Asia Economics Update First thoughts on the impact of US tariffs on Asia Asian economies will be hit harder than most by US reciprocal tariffs. We were already expecting more rate cuts than the consensus in most countries in the region, but there’s now a risk that central... 3rd April 2025 · 3 mins read
Asia Economic Outlook Asia Outlook: Rate cuts and trade uncertainty We expect economic growth across the region to remain subdued, with most economies set to record below-trend and below-consensus growth this year. While lower interest rates will provide some support... 25th March 2025 · 28 mins read
Asia Economics Weekly Duterte in the dock, Korea’s welcome workforce shift The arrest of former President Rodrigo Duterte by the ICC will not have any direct economic consequences, but it shines a light on the deepening political instability in the Philippines, particularly... 14th March 2025 · 6 mins read
Asia Rapid Response Philippines Monetary Policy Announcement (February) 13th February 2025 · 2 mins read
Asia Rapid Response Philippines Monetary Policy Announcement (December 2024) 19th December 2024 · 2 mins read
Asia Economic Outlook Asia Outlook: More rate cuts coming We expect another year of below-trend and below-consensus GDP growth in most of Asia in 2025, as tight fiscal policy and weak exports weigh on output. In China, a slowdown in construction will act as... 13th December 2024 · 28 mins read
Asia Economics Update Asia Manufacturing PMIs, Korea Trade (November) The November PMIs for Asia remained weak and are consistent with our expectation for manufacturing activity in the region to remain subdued in the near term. The data also showed a modest pick-up in... 2nd December 2024 · 2 mins read
Emerging Markets Economics Update What do Trump’s immigration plans mean for EMs? US President-elect Donald Trump’s plans to curb immigration and undertake a mass deportation of undocumented migrants could boost labour supply in countries that are the source of migrants. But there... 18th November 2024 · 6 mins read
Asia Rapid Response Philippines Monetary Policy Announcement (October 2024) The central bank in the Philippines cut rates by 25bps and signalled that the recent economic data support its shift towards a looser monetary policy stance. Further gradual loosening lies in store in... 16th October 2024 · 2 mins read
Asia Economics Weekly Korea cuts, Bank Indonesia on a knife edge The Bank of Korea cut interest rates today and we are expecting the central banks of Thailand and the Philippines to follow suit at their scheduled meetings on Wednesday. The Monetary Authority of... 11th October 2024 · 8 mins read
Event Asia Drop-In: How far will policy easing go to support Asia’s economies? 1729067400 It’s a busy week for Asia’s central banks, with three key decisions expected on Wednesday following on from the latest Reserve Bank of India and Bank of Korea meetings.
Asia Economics Update Asia: key client questions answered We recently held a series of Asia-focussed roundtable discussions with clients in London, covering an array of topics including the impact of Fed easing, the US election, global fracturing and China’s... 1st October 2024 · 6 mins read
Asia Economic Outlook Policy easing to gather pace We are expecting another year of below-trend economic growth in 2025 across Asia, as subdued exports, worsening labour markets and tighter fiscal policy weigh on demand. Inflation is back to target... 23rd September 2024 · 28 mins read
FX Markets Update We think Asian currencies’ rallies will slow, not stop We expect most Asian currencies to make further gains against the US dollar over time, even if their biggest rallies may now be behind them. 27th August 2024 · 5 mins read
