Asia Chart Pack Pakistan edges closer to IMF deal Talks between Pakistan and the IMF ended last week without agreement, but the subsequent decision by the government to cut back fuel subsidies has cleared one of the major hurdles towards a deal being... 30th May 2022 · 15 mins read
Emerging Markets Activity Monitor EM growth hit by China lockdown and war in Ukraine Recently-released Q1 GDP figures showed that most EMs performed well at the start of this year, but headwinds are growing. Lockdowns are dealing a heavy blow to China’s economy and spillovers from the... 26th May 2022 · 2 mins read
Asia Economics Weekly Asia late to tightening but won’t have to go far Central banks in India, the Philippines and Malaysia have all raised interest rates for the first time this cycle in recent weeks, and we expect further hikes next week in Indonesia, Korea and... 20th May 2022 · 9 mins read
Asia Economics Weekly What next for the recovery? Politics takes centre stage Despite a surge in virus cases at the start of the year, most countries recorded decent growth in the first quarter. We expect recoveries to continue over the coming months on the back of an easing of... 13th May 2022 · 6 mins read
Asia Data Response Malaysia GDP (Q1) Malaysia’s economy continued to rebound strongly at the start of this year and should grow at a decent pace throughout the rest of 2022. That said, there is still a long way for the recovery to go and... 13th May 2022 · 3 mins read
Asia Economics Update Bank Negara Malaysia will go slow following early hike Bank Negara Malaysia (BNM) raised its main policy rate earlier than many had expected today, but given low inflation and a continued need to support the recovery, we still think that the tightening... 11th May 2022 · 3 mins read
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 Data Response Manufacturing PMIs, Korea Trade (Mar.) While Korean trade data show exports remained buoyant, regional Manufacturing PMIs point to lost momentum. With headwinds to export-focussed industry mounting, there are tougher times ahead. 1st April 2022 · 3 mins read
Asia Chart Pack Omicron recedes, but other headwinds emerge Successful vaccination campaigns allowed governments to keep economies open during the recent Omicron waves, and our Mobility Trackers suggest that activity held up much better than we had originally... 29th March 2022 · 15 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 Rate hikes in Malaysia this year remain unlikely Bank Negara Malaysia (BNM) today left its main policy rate on hold and the dovish tone of its statement supports our non-consensus view that rates will remain on hold throughout 2022. We think the... 3rd March 2022 · 3 mins read
Asia Data Response Manufacturing PMIs, Korea Trade (Feb.) February Manufacturing PMIs and Korean trade data show that regional industry had another strong month. This should offset some of the Omicron-related weakness in service sectors this quarter. 1st 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 Weekly Oil prices and inflation, zero-COVID holdouts The main channel through which Asia will be affected by the crisis in Ukraine is higher oil prices. We are sticking with our non-consensus view that most countries in Asia will leave interest rates on... 25th February 2022 · 8 mins read
Asia Data Response Malaysia GDP (Q4) Malaysia’s economy rebounded strongly last quarter and, despite headwinds from Omicron, should continue to recover throughout 2022. 11th February 2022 · 3 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
