India Economics Focus How bright are India’s growth prospects? Over the medium term India’s economy could, with the right policies, sustain GDP growth of 10%.The BJP’s strong mandate following its election victory in May has raised hopes that wide-ranging... 5th November 2014 · 1 min read
Asia Economics Update Thailand's monetary policy to stay accommodative With the economic recovery still in the slow lane, the Bank of Thailand (BoT) unsurprisingly held its policy rate at 2.0% at its meeting today. As inflation is unlikely to emerge as a major policy... 5th November 2014 · 1 min read
Asia Data Response Indonesia GDP (Q3) Today’s GDP data for the third quarter showed that another fall in exports and a further slowdown in investment growth were the main factors behind Indonesia's economy expanding at its slowest pace in... 5th November 2014 · 1 min read
Emerging Markets Economics Update Export-oriented manufacturers faring well October’s PMI data suggest that EM manufacturing growth stabilised last month. Some of the smaller, export-driven EMs, particularly those in Central Europe as well as Mexico, areperforming well. But... 4th November 2014 · 1 min read
Asia Economics Update Australia's first rate hike further off than most expect The Reserve Bank of Australia (RBA) kept its policy rate on hold at 2.5% today and provided no surprises in its policy statement either. Once again it said that “the most prudent course is likely to... 4th November 2014 · 1 min read
Asia Economics Update PMIs weaken in most of Asia The October PMIs for Emerging Asia offered no signs that the region's disappointing manufacturing recovery is gaining any momentum. The most encouraging aspect of today's surveys was that they pointed... 3rd November 2014 · 1 min read
Global Markets Outlook Bubble in US Treasuries should deflate soon If recent history is any guide, Fed tightening is unlikely to derail stock markets to the extent that many fear. Our view is that while US equities will struggle to make further headway, they will... 31st October 2014 · 1 min read
Asia Economics Weekly How much slack is left in the NIEs? There are indications that the amount of spare capacity in the Newly Industrialised Economies (NIEs: Hong Kong, Singapore, Taiwan and Korea) is starting to be used up. As a result, while there is... 31st October 2014 · 1 min read
Asia Economics Update Minimal impact from the end of QE3 Asia's financial markets have so far taken the end of QE3 largely in their stride. The performance of the region's currencies and equity markets has been fairly muted over the past month, while... 31st October 2014 · 1 min read
Asia Economics Update Growth in Taiwan to remain solid if unspectacular Taiwan’s economy picked up slightly last quarter, on the back of stronger exports, investment and public spending. Over the next year or so, we expect Taiwan’s economy to continue to record decent... 31st October 2014 · 1 min read
Emerging Markets Activity Monitor EM growth sinks further on BRICs weakness Our GDP Tracker suggests that EM growth slowed to a five-year low of 4.1% y/y in August, due in large part to a further downturn in the BRIC economies. Preliminary data suggest that growth may have... 30th October 2014 · 1 min read
Asia Economics Update New Zealand's next rate hike looking more distant The Reserve Bank of New Zealand (RBNZ) kept its policy rate at 3.5% today for the second meeting in a row. Subdued inflation, slowing growth and the strength of the New Zealand dollar all suggest that... 30th October 2014 · 1 min read
Emerging Markets Economics Update The end of QE and what it means for emerging markets Most of the emerging world should take the end of QE3 in its stride. The link between QE and capital flows to EMs has often been exaggerated. And while some EMs look vulnerable as US rates move up, it... 29th October 2014 · 1 min read
EM Valuations Monitor Low valuations should help to support EM equities Equities in emerging markets have fared poorly since the end of September, dragging down the price/12m forward earnings ratio in most regions to below its 5-year average, with the exception of Latin... 28th October 2014 · 1 min read
Asia Chart Pack No sign of improvement Economic growth in Emerging Asia is showing no sign of improvement. Our GDP tracker is pointing to growth of around 4.5% in the third quarter, which is roughly unchanged from the previous quarter and... 28th October 2014 · 1 min read
Asia Economics Weekly Falling commodity prices to keep Asian inflation low Declines in commodity prices have helped push down inflation across Emerging Asia in recent months. We expect inflation to remain low over the next year, which will leave room for central banks to... 24th October 2014 · 1 min read
