Asia Economics Update Vietnam: Central bank to cut rates further to boost growth Vietnam’s banks are likely to remain cautious this year and both credit and GDP growth are likely to come in below trend. The central bank will have to cut rates further to stimulate demand. 4th April 2024 · 4 mins read
Asia Economics Update The earthquake threat to Taiwan’s chip supply Taiwan’s chip industry has invested heavily in making its facilities resilient to earthquakes. Disruption to production is unavoidable when a large earthquake strikes, but firms are usually able to... 3rd April 2024 · 3 mins read
China Chart Pack China Chart Pack (Mar. 24) China’s economy continued to recover in the first months of the new year. And we think fiscal support will keep supporting growth in the near-term. That said, the property sector remains a drag on the... 3rd April 2024 · 1 min read
Capital Daily Is the India/China equity market narrative shifting? We think China’s equities could fare better than those in India in the near term. Note: We will be discussing the outlook for Chinese equities in a special 20-minute online briefing on Thursday 4th... 3rd April 2024 · 4 mins read
Emerging Markets Economics Update PMIs show that EM industry continues to strengthen The rise in the aggregate EM manufacturing PMI to a three-year high in March was largely driven by strength in Asian industry, with activity elsewhere weaker. While slower growth in DMs should weigh... 2nd April 2024 · 2 mins read
Asia Economics Update Manufacturing PMIs & Korea Trade (Mar.) The PMIs from Emerging Asia remained weak in March. We think manufacturing sectors across most of Asia will struggle in the near term but activity in Korea and Taiwan is likely to remain strong. 1st April 2024 · 2 mins read
China Rapid Response China PMIs (Mar. 2024) Sizeable rises in the PMIs in March are consistent with improved economic momentum and/or the easing of sentiment effects that have weighed on the surveys recently. Either way, they add to wider... 1st April 2024 · 3 mins read
China Economics Weekly President Xi courts foreign firms President Xi has taken some steps to reassure foreign firms, many of whom remain keen to invest in China. But his wider agenda conflicts with establishing a level playing field for foreign firms. And... 28th March 2024 · 6 mins read
Global Economic Outlook On course for a soft landing In the quarters ahead, economic activity in most of the world will be characterised by soft landings. We expect GDP growth to be below trend, but meaningful recessions should be avoided and the US... 28th March 2024 · 45 mins read
Asia Economics Weekly MAS likely to loosen policy later than most in Asia Singapore was an outlier within Asia in terms of how high inflation spiked and it still has higher core inflation than most other economies in the region. The core rate is likely to remain above... 28th March 2024 · 6 mins read
China Economic Outlook Prop from stimulus to be short-lived China’s economy has fared better recently and policy support is likely to remain a near-term prop to growth. But we remain less sanguine about the medium-term outlook. 27th March 2024 · 15 mins read
Asia Economic Outlook Asian central banks waiting for the Fed With inflation easing and domestic demand struggling in much of emerging Asia, central banks are likely to start cutting interest rates soon. The one remaining concern for policymakers is the fear of... 27th March 2024 · 27 mins read
China Activity Monitor CAP: Still buoyed by policy support Our China Activity Proxy (CAP) suggests that the economy has performed reasonably well over the last few months – better than much recent commentary would suggest. We expect activity growth to slow... 27th March 2024 · 3 mins read
Asia Chart Pack Emerging Asia Chart Pack (March 2024) Our Emerging Asia Chart Pack has been updated with the latest data and our analysis of recent developments. Economic growth in most of Emerging Asia is likely to struggle in the near term as weak... 26th March 2024 · 0 mins read
Asia Economics Update Sri Lanka: easing cycle has further to go The Central Bank of Sri Lanka today cut interest rates by a further 50bps and hinted at further rate cuts to come. With inflationary pressures under control and the economic recovery struggling, more... 26th March 2024 · 2 mins read
China Economics Weekly Policy support a temporary prop to construction Local government financing vehicles are ramping up land purchases to build more public housing, while developers are being given more financing to accelerate work on unfinished projects. This may... 22nd March 2024 · 4 mins read
