Asia Economics Update Rupee decline highlights India’s fundamental weaknesses Talk of “policy tapering” by the Federal Reserve has been the catalyst for a broad-based sell-off in emerging market currencies. Within Asia, the worst performer has been the rupee. Its decline... 12th June 2013 · 1 min read
Asia Economics Update Further hikes in Indonesia's Fasbi rate likely before year-end Bank Indonesia’s decision today to hike the rate it pays lenders on overnight deposits (also known as the Fasbi rate) reflects concerns about the weakness of the rupiah and falls in the level of... 12th June 2013 · 1 min read
Emerging Markets Trade Monitor No recovery in sight for EM exports The weakness of the global economy continues to keep export growth subdued across Emerging Markets (EMs). Even in Asia, where exports held up relatively well until very recently, growth in trade has... 12th June 2013 · 1 min read
Asia Economics Weekly Asian currencies take a tumble A number of Asian currencies have experienced big falls against the US dollar over the past few weeks. This Weekly looks at which currencies have been hit the hardest, the factors behind the recent... 10th June 2013 · 1 min read
Emerging Markets Economics Update Construction points to weak EM investment Construction has started the year on a weak note across the emerging world and particularly in those EMs that most need to raise their investment rates, notably Brazil and Russia. This adds weight to... 6th June 2013 · 1 min read
Asia Economics Update Australia's growth to be dragged lower by mining slowdown Australia’s GDP growth remained slightly below trend in Q1. We expect growth to slow over the coming quarters as monetary loosening is unlikely to fully offset cooling mining investment. 5th June 2013 · 1 min read
Emerging Markets Economics Update EM manufacturing downturn deepens The 25% year-on-year rise in equity prices in advanced economies, combined with rising property prices in some countries, should provide a boost to household consumption. However, we suspect the... 4th June 2013 · 1 min read
Emerging Markets Economics Update Assessing EM government debt dynamics High public debt and large budget deficits mean that the governments of Egypt, Jordan and Hungary need to tighten fiscal policy. Moreover, despite appearing healthy, the public finances of some... 3rd June 2013 · 1 min read
Asia Economics Update May PMIs suggest manufacturing recovery continues to falter The May PMIs for emerging Asia suggest the region’s manufacturing recovery has lost momentum. Most central banks have loosened monetary policy in recent months, but they will not be able to fully... 3rd June 2013 · 1 min read
Asia Economics Weekly Inflation to remain low in Emerging Asia Inflation has fallen sharply across most of Asia over the past few months, giving central banks scope to cut interest rates. This Weekly explains why inflation is likely to remain low over the next... 3rd June 2013 · 1 min read
Asia Economics Update India's recovery is underway, but it will be gradual Marginally stronger GDP growth signals a bottoming out of India's growth slump. But domestic demand remains weak. Against this background, and following its three rate cuts so far this year, we think... 31st May 2013 · 1 min read
Emerging Markets Economics Update EMs continue to lose steam Our EM GDP Tracker suggests that growth in Q1 may have slumped to a three-and-a-half year low, having been hit by a dip in global trade and structural problems in the BRIC economies. 30th May 2013 · 1 min read
Asia Economics Update Strong GDP growth in the Philippines makes rate cuts unlikely GDP growth in the Philippines accelerated in Q1 on the back of strong domestic demand. Against this background, we think the central bank will leave interest rates on hold for the rest of 2013. 30th May 2013 · 1 min read
Asia Economics Update Thailand's government will push for more rate cuts The Bank of Thailand cut its policy rate for the first time since October at its meeting today, under heavy pressure from the government. Another rate cut is likely in the coming months. 29th May 2013 · 1 min read
Emerging Markets Economics Update Demographics will not determine future of EMs Healthy demographics can certainly play a role in supporting growth in emerging markets. However, the future performance of places such as India, the Middle East and Africa, where demographics are... 29th May 2013 · 1 min read
Emerging Markets Economics Update Weaker growth keeps EM central banks in easing mode In aggregate terms, EM monetary policy has been loosened over the past six months. But there has been a big difference between the actions of central banks in each EM region. In Europe and, more... 28th May 2013 · 1 min read
