Asia Economics Update Australia's central bank likely to cut again The Reserve Bank of Australia (RBA) cut its cash rate by 25bp to 3.0% today. We expect the RBA to cut again in early 2013 to support the economy through a cooling of the mining boom. 4th December 2012 · 1 min read
Emerging Markets Economics Update Stronger export orders boost EM manufacturers A turnaround in export orders has given a boost to emerging world manufacturers, according to the PMIdata released over the last couple of days. However, with domestic demand in emerging economies... 4th December 2012 · 1 min read
Asia Economics Update Manufacturing stabilises, but sustained pick-up unlikely ahead Today’s PMIs suggest that conditions within most of Asia’s manufacturing sectors either stabilised or strengthened in November. While conditions could improve further over the next few months, we... 3rd December 2012 · 1 min read
Asia Economics Weekly Asian currencies undervalued, but still set to weaken Most currencies in Asia look undervalued. However, it would be wrong to conclude that Asia’s currencies are set for rapid appreciation. In 2013, we think an escalation in the euro-zone crisis will... 3rd December 2012 · 1 min read
Asia Economics Update Indian growth unlikely to pick up next year It may be something of a relief that India’s third quarter GDP figures were no worse than expected. But while growth may have stabilised, we are sceptical that it will pick up in 2013. 30th November 2012 · 1 min read
Emerging Markets Economics Update What lies ahead for EM domestic demand? Strong domestic demand has partially offset export weakness in many emerging economies this year, particularly in Asia. Looking ahead, prospects for domestic demand look favourable in emerging Asia... 29th November 2012 · 1 min read
Emerging Markets Economics Focus Can emerging economies get rich from commodities? History suggests that an abundance of natural resources makes broader economic development difficult for emerging markets (EMs). This is one reason why we believe that the non-commodity EMs of Asia... 28th November 2012 · 1 min read
Asia Economics Update Strong growth in the Philippines set to fade Economic growth in the Philippines accelerated in the third quarter, boosted by strong domestic demand. Exports have also proved surprisingly resilient. However, with the crisis in the euro-zone set... 28th November 2012 · 1 min read
Asia Economics Weekly ASEAN to outperform over the next decade A combination of favourable demographics, rising investment rates and an improving business environment mean growth in ASEAN should accelerate over the next decade. In contrast, growth in the rest of... 26th November 2012 · 1 min read
Emerging Europe Economics Update Inflation slows, strong pick-up unlikely ahead Emerging Market (EM) inflation slowed in October. Even if inflation does pick up again in the coming months as a result of past increases in commodity prices, the big picture is that any rise is... 23rd November 2012 · 1 min read
Emerging Markets Economics Update Are emerging market foreign exchange reserves adequate? Foreign exchange reserves in many emerging economies have fallen over the last year, leaving some exposed to a sharp slowdown in export revenues or to a sudden stop in capital inflows. Venezuela is... 22nd November 2012 · 1 min read
Asia Chart Pack Regional performance diverges Q3 GDP figures out so far show that growth has held up better in South East Asia than elsewhere in the region thanks to the strength of domestic demand. Nonetheless, economic growth remains below... 20th November 2012 · 1 min read
Emerging Markets Economics Update Which EM currencies are cheap and which are expensive? Within the emerging world, the currencies of Russia, Brazil, Egypt, Venezuela and Turkey look most overvalued. By contrast, the currencies of most Asian economies, including China, look undervalued. 19th November 2012 · 1 min read
Asia Economics Update Thailand’s weak growth likely to prompt more stimulus Thailand’s Q3 GDP figures show that the economy’s post-flood recovery has succumbed to weak global demand. We expect the global economy to continue to struggle, which in turn should prompt the Bank of... 19th November 2012 · 1 min read
Asia Economics Weekly Low unemployment no support to domestic demand Unemployment rates across Asia remain very low, but household spending has weakened all the same in response to flat or falling wages. The apparent health of Asia’s job markets should not be a reason... 19th November 2012 · 1 min read
Emerging Markets Economics Update Current account deficits still a source of EM vulnerability Large current account deficits and a reliance on short-term capital flows make a number of emerging economies vulnerable to a deterioration in the external funding environment. Turkey is most exposed... 16th November 2012 · 1 min read
