Asia Economic Outlook Asia to keep going its own way (Q2 10) We expect the world recovery will lose momentum in 2010-11 but do not anticipate that the recent turmoil in the markets will derail the global upswing. The implication for Asia is that the regional... 27th May 2010 · 1 min read
Asia Economics Update The Philippines’ strong start to 2010 is likely to last Today it was the turn of the Philippines to publish impressive Q1 GDP data. Base effects played a part but q/q growth was rapid too. The economic recovery is on solid foundations and will stay strong... 27th May 2010 · 1 min read
Asia Economics Update Philippines election to bring long run market gains The new counting system was up to the job and the presidential election in the Philippines has produced a clear winner. The new government will target fiscal consolidation and measures to lift... 12th May 2010 · 1 min read
Asia Economics Update Philippine markets likely to rally after the election There is some uncertainty over whether the new counting system is up to the job but the 10th May presidential election in the Philippines should bring a clear-cut result. The new government will... 6th May 2010 · 1 min read
Asia Economics Update Philippines monetary tightening to shift gears soon The Philippines central bank (BSP) left its key policy rate unchanged at 4.00%, as expected, but a first rate hike is now close. We expect a move at the next meeting on 3rd June once the 10th May... 22nd April 2010 · 1 min read
Asia Economics Update Philippines inching closer to a first policy rate hike The Philippine central bank (BSP) left its key policy rate unchanged at today’s meeting, as expected, but continued to unwind some of the other support measures which are no longer needed. Politics... 11th March 2010 · 1 min read
Asia Economic Outlook Upswings to stay impressive for a while (Q1 10) The trade-dependent economies will eventually see slower GDP growth later this year and in 2011 as the global upswing loses momentum. But Asia’s rebound will not come to a complete halt and growth, by... 19th February 2010 · 1 min read
Asia Economics Update Philippine rate hike draws closer The Philippine central bank (BSP) today left its key policy rate unchanged at 4.0%, as expected, but also began to unwind some of the liquidity support put in place during the global crisis. We still... 28th January 2010 · 1 min read
Asia Economics Update Philippines stress-test on the way Philippines country credit risk will be in the spotlight over the next six months given that the 2010 borrowing requirement will probably hit record levels, and ahead of May’s presidential and... 18th January 2010 · 1 min read
Asia Economics Update Philippine rates to move up in the first half of 2010 Today the Philippine central bank (BSP) left its policy rate unchanged at 4%, as expected, and retained a neutral bias. The economic upswing will almost certainly continue but inflation still looks... 17th December 2009 · 1 min read
Asia Economic Outlook Decoupling is back (Q4 09) We expect the upswing in emerging Asia to stay relatively strong in coming quarters. The more trade-dependent economies will be held back by the long drawn-out recoveries that are likely in the US and... 24th November 2009 · 1 min read
Asia Economics Update First Philippine rate rise still some way off Today the Philippine central bank, as expected, left its policy rate unchanged at 4% and retained a neutral bias. Damage from recent storms has made the near term outlook more uncertain. But we still... 5th November 2009 · 1 min read
Asia Economics Update First Philippine rate rise likely in Q2 2010 Today the Philippines’ central bank, as expected, left its policy rate unchanged at 4% and retained a neutral bias. The economic impact of Tropical Storm Ketsana should be small and the GDP upswing is... 1st October 2009 · 1 min read
Asia Economics Update The Philippines should keep surprising on the upside Today it was the Philippines’ turn to announce a far stronger-than-expected Q2 GDP gain. As elsewhere in Asia, it is the resilience of domestic demand which is pulling the economy through, but the... 27th August 2009 · 1 min read
Asia Economics Update The Philippines is leaving its past behind Yesterday’s debt rating upgrade from Moody’s was catch-up and long overdue but does at least acknowledge the increased resilience of the Philippine economy to global shocks and its likely higher long... 24th July 2009 · 1 min read
Asia Economics Update Philippines’ 50bp rate hike unlikely to be replicated elsewhere The decision by the Philippines’ central bank to raise the benchmark interest rate by a larger-thanexpected 50bp to 5.75% should not be taken as a signal that other Asian central banks are about to... 17th July 2008 · 1 min read
