Asia Economics Update Weakest growth in a decade, further weakness ahead Growth slowed sharply in Emerging Asia last quarter, and is likely to remain fairly weak over the coming year, with looser fiscal and monetary policy unlikely to offset the drag from weaker global... 27th May 2019 · 1 min read
Asia Economics Weekly Won weakness, election season over The 6% decline in the Korean won since the start of the year does not pose a major threat to the economy. However, policymakers are clearly irked by the decline in the currency, with officials from... 24th May 2019 · 1 min read
Asia Data Response Manufacturing PMIS (Apr.) A slight improvement in the April PMIs fits with yesterday’s trade data from Korea in suggesting that the region’s economies have passed the worst. That said, we still expect regional growth to remain... 2nd May 2019 · 1 min read
Asia Economics Update Is the worst now over for Korean exporters? The rebound in Korean exports in April, which was mainly due to a further recovery in demand for semi-conductors, supports our view that the worst is now over for the export sector and the broader... 1st May 2019 · 1 min read
Asia Data Response Korea GDP (Q1) The sharp slowdown in Korea’s economy in Q1, which saw GDP fall by 0.3% q/q, will probably mark a trough. But with headwinds to growth set to remain, a strong rebound is unlikely. In light of today’s... 25th April 2019 · 1 min read
Asia Economics Update Weak export growth looks set to continue The most recent trade data, including the very weak outturn in Korean exports over the first 20 days of this month, suggest that regional trade remains in the doldrums. With the external sector facing... 22nd April 2019 · 1 min read
Global Economics Update Korea This Briefing is a reference guide with our latest views and forecasts for Korea’s economy, including the prospects for key macroeconomic and financial market variables such as gross domestic product... 18th April 2019 · 1 min read
Asia Economics Weekly Technology slump bottoms out, Philippines budget A slump in electronics exports has been a key drag on economic growth across Asia in recent months, but there are tentative signs that the worst may now be over. Meanwhile, after months of delays, the... 18th April 2019 · 1 min read
Asia Economics Update Bank of Korea’s next move to be a cut The Bank of Korea (BoK) left interest rates unchanged at 1.75% today. But, while it sounded less upbeat on the economy, we still think the BoK is too optimistic on the outlook for growth. With growth... 18th April 2019 · 1 min read
Asia Data Response Korea Trade, Manufacturing PMIs (Mar.) PMIs rose across much of Emerging Asia last month. But it’s too soon to call a turning point. The PMIs for the region’s biggest manufacturing sectors still point to a contraction in output, while... 1st April 2019 · 1 min read
Asia Economics Update Inflation to remain low, rates cuts coming Inflation across Emerging Asia has fallen back sharply in recent months and is likely to remain low over the coming quarters. With growth also set to slow, we expect some central banks to start... 7th March 2019 · 1 min read
Asia Data Response Manufacturing PMIs (Feb.) There were few positives in the February PMIs, with the headline readings pointing to another broad-based deterioration in regional manufacturing conditions. The chances of an improvement in the near... 4th March 2019 · 1 min read
Asia Economics Update Bank of Korea set for an extended pause The Bank of Korea (BoK) left interest rates unchanged today at 1.75%, but sounded a little more worried than previously about the outlook for the economy. We are sticking with our view that interest... 28th February 2019 · 1 min read
Asia Economics Weekly Export downturn worsens, Trump-Kim summit The weak Korean export figures for the first 20 days of February that were published earlier this week suggest that the region’s export downturn is intensifying. Looking ahead, the highlight of the... 22nd February 2019 · 1 min read
Asia Data Response Korea Labour Market (Jan.) January data suggest that a sharp minimum wage hike at the beginning of the year weighed on hiring, and is likely to depress job creation throughout 2019. The poor health of the labour market is set... 13th February 2019 · 1 min read
Asia Economics Update Bank of Korea unlikely to raise rates this year Today’s decision from the Bank of Korea (BoK) to keep rates on hold, and the downgrade in its forecasts, adds weight to our view that rates are likely to remain on hold throughout 2019. 24th January 2019 · 1 min read
