Asia Data Response Manufacturing PMIs (Nov.) PMIs for Emerging Asia (ex. China) were slightly more positive in November, suggesting that while industry remains weak it is starting to recover. The continued improvement in PMIs for China provides... 2nd December 2019 · 2 mins read
Asia Economics Update Is a crisis brewing in Taiwan? A sharp rise in the US dollar assets of Taiwanese life insurance companies poses a major threat to the health of the country’s financial sector and could also have consequences for the stability of... 25th November 2019 · 3 mins read
Asia Economics Update A slow recovery ahead GDP growth was either flat or picked up slightly in most parts of Emerging Asia last quarter, and we think regional growth will rise gradually over the coming year helped by a slow recovery in exports... 22nd November 2019 · 3 mins read
Asia Data Response Manufacturing PMIs (Oct.) PMIs for Emerging Asia (ex. China) softened slightly last month and continue to suggest that industry remains weak. The PMIs for China gave mixed signals, but on balance provide some hope for a pickup... 1st November 2019 · 2 mins read
Asia Data Response Taiwan GDP (Q3) Taiwan’s economy continued to perform strongly last quarter, thanks mainly to an acceleration in government spending and strong export growth. The outperformance of the economy is the main reason why... 31st October 2019 · 2 mins read
Asia Economics Update Taiwan will not join Asia’s rate cutting cycle Taiwan’s central bank (CBC) left its key policy rate unchanged today at 1.375%, and with growth picking up we doubt it will be in any rush to join the region’s rate cutting cycle. We expect interest... 19th September 2019 · 3 mins read
Asia Data Response Korea Trade, Manufacturing PMIs (Aug.) Weak trade data for Korea and the weakness of regional manufacturing PMIs in August suggest that economic conditions failed to improve in the middle of this quarter. While we suspect that regional GDP... 2nd September 2019 · 3 mins read
Asia Economics Weekly Korea budget boost, inflation remains low in August The announcement yesterday of plans for a large fiscal boost in Korea’s draft 2020 budget has led us to revise up our Korea growth forecast for next year to 2.5%, from 2.0% previously. That said, we... 30th August 2019 · 7 mins read
Asia Chart Pack Political risk back on the agenda Despite the poor global outlook, GDP growth across Emerging Asia actually picked up slightly in the second quarter, and our forecast is for a further gradual recovery over the remainder of the year... 26th August 2019 · 16 mins read
Asia Economics Weekly New currency forecasts, trade war escalates, rate cuts While we had been expecting an escalation in US-China trade tensions, China’s decision to allow the renminbi to weaken through 7.0/US$ in response to Trump’s latest tariffs means events are moving... 8th August 2019 · 5 mins read
Asia Data Response Manufacturing PMIs (Jul.) PMI readings for Emerging Asia were slightly more positive at the start of Q3, but the big picture is that they remain low by past standards and there are few signs of a meaningful turnaround yet. 1st August 2019 · 2 mins read
Asia Data Response Taiwan GDP (Q2) GDP growth in Taiwan rebounded strongly last quarter, thanks mainly to a surprise acceleration in export growth. But with headwinds to the economy mounting, we don’t expect the recovery to last. 31st July 2019 · 2 mins read
Asia Economics Update Interest rates in Taiwan to be left on hold Taiwan’s central bank (CBC) left interest rates unchanged today at 1.375%, and is likely to be in little rush to cut interest rates despite the poor outlook for growth. We expect interest rates to be... 20th June 2019 · 1 min read
Asia Economics Update What would US rate cuts mean for Asia? Expectations that the US will soon start to cut interest rates have provided a boost to Asian currencies in recent weeks. But if we are right that slowing growth in the US and the escalating trade war... 18th June 2019 · 1 min read
Asia Economics Focus Weaker growth is here to stay With productivity slowing and working age populations set to start falling across most of Asia, we expect regional growth to slow to just 3.5% in a decade’s time. This compares with average growth of... 12th June 2019 · 1 min read
Asia Economics Weekly Philippines inflation, Asia’s “currency manipulators” Signs that Philippines inflation continued to tumble in May suggest that the easing cycle there has further to run. Meanwhile, easing is also likely in Malaysia, Korea and Singapore in the second half... 31st May 2019 · 1 min read
