Asia Data Response Indonesia GDP (Q2) Indonesia’s economy is struggling badly, with Q2 GDP data showing that the recovery lost some momentum even before the latest surge in virus cases, which will have thrown the economy back into... 5th August 2021 · 3 mins read
Asia Data Response Philippines CPI (July) After dropping back to just within the central bank’s target range for the first time this year, headline inflation in the Philippines is set to continue falling in the coming months. This will open... 5th August 2021 · 3 mins read
Emerging Markets Economics Update The Delta variant and EM tourism troubles The rapid spread of the Delta variant of the coronavirus adds to reasons to think that lacklustre economic recoveries lie in store for tourism-dependent economies in Africa, parts of the Middle East... 4th August 2021 · 3 mins read
Asia Economics Update Bank of Thailand to lower rates further The Bank of Thailand (BoT) left its policy rate on hold at 0.5% today as expected. Given the deteriorating outlook for the economy and with two of the six MPC members voting for a rate cut, we now... 4th August 2021 · 3 mins read
Emerging Markets Economics Update SDR allocation a positive but won’t solve debt woes The $650bn allocation of IMF Special Drawing Rights (SDRs) that was finally signed off by the IMF yesterday should provide welcome relief to some frontier markets such as Ghana and Kenya that still... 3rd August 2021 · 3 mins read
Emerging Markets Economics Update Asian industry struggles, strong recoveries in EM Europe June’s PMIs show that virus outbreaks have weighed on manufacturing in Southeast Asia while supply bottlenecks and weaker demand created headwinds for industry in China. In contrast, Indian industry... 2nd August 2021 · 2 mins read
Asia Data Response Korea Trade (July) July data add to evidence that Korean exports are plateauing, after reaching very high levels. While we expect some softening ahead as final demand weakens a touch, a sharp pullback in exports is... 2nd August 2021 · 3 mins read
Asia Data Response Manufacturing PMIs (July) The July PMIs for Emerging Asia point to sharp contractions in manufacturing in those places worst affected by the virus. With outbreaks likely to remain a key headwind for months to come, the rapid... 2nd August 2021 · 2 mins read
Emerging Markets Activity Monitor Clouds over Asia, bright spots in EM Europe & Lat Am While the pandemic continues to hold back recoveries in Southeast Asia, the near-term outlook appears brighter in Emerging Europe and Latin America. However, low vaccine coverage in the latter means... 30th July 2021 · 2 mins read
Asia Data Response Taiwan GDP (Q2, provisional) Taiwan’s economy only contracted slightly last quarter despite a major COVID outbreak, as strong exports cushioned the blow. Large backlogs of orders should keep exports elevated which, alongside a... 30th July 2021 · 3 mins read
Asia Economics Weekly Virus now hitting industry in Malaysia and Vietnam Industry in Malaysia and Vietnam was already feeling a pinch from restrictions and worker shortages brought about by a jump in COVID-19 cases, but the situation is deteriorating fast. Data early next... 30th July 2021 · 9 mins read
Asia Chart Pack Singapore: moving beyond zero-COVID In a bold move that will be closely watched across the region, Singapore is set to drop its implicit target of pursuing zero local COVID-19 cases, with restrictions set to be eased gradually from... 28th July 2021 · 14 mins read
Asia Data Response Korea GDP (Q2, provisional) Korea’s recovery looks set to continue in the quarters ahead after GDP rose further above its pre-crisis level in Q2. Provided the economy proves relatively resilient to the latest wave of the virus... 27th July 2021 · 3 mins read
Asia Economics Weekly Vietnam-US tensions ease, new GDP forecasts Surging virus cases have cast a shadow over Vietnam’s near-term outlook, but there has also been some good news in the form of Monday’s announcement of a resolution to the long-running currency... 23rd July 2021 · 6 mins read
Asia Economics Update Indonesia: further rate cuts unlikely despite virus surge Bank Indonesia (BI) left interest rates unchanged today at 3.5%, and despite the worsening near-term outlook caused by a surge in COVID-19 cases, the central bank made clear further cuts are unlikely... 22nd July 2021 · 3 mins read
Capital Daily We expect EM currencies to remain under pressure We doubt that today’s rebound in emerging market currencies marks the start of a renewed rally and expect them to continue to depreciate against the US dollar over the next few years. 21st July 2021 · 5 mins read
