China Economics Weekly Targeted regulations won’t fix structural overcapacity With the EU and US both apparently moving closer to imposing new trade restrictions on EVs and possibly on other "new energy" products from China, China's state media this week made a concerted effort... 10th May 2024 · 7 mins read
Asia Economics Weekly BSP to sound dovish, inflation eases in Taiwan The central bank in the Philippines is likely to leave interest rates unchanged at its scheduled meeting on Thursday. However, the sharp slowdown in economic growth in the first quarter means the BSP... 10th May 2024 · 6 mins read
Emerging Markets Economics Update Stubborn services inflation could slow rate cuts further The persistent strength in core services inflation in some EMs outside Asia raises the chances that central banks cut interest rates by less than the consensus expects this year, not least because it... 9th May 2024 · 4 mins read
Asia Rapid Response Malaysia: Monetary Policy Meeting Bank Negara Malaysia (BNM) left its overnight policy rate (OPR) on hold (at 3.00%) today, and the tone of its statement supports our view that rates will be left unchanged throughout 2024. The... 9th May 2024 · 2 mins read
Asia Rapid Response Philippines GDP (Q1) GDP growth in the Philippines slowed in Q1 and we expect further weakness over the rest of the year as tight monetary policy, slower growth in remittances and weaker export demand weigh on activity. 9th May 2024 · 2 mins read
China Rapid Response China Merchandise Trade (Apr. 2024) Export values returned to growth last month after contracting in March, but this was mainly due to a lower base for comparison. Export volumes were little changed in April following a pullback in the... 9th May 2024 · 2 mins read
China Economics Update China’s export success also due to weakness at home China’s leadership argues that the country’s export success in industries like auto production is a reflection of its technological strength. It understandably doesn’t want to focus on another factor... 8th May 2024 · 5 mins read
Asia Rapid Response Indonesia GDP (Q1 2024) The national accounts data released today suggest that economic growth in Indonesia remained broadly stable last quarter, but we don’t have much faith in the official data. With economic activity... 6th May 2024 · 2 mins read
China Economics Weekly Developer financing still weak, green loans surge The continued weakness of credit demand is holding back China's economic recovery. While lending to manufacturers continues to be strong – particularly for those engaged in green technology production... 3rd May 2024 · 7 mins read
Asia Economics Weekly Korea: a weak start to the second quarter In response to the stronger-than-expected first quarter GDP figures, Bank of Korea Governor Rhee this week hinted that the central bank would revise up its GDP growth forecast (from 2.1%) for this... 3rd May 2024 · 8 mins read
Emerging Markets Economics Update EM manufacturing still going strong The EM manufacturing PMI for April showed that industry continued its strong start to the year through to the beginning of Q2. At a regional level, the narrative was largely unchanged: India remains... 2nd May 2024 · 2 mins read
Asia Economics Update Korea: inflation to return to target by mid-year Korea is one of the few countries in the region where inflation is still above target. However, with economic growth set to slow and the government stepping up efforts to bring food prices down, we... 2nd May 2024 · 2 mins read
Asia Economics Update Manufacturing PMIs & Korea Trade (April) The PMIs from Emerging Asia remained weak in April. We think manufacturing activity across most of Asia will remain subdued in the near term but output in Taiwan and Korea is likely to hold up better... 2nd May 2024 · 2 mins read
