Asia Data Response Singapore GDP (Q4, flash estimate) Growth slowed sharply in the first two months of Q4 and we expect a further slowdown over the coming months as high inflation, multi-decade high interest rates and weaker global demand weigh on... 3rd January 2023 · 3 mins read
Asia Economics Weekly Exporters take a beating, worse still to come Recent trade data from Emerging Asia have been downbeat and, with the global economy heading for recession, worse is still to come. 23rd December 2022 · 12 mins read
Asia Economics Update Bank Indonesia: end of tightening creeping closer Bank Indonesia today raised interest rates for a fifth consecutive meeting, but slowed the pace of tightening with a 25bp hike (to 5.50%). With inflation still well above target, the central bank has... 22nd December 2022 · 3 mins read
Asia Chart Pack Core inflation still rising The past few weeks have brought mostly good news on the inflation front, with the headline rate dropping back in most countries in November. Less encouragingly, however, core inflation has continued... 20th December 2022 · 15 mins read
Asia Economics Weekly What the end of zero-COVID in China means for Asia Chinese authorities appear to have given up on efforts to contain the spread of COVID-19 much earlier than we had previously anticipated. There may be some disruption to China’s industrial sector in... 16th December 2022 · 6 mins read
India Economics Weekly Lending rates playing catch up Data released this week reinforce our view that domestic demand is softening in response to higher interest rates. And with the rise in lending rates still having further to run to fully reflect the... 16th December 2022 · 3 mins read
Asia Economics Update Taiwan: tightening cycle at an end Taiwan’s central bank today raised its main policy rate by 12.5bps (to 1.75%) but with inflation easing and growth set to struggle, we expect this hike to have marked an end to the tightening cycle. 15th December 2022 · 3 mins read
Asia Economics Update Philippines: tightening cycle nearing an end The central bank in the Philippines today raised its main policy rate by 50bps (to 5.50%), but with Governor Felipe Medalla sounding more dovish than expected on inflation, we think the tightening... 15th December 2022 · 3 mins read
Asia Economic Outlook Rate cuts in 2023 as growth slows Economic growth will slow sharply in most of the region in 2023 as higher interest rates and weaker exports drag on demand. Our GDP growth forecasts are below consensus in most countries. With... 13th December 2022 · 3 mins read
India Data Response Consumer Prices (Nov.) & Industrial Production (Oct.) The sharper-than-expected drop in headline CPI inflation in November (to 5.9% y/y) pulls it below the ceiling of the Reserve Bank’s 2-6% target range for the first time in almost a year. We maintain... 12th December 2022 · 2 mins read
Asia Economics Weekly Good news on inflation (except in the Philippines) The past week has brought mostly good news on the inflation front. Of the nine countries in the region to have reported November inflation figures, the y/y rate dropped or was stable in eight of them... 9th December 2022 · 6 mins read
Asia Economics Weekly BoK sounds dovish as inflation eases and growth slows A string of weak activity data, a sharp drop in inflation and dovish comments from the central bank support our view that the Bank of Korea’s tightening cycle is coming to an end soon. 2nd December 2022 · 6 mins read
