Asia Economics Update Korea: demographic drag worsening Figures released today highlight the dreadful demographic outlook facing Korea, with the population (excluding migrants) falling for a third year in a row. Poor demographics are the key reason why we... 22nd February 2023 · 4 mins read
Asia Economics Focus Korea: recession and rate cuts The near-term economic outlook for Korea is very poor, with falling real incomes, problems in the housing market, and weak global demand all set to weigh on prospects this year. Our forecast is that... 21st February 2023 · 10 mins read
Emerging Markets Economics Update EM investment: weak outlook and clear divergence EM investment surged far above pre-pandemic levels last year, but there was a clear divergence across countries and we think investment growth will slow in 2023. One worrying development is that... 20th February 2023 · 4 mins read
Asia Economics Weekly Asia in 2050, Malaysia budget, Korea rate meeting Emerging Asia is set to play an increasingly important role in the global economy over the coming decades. According to our latest Long Run Outlook, seven of the world’s 20 largest economies will be... 17th February 2023 · 6 mins read
Asia Data Response Thailand GDP (Q4) Thailand’s economy contracted sharply in the final quarter of last year, as a strong recovery in the tourism sector was unable to compensate for weakness elsewhere. Looking beyond the weak fourth... 17th February 2023 · 5 mins read
Asia Economics Update Philippines: tightening cycle not over yet The central bank of the Philippines today raised its main policy rate by a further 50bps (to 6.00%) and increased its inflation forecast for this year significantly. We are revising our interest rate... 16th February 2023 · 2 mins read
Asia Economics Update Bank Indonesia: No more rate hikes this year Bank Indonesia (BI) kept its main policy rate unchanged today (at 5.75%), and signalled that further rate increases this year were unlikely. This supports our view that the tightening cycle has now... 16th February 2023 · 2 mins read
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
