Asia Economics Update India's Reserve Bank easing looks over The unexpected strength of April industrial output adds to the evidence that India’s slowdown has passed its worst point. GDP growth should accelerate during the rest of 2009. Weak inflation pressures... 12th June 2009 · 1 min read
Asia Economics Update BoK holds, but rate cuts still more likely than hikes The Bank of Korea (BoK) left its key interest rate unchanged today, noting that “proactive fiscal and monetary policy” measures have stabilised GDP. But despite signs of recovery, there are still... 11th June 2009 · 1 min read
Asia Economics Update Risk appetite to fade as recovery disappoints Today we have revised our key economic forecasts. At the same time, we have updated our projections for currency, bond, equity and commodity markets. The new market numbers are presented in the table... 8th June 2009 · 1 min read
Asia Economics Update Indonesia: more easing ahead Bank Indonesia (BI) cut its key overnight lending rate by 25bps to 7% today, in line with our and consensus expectations. While many analysts believe that rates have bottomed out, we maintain our view... 3rd June 2009 · 1 min read
Asia Economics Update RBA holds, but Australian rates still look too high The Reserve Bank of Australia (RBA) left its policy rate unchanged today as expected. But its accompanying statement struck a more dovish note than many others had anticipated. This re-enforces our... 2nd June 2009 · 1 min read
Asia Economics Update More signs that Asia's recovery is taking its time The slight fall in China’s official PMI in May is actually fairly encouraging since the index usually falls by much more at this time of year. But Asia’s recovery is only gaining ground slowly, as... 1st June 2009 · 1 min read
China Economics Update More signs that Asia’s recovery is taking its time The slight fall in China’s official PMI in May is actually fairly encouraging since the index usually falls by much more at this time of year. But Asia’s recovery is only gaining ground slowly, as... 1st June 2009 · 1 min read
Asia Economics Update Bank of Thailand ends easing cycle too early The Bank of Thailand (BOT) left its 1-day repo rate on hold at 1.25% today, against our and consensus expectations for a 25bps cut. The weakness of domestic demand and the spectre of sustained... 20th May 2009 · 1 min read
Asia Economics Update BoK holds for now, but rates have yet to bottom out The Bank of Korea (BoK) left its policy rate unchanged today, with the focus shifting to big fiscal stimulus plans and direct support for the financial sector instead. The Bank will also have been... 12th May 2009 · 1 min read
Asia Chart Pack Should we trust signs of life in Asian exports? (May 09) There are tentative signs from several Asian economies that exports are starting to recover. Shipments from Asia ex-Japan are still a fifth below their level of a year ago. However, the pace of... 7th May 2009 · 1 min read
Asia Economics Update RBA holds for now, but rates have yet to bottom out Signs of stabilisation in the global economy and in domestic confidence convinced the Australian central bank to hold its policy rate steady today. But we feel the RBA is underestimating the weakness... 5th May 2009 · 1 min read
Asia Economics Focus Whatever happened to Asian decoupling? It is not too late to rescue something from the decoupling story. The Asian economies – rather than the US or Europe – should recover quickest from the global recession. However, while Japan is likely... 5th May 2009 · 1 min read
China Economics Update Asian recovery still needs deeper roots There was much to cheer in China’s latest PMI and April’s export data from Korea. But they are consistent with stabilisation rather than either economy springing rapidly back to life. 1st May 2009 · 1 min read
Asia Economics Update Misplaced optimism in India India’s central bank seems remarkably sanguine about the economic outlook given that even the country’s more optimistic firms are struggling to raise funds for investment and the next government will... 21st April 2009 · 1 min read
Asia Economics Update Thai instability dragging further on growth Seasoned investors are by now used to unrest in Thailand and markets should take the latest flare up in their stride. But political instability will hold back the economy’s recovery, with the result... 15th April 2009 · 1 min read
Asia Economics Update Australian central bank cuts, but rates nearing bottom Australian interest rates were cut again today, but given the central bank’s wait-and-see stance and its relatively upbeat assessment of the outlook, they may not have much further to fall. We are... 7th April 2009 · 1 min read
