Asia Data Response Manufacturing PMIs (Dec.) The December PMIs for Emerging Asia suggest that the region’s manufacturing sectors remained in good health. Focusing on the two economies where the PMIs most closely track the hard data, Taiwan’s... 2nd January 2018 · 1 min read
Asia Economics Update Will corporate tax hikes dent Korea’s competitiveness? The programme of tax hikes and spending increases passed today by South Korea’s parliament is unlikely to have much impact on the country’s growth prospects. The budget is forecast to be fiscally... 6th December 2017 · 1 min read
Asia Data Response Manufacturing PMIs (Nov.) The November PMIs for Emerging Asia suggest that the region’s manufacturing sectors rebounded strongly last month. Encouragingly, the headline readings for Taiwan and Korea – the two economies where... 1st December 2017 · 1 min read
Asia Economics Update Korea’s policy tightening will proceed gradually The Bank of Korea (BoK) raised its policy rate for the first time since 2011 today. Looking ahead, the tone of the governor’s accompanying press conference suggests aggressive monetary policy... 30th November 2017 · 1 min read
Asia Economics Update Raising our Korea growth and interest rate forecasts China and South Korea’s decision to “reset” relations should provide a significant boost to Korea’s economy by bringing an end to China’s boycott of Korean goods as well as the clampdown on Chinese... 1st November 2017 · 1 min read
Asia Data Response Manufacturing PMIs (Oct.) The October PMIs for Emerging Asia suggest that the region’s manufacturing sectors lost some momentum at the start of Q4. The headline readings for Korea and Taiwan – the two economies where the PMIs... 1st November 2017 · 1 min read
Asia Chart Pack Malaysia’s budget won’t be a giveaway bonanza While Malaysia has made good progress in bringing down its budget deficit, there remains limited room for a pre-election giveaway in the 2018 budget, which is due to be announced on 27th October... 26th October 2017 · 1 min read
Asia Data Response Korea GDP (Q3) GDP growth in South Korea rose to a seven-year high in q/q terms last quarter as the economy brushed off the rising tensions on the Korean peninsula. Provided conflict is avoided, South Korea should... 26th October 2017 · 1 min read
Asia Economics Weekly Indonesia’s Jokowi failing to deliver on reform Joko Widodo (commonly known as Jokowi) came to power three years ago promising to reinvigorate the struggling economy and raise growth to 7%. Despite some encouraging progress at the start of his... 20th October 2017 · 1 min read
Asia Economics Update Bank of Korea to keep rates low for some time yet The Bank of Korea (BoK) left interest rates on hold today and the governor’s accompanying press conference makes clear that monetary policy will remain accommodative. We continue to expect the policy... 19th October 2017 · 1 min read
Asia Economics Weekly How do our forecasts differ from the consensus and the IMF? For most countries, our forecasts are a little bit below those of both the consensus and the IMF. However, there are three economies, Hong Kong, the Philippines and Pakistan where we think other... 13th October 2017 · 1 min read
Asia Data Response Manufacturing PMIs (Sep.) Emerging Asia’s PMIs for September suggest the region’s manufacturing sectors ended Q3 on a solid note. Focussing on the two economies where the PMIs most closely track the hard data, Taiwan’s... 2nd October 2017 · 1 min read
Asia Economics Update Asian equities and currencies come off the boil Asian equities and currencies have generally fallen over the past month. Although worries about the Fed have played a role, local factors have been important too. 29th September 2017 · 1 min read
Asia Economics Weekly Inflation to remain subdued, interest rates to stay low Whereas the consensus is expecting monetary policy in Emerging Asia to be tightened next year, we think central banks will be in little hurry to raise interest rates. One of the main reasons is the... 29th September 2017 · 1 min read
Emerging Markets Economics Update Drop in CA deficits take EMs out the firing line There are several reasons why the gradual tightening of monetary policy in developed markets is unlikely to cause major problems for EMs, but one of the most important is that current account deficits... 26th September 2017 · 1 min read
Asia Chart Pack Will tougher sanctions on North Korea work? The United Nations has agreed a new set of sanctions on North Korea, which while falling short of what was originally demanded by the US, constitute the strongest sanctions ever imposed on the country... 12th September 2017 · 1 min read
