Asia Economics Weekly Spillovers from China’s zero-COVID to last to 2024 China’s strict border controls are holding back the tourism recovery in the rest of the region. With no sign that Beijing is in any hurry to change its zero-COVID policy, it will likely take years for... 14th October 2022 · 6 mins read
Asia Economics Update MAS tightens despite bleak growth outlook The Monetary Authority of Singapore (MAS) tightened policy today, in an attempt to contain elevated price pressures, but with inflation likely to fall in the coming quarters and the economy set to... 14th October 2022 · 3 mins read
Asia Economics Update Korea: tightening cycle nearing an end We are resending this publication due to an error in the previous email. We apologise for any inconvenience caused. The decision by the Bank of Korea to raise its policy rate by a further 50bp (to 3.0... 12th October 2022 · 3 mins read
China Economics Weekly UN win highlights China’s “fracturing” vulnerabilities China had a diplomatic win at the UN this week, but its success also shines a light on its vulnerabilities as the global economy fractures into US and China-centred blocs. China has more supporters in... 7th October 2022 · 9 mins read
Asia Economics Weekly Bank of Korea: 25bp or 50bp hike? The consensus is expecting the Bank of Korea (BoK) to increase its policy rate by 50bp at its scheduled meeting on Wednesday. But with the economy slowing sharply, we think a 25bp hike is more likely. 7th October 2022 · 5 mins read
Asia Economics Update Korea: inflation to fall back more sharply in 2023 Continued worries about inflation mean the central bank (BoK) in Korea still has further work to do, and we are sticking with our view that the BoK will raise interest rates by at least 50bp between... 5th October 2022 · 2 mins read
Asia Data Response Manufacturing PMIs, Korea Trade, Indonesia CPI Manufacturing PMIs across the region were downbeat in September, as new export orders declined again. We expect conditions to remain subdued, as weaker global demand, high inflation and tighter... 3rd October 2022 · 2 mins read
Asia Economics Weekly Coming global recession to weigh on Asian exporters The most recent trade data out of Asia have been very weak, and with the global economy heading for recession, we think the worst is still to come. 30th September 2022 · 8 mins read
Asia Data Response Vietnam GDP (Q3) Vietnam recorded another quarter of strong growth last quarter, and while higher interest rates will act as a drag on demand, strong export demand should ensure the economy continues to outperform. 29th September 2022 · 2 mins read
Asia Economics Update Bank of Thailand needs to accelerate pace of tightening The Bank of Thailand hiked interest rates today by a further 25bp (to 1.0%) and appears committed to raising interest rates gradually over the coming months. But with inflation elevated and the... 28th September 2022 · 3 mins read
Asia Economics Update Stronger dollar to keep policymakers in tightening mode A strong US dollar is a threat to countries with lots of foreign currency debt and/or inflation problems, and is putting pressure on central banks across the region to raise interest rates more... 27th September 2022 · 3 mins read
Asia Economics Weekly Vietnam joins the region’s tightening cycle Despite low inflation, Vietnam’s central bank (SBV) joined the region’s tightening cycle on Thursday, when it raised rates by 100bp. Further hikes are likely as the SBV looks to support the dong... 23rd September 2022 · 7 mins read
