Asia Data Response Manufacturing PMIs, Korea Trade, Indonesia CPI Manufacturing PMIs across Asia fell back again in August, with the readings for Taiwan and Korea especially weak. We are not expecting any improvement over the coming months, with weaker global demand... 1st September 2022 · 2 mins read
Asia Economics Update Korea: tightening cycle to finish by end-year The Bank of Korea today raised its main policy rate by 25bp (to 2.5%) and signaled further hikes in the months ahead. However, with the central bank becoming more concerned about economic growth and... 25th August 2022 · 3 mins read
Asia Economics Weekly Bank of Korea: tightening cycle to finish by year-end With inflation at a 24-year high, the Bank of Korea (BoK) looks certain to raise interest rates again at its meeting on Thursday. We have pencilled in another 25bp hike, which would take the policy... 19th August 2022 · 6 mins read
Asia Economics Weekly Better news on inflation, as growth disappoints The recent national accounts data show most countries experienced a difficult second quarter. However, there was some more encouraging news on inflation – which already appears to have peaked in a few... 12th August 2022 · 6 mins read
Asia Data Response Manufacturing PMIs, Korea Trade, Indonesia CPI Manufacturing PMIs for July fell back amid further signs that global demand is weakening. With global growth set to slow further and domestic interest rates set to continue rising, the region’s... 1st August 2022 · 2 mins read
Asia Data Response Korea GDP (Q2) Korean GDP growth picked up slightly in the first quarter, but this is likely to be as good as it gets for the economy. We expect growth to slow in the second half of 2022 as rising interest rates... 26th July 2022 · 2 mins read
Asia Economic Outlook Tightening cycles to be short lived as headwinds grow Further interest rate hikes are likely across the region in the near term, and we have raised some of our year-end forecasts to reflect growing concern among the region’s policymakers about inflation... 20th July 2022 · 34 mins read
Asia Economics Update Bank of Korea: tightening cycle to finish by year-end The Bank of Korea today raised its main policy rate by 50bp (to 2.25%), and further hikes are likely in the near term given worries about inflation. But with economic growth set to slow and inflation... 13th July 2022 · 3 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor Capital outflows from EMs picked up over the past month and are likely to persist over the rest of the year. That’s a particular threat to those EMs whose current account deficits have widened or are... 12th July 2022 · 2 mins read
Asia Economics Weekly Bank of Korea to play it safe The Bank of Korea (BoK) has raised interest rates by 25bp five times so far this cycle, and further hikes looked nailed on for the central bank’s meeting on Wednesday. But whereas the consensus is... 8th July 2022 · 5 mins read
Asia Economics Weekly Worries over weak won, Pakistan nearing IMF deal The weakness of the Korean won, which has fallen by over 8% against the US dollar since the start of 2022, is likely to be welcomed by the country’s exporters, who face the prospect of a sharp... 1st July 2022 · 6 mins read
Asia Data Response Manufacturing PMIs, Korea Trade, Indonesia CPI Manufacturing PMIs for June fell back mainly due to the weakness of external demand. We think weaker global growth will remain a drag on exports over the coming months and that the region’s industrial... 1st July 2022 · 2 mins read
Asia Chart Pack Thai economy to receive tourism boost After more than two years in the doldrums, Thailand’s tourism sector is finally showing signs of life. Arrivals in May reached 520,000 – a 77% increase from the previous month and 19% of the level... 27th June 2022 · 14 mins read
Asia Economics Weekly Korea’s hot labour market, Sri Lanka’s tourism woes The Korean labour market is continuing to heat up, increasing the chances that the central bank will tighten monetary policy further over the coming months. Meanwhile, a renewed slump in visitor... 17th June 2022 · 6 mins read
Asia Economics Update Korea: assessing the impact of the truckers strike A strike by truck drivers in Korea is causing significant disruption. Prolonged industrial action could add to strains on global supply chains and would lower Korean GDP. Even if the strike ends soon... 14th June 2022 · 3 mins read
