Asia Data Response New Zealand GDP (Q3) New Zealand's economy accelerated in Q3, despite monetary tightening earlier in the year. However, we are still expecting a slowdown in 2015 and see little chance of the Reserve Bank of New Zealand... 18th December 2014 · 1 min read
Asia Economics Update Thailand's tourism recovery underway, but headwinds persist Thailand's tourism sector, which was a key growth driver before the most recent political crisis, finally looks to be on the mend, and should add much-needed support to the economy going into 2015... 18th December 2014 · 1 min read
Global Economics Update Winners and (even bigger) losers from lower oil prices Most countries (and the world as a whole) should be better off as a result of the slump in oil prices, including key emerging markets such as China and India. Of the major advanced economies, Japan is... 17th December 2014 · 1 min read
India Economics Update RBI unlikely to panic over rupee sell-off India has not been immune to the turbulence that has hit EM markets over the past few days in the wake of the unfolding crisis in Russia. This has led to suggestions that the RBI is now likely to... 17th December 2014 · 1 min read
Asia Economics Update Thai rates to stay low to support growth The Bank of Thailand (BoT) left interest rates unchanged at 2.0% today against the backdrop of gradual improvement in the economy. With price pressures benign, we think the BoT will look to keep... 17th December 2014 · 1 min read
Emerging Markets Economics Chart Pack 2015 shaping up to be another lacklustre year The turmoil in Russia and broader weakness in EM financial markets has brought a subdued end to the year. For 2014 as a whole, the latest data point to aggregate GDP growth of less than 5% for the... 16th December 2014 · 1 min read
India Economics Update Markets raise expectations of rate cuts The recent sharp slowdown in inflation, combined with dovish commentary from the RBI in its policy review earlier this month, have prompted India’s financial markets to price in the rising likelihood... 16th December 2014 · 1 min read
Asia Economics Weekly How did our 2014 forecasts stack up? In our final Weekly of the year we will be outlining our key forecasts for 2015. But this week we take a look back at how we did in 2014. Our downbeat forecasts for growth largely played out, as did... 15th December 2014 · 1 min read
India Data Response Trade (Nov.) India’s trade deficit widened in November as a pick-up in exports wasn’t enough to offset a renewed surge in gold imports. But the overall deficit still remains at sustainable levels, and should... 15th December 2014 · 1 min read
Asia Data Response Sri Lanka GDP (Q3) Sri Lanka recorded another quarter of strong growth in Q3, with the economy expanding by 7.7% y/y, down only slightly from Q2. Looking ahead, a pick-up in private sector credit growth and robust... 15th December 2014 · 1 min read
India Data Response Wholesale Prices (Nov.) Wholesale price data for November out today provide more evidence of disinflationary pressures following the release of last month’s CPI data on Friday, and build on the case for the RBI to begin... 15th December 2014 · 1 min read
India Data Response Consumer Prices (Nov.) & Industrial Production (Oct.) Today’s data show that consumer price inflation dropped to its slowest pace on record in November. With the latest numbers also showing continued weakness in industrial output, the case for policy... 12th December 2014 · 1 min read
Emerging Markets Economics Focus Ten key questions for EMs in 2015 The slump in oil prices and renewed falls in EM currencies over the past month have rekindled fears over the outlook for emerging markets. In this Focus we outline the ten key issues that we think... 12th December 2014 · 1 min read
EM Markets Chart Pack Are EM corporate bonds really that vulnerable? Since the end of October, emerging market dollar-denominated corporate bonds have performed much worse than comparably-rated US corporate bonds. This has been the result of increasing credit spreads... 11th December 2014 · 1 min read
India Economics Update Reforming the coal sector remains a difficult prospect The likely part-privatisation of Coal India early next year shows that there is some appetite within government to reform the sector. But this is only a small step towards addressing a myriad of... 11th December 2014 · 1 min read
Asia Economics Update Korean interest rates to remain on hold until late 2015 Rising levels of household debt suggest further rate cuts by the Bank of Korea, which today left interest rates on hold at 2.0%, are unlikely. In fact, with GDP growth set to accelerate in the coming... 11th December 2014 · 1 min read
