low-saving EMs The hardest hit EM currencies over the course of this year have been those of the economies with low domestic savings rates. In the absence of reforms to address this frailty, the currencies of low... 20th March 2015 · 1 min read
India Economics Update Fed policy unlikely to have major impact on rupee The Indian rupee has taken Wednesday’s FOMC meeting in its stride, with the currency dropping only fractionally against the US dollar since then. Looking ahead, the economy is in much better shape to... 20th March 2015 · 1 min read
Emerging Markets Economics Chart Pack Post-FOMC relief proves short-lived The rally in EM currencies following the conclusion of yesterday’s FOMC meeting has proved to be short-lived, with markets seemingly focussing on the fact that the Fed has paved the way for a June... 19th March 2015 · 1 min read
Asia Economics Update Asia does not need to follow the Fed's lead The first rate hike in the US looks to be only a matter of months away. But local factors, not the actions of the US Federal Reserve, will determine the next moves by Asia's central banks. 19th March 2015 · 1 min read
India Economics Update Remittance inflows set to remain strong Concerns about destabilising capital flows to emerging markets such as India have again come to the fore, but one factor that often gets overlooked is the role of overseas remittances. Remittance... 18th March 2015 · 1 min read
Emerging Markets Economics Update How worried should we be about the strong dollar? Fears over the outlook for emerging markets have resurfaced over the past few days, with the latest concerns focusing on the impact that a strong dollar will have on EM balance sheets. In our view... 17th March 2015 · 1 min read
Asia Economics Update Indonesia leaves rates on hold, but further loosening likely soon Having surprised markets last month with a rate cut, Bank Indonesia (BI) left its key policy rate on hold today at 7.50%. Although we expect to see further rate cuts this year, the pace of easing is... 17th March 2015 · 1 min read
India Data Response Wholesale Prices (Feb.) Wholesale price inflation dropped further into negative territory in February to its lowest rate since the series began in 2005. This was in part due to falling oil prices, but low core inflation... 16th March 2015 · 1 min read
