Event EM Drop-In: What China’s re-opening means for emerging markets 2nd February 2023, 3:00PM GMT China has made an abrupt shift away from zero-COVID, prompting a wave of market euphoria – and some anxiety – about a surge in demand. But what does the economy’s reopening really mean for emerging...
Asia Economics Weekly Rebounding won, Vietnam politics, dovish surprises The rebound in the won is unlikely to be welcomed by the country’s struggling exporters, but will come as a relief to the Bank of Korea, which had become worried that higher import prices would keep... 20th January 2023 · 12 mins read
Asia Economics Update Indonesia: Tightening cycle over Bank Indonesia (BI) today raised interest rates by a further 25bps (to 5.75%) but also appeared to signal there would be no further rate increases this year. We are changing our forecast in response... 19th January 2023 · 3 mins read
Asia Data Response Manufacturing PMIs & Korea Trade (Dec.) Manufacturing PMIs across the region rose slightly in December but remained weak overall. We continue to expect weaker global demand, high inflation and interest rates to drag on manufacturing ahead. 3rd January 2023 · 2 mins read
Asia Economics Update Bank Indonesia: end of tightening creeping closer Bank Indonesia today raised interest rates for a fifth consecutive meeting, but slowed the pace of tightening with a 25bp hike (to 5.50%). With inflation still well above target, the central bank has... 22nd December 2022 · 3 mins read
Asia Economic Outlook Rate cuts in 2023 as growth slows Economic growth will slow sharply in most of the region in 2023 as higher interest rates and weaker exports drag on demand. Our GDP growth forecasts are below consensus in most countries. With... 13th December 2022 · 3 mins read
Asia Chart Pack Consumer resilience unlikely to last Most countries in the region have now reported GDP figures for the third quarter, and growth was generally faster than we (and the consensus) had expected. One factor behind this resilience was the... 29th November 2022 · 15 mins read
Asia Economics Update Bank Indonesia: further tightening ahead Bank Indonesia today raised interest rates by a further 50bps (to 5.25%) and we think further hikes are likely as the central bank looks to support the rupiah and clamp down on inflation. 17th November 2022 · 2 mins read
Asia Data Response Indonesia (Q3 GDP) Economic growth in Indonesia accelerated in the third quarter, but this is likely to be as good as it gets. We expect lower commodity prices, tighter monetary policy and elevated inflation to drag on... 7th November 2022 · 2 mins read
Asia Data Response Manufacturing PMIs, Korea Trade, Indonesia CPI Manufacturing PMIs across the region were downbeat in October owing to weak external demand and a deterioration in the employment outlook. We expect manufacturing to remain subdued, as weaker global... 1st November 2022 · 2 mins read
Asia Chart Pack Policymakers increase currency support Central banks across the region have been stepping up the pace of intervention in foreign exchange markets to support their currencies, resulting in a drop in FX reserves. In most countries, reserves... 31st October 2022 · 15 mins read
