Asia Economics Weekly China rebound, Thai election, new currency forecasts Disruption from China’s reopening is fading faster than we had expected and we have revised up our GDP growth forecast for this year. As daily life in China returns to normal, spending at hotels... 13th January 2023 · 8 mins read
FX Markets Update China’s re-opening and currency markets While the medium-term outlook for the renminbi and other Asian currencies has improved, and we have revised some of our forecasts accordingly, we continue to anticipate that a deterioration in risk... 13th January 2023 · 4 mins read
Asia Economics Weekly Tourism boost as China reopens, Vietnam struggling Tourism across Asia has rebounded strongly in recent months, with arrivals in most places now at around 45% of pre-crisis levels. The region will receive a further boost on 8th January, when China... 6th January 2023 · 7 mins read
Emerging Markets Economics Update What does China’s end of zero-COVID mean for EMs? China’s abandonment of its zero-COVID policy could lead to supply chain disruption in other EMs, particularly other parts of Asia and Mexico, though we’re not too concerned yet. And outbound Chinese... 4th January 2023 · 3 mins read
Emerging Markets Economics Update EM industry: ends 2022 on a weak footing Although the manufacturing PMIs for December picked up in some highly-open EMs in Asia and Central Europe, industry in these countries remains very weak. And the surveys suggest that activity has... 3rd January 2023 · 2 mins read
India Economics Update External vulnerabilities to ease a touch in 2023 India’s current account deficit is likely to have widened to 3% of GDP in 2022, the largest in a decade. We expect the deficit to narrow slightly in 2023 as commodity prices ease and domestic demand... 3rd January 2023 · 3 mins read
Asia Data Response Manufacturing PMIs & Korea Trade (Dec.) Manufacturing PMIs across the region rose slightly in December but remained weak overall. We continue to expect weaker global demand, high inflation and interest rates to drag on manufacturing ahead. 3rd January 2023 · 2 mins read
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
