Asia Economic Outlook New headwinds emerge Our GDP growth forecasts are generally above the consensus, but with higher commodity prices and weaker global demand set to weigh on economic recoveries, growth across much of Emerging Asia will be... 28th April 2022 · 35 mins read
Asia Economics Weekly More dovish signals from South East Asia Dovish comments from policymakers over the past week support our view that central banks in South East Asia will buck the trend of global tightening and leave interest rates unchanged over the coming... 25th March 2022 · 7 mins read
Asia Economics Update Philippines: central bank in no rush to tighten The central bank in the Philippines (BSP) left its main policy rate on hold at 2.00% today and will be in little hurry to tighten policy in the months ahead, with supporting the economic recovery set... 24th March 2022 · 2 mins read
Asia Chart Pack How will central banks respond to rising oil prices? The recent jump in oil prices poses a significant upside risk to our inflation and interest rate forecasts for this year. Central banks would normally “look through” a one-off jump in the price level... 28th February 2022 · 14 mins read
Asia Economics Update Philippines: no rate hikes this year The central bank in the Philippines (BSP) left its main policy rate unchanged at 2.0% today and we expect rates to be left on hold throughout 2022. In contrast, the consensus is expecting 50bps of... 17th February 2022 · 2 mins read
Asia Economics Weekly Singapore budget, elections loom in the Philippines The focus of Singapore’s 2022 budget next Friday will be on steps to raise revenues to help deal with a rapidly ageing population, as the government shifts away from supporting the economy through the... 11th February 2022 · 6 mins read
Asia Economics Weekly Encouraging developments in the Philippines The Philippines has been hit harder than any other country in the region by the pandemic, but the past week has at least brought some good news. The latest Omicron wave appears to have had only a... 4th February 2022 · 8 mins read
Asia Data Response Manufacturing PMIs (Jan.) January Manufacturing PMIs suggest that regional industry remains in rude health after a very strong end to last year. While there are signs that producers are having some success in tackling large... 3rd February 2022 · 2 mins read
Asia Chart Pack Rising virus numbers unlikely to derail recovery The Omicron variant is spreading quickly across Asia. Daily virus numbers are now at record levels in Korea, Singapore and the Philippines. However, the economic impact of Omicron is shaping up to be... 27th January 2022 · 15 mins read
Asia Data Response Philippines GDP (Q4) While an Omicron wave means the economy’s continued strong performance in Q4 is unlikely to be repeated this quarter, we think growth will pick up again before long. That said, the overall recovery... 27th January 2022 · 3 mins read
Asia Economic Outlook Central banks in no hurry to tighten Omicron should prove no more than a small stumbling block for Asia. Our forecasts are for above-trend and above-consensus growth in most countries this year. India, Indonesia and Korea are likely to... 25th January 2022 · 34 mins read
Asia Economics Update What to expect in Emerging Asia in 2022 Asia will be – contrary to consensus expectations for widespread hikes – the only EM region in which the median central bank isn’t tightening this year. 10th January 2022 · 4 mins read
China Economics Update A guide to political events in 2022 Korea, the Philippines and India are each holding elections this year that will play a role in setting fiscal and structural reform priorities, including the possible introduction of a universal basic... 10th January 2022 · 4 mins read
Asia Economics Weekly Philippines in no rush to hike, new growth forecasts Falling inflation and an increasingly uncertain economic outlook add weight to our non-consensus view that the central bank in the Philippines (BSP) will not tighten monetary policy in 2022. Meanwhile... 7th January 2022 · 5 mins read
Asia Chart Pack What Omicron means for monetary policy in Asia Most countries in Emerging Asia have now recorded cases of Omicron, and the experience from elsewhere in the world suggests that it is only a matter of time before there is widespread community... 22nd December 2021 · 14 mins read
Asia Economics Update Philippines: BSP to leave rates low to support recovery The central bank in the Philippines (BSP) today left interest rates unchanged at 2.00%, and with inflation set to ease further over the coming months we think the central bank will keep monetary... 16th December 2021 · 2 mins read
