India Economics Focus Unlocking India's demographic potential If it isn't already, India will soon be the world’s most populous nation. But this doesn’t mean that policymakers can simply wait for the economic benefits to arrive. The key to unlocking India’s... 15th February 2023 · 14 mins read
Asia Economics Update Singapore tightens fiscal policy despite economic slowdown While Singapore’s government has framed today’s budget as being designed to help poorer households cope with a rise in the cost of living, the main macro impact is a tightening of fiscal policy at a... 14th February 2023 · 3 mins read
Asia Data Response Singapore GDP (Q4, final estimate) The economy slowed sharply in Q4 and we expect growth to remain tepid and well below-trend over the coming months as multi-decade high interest rates and weak global demand weigh on prospects. 13th February 2023 · 3 mins read
Asia Economics Weekly Philippines: inflation surprise to prompt 50bps hike In most of the region inflationary pressures are continuing to ease and central banks are preparing to bring tightening cycles to an end. A key exception is the Philippines, where a jump in headline... 10th February 2023 · 10 mins read
Asia Data Response Malaysia GDP (Q4) GDP contracted sharply in Q4 2022 and we think the economy will continue to struggle in the coming quarters as high interest rates, weak external demand and tepid consumption activity drag on... 10th February 2023 · 3 mins read
Asia Data Response Indonesia GDP (Q4) Economic growth in Indonesia slowed in the final quarter of last year and further weakness is likely as weak global demand, high inflation and elevated interest rates drag on activity. 6th February 2023 · 2 mins read
Asia Economics Weekly Bank of Korea turns dovish as downturn worsens Despite the jump in inflation last month, the worsening activity data means the Bank of Korea is likely to leave interest rates unchanged at its February meeting. 3rd February 2023 · 7 mins read
Emerging Markets Economics Update China’s re-opening and EMs: three key questions We’ve received a lot of questions recently about the impact of China’s re-opening on EMs, including at our monthly Drop-in today. This Update answers three key questions on the winners and losers, the... 2nd February 2023 · 4 mins read
Emerging Markets Economics Update EM banks well placed to face rising loan losses EM banks will face an increase in loan losses this year, but the good news is that banking sectors on the whole appear well-placed to absorb these, particularly in parts of Latin America, Emerging... 2nd February 2023 · 4 mins read
Emerging Markets Economics Update EM industry: brighter outlook, but headwinds persist The manufacturing PMIs picked up in most emerging markets in January, offering hope that the worst for EM industry may have now passed. But activity remains soft against the backdrop of high interest... 1st February 2023 · 2 mins read
Asia Data Response Manufacturing PMIs & Korea Trade (Jan.) Manufacturing PMIs edged up slightly in January but remained subdued overall. We continue to expect weak global demand and elevated interest rates to drag on manufacturing activity in the coming... 1st February 2023 · 2 mins read
Climate Economics Focus The curious case of China’s climate credentials There is a touch of the Dr Jekyll and Mr Hyde about China’s climate credentials, with its well-documented record of burgeoning emissions and reliance on coal standing in stark contrast to its... 31st January 2023 · 16 mins read
Asia Chart Pack Currency rebound provides welcome relief to policymakers Asian currencies have continued to rebound against the US dollar over the past month, and most are now up by around 5-15% against the greenback since early November. Optimism around China’s reopening... 30th January 2023 · 15 mins read
