Asia Economics Weekly Vietnam export boom continues, Thai deflation risks GDP growth in Vietnam held firm at 8.2% y/y in Q3, underpinned by resilient exports despite the 20% US tariffs introduced in August. The strength of the export sector likely reflects increased re... 10th October 2025 · 6 mins read
Asia Economics Weekly Korea defence spending boost, Thailand stimulus South Korea this week confirmed plans to lift defence spending by 8.2% in 2026, the sharpest rise in nearly 20 years, as US pressure pushes allies to shoulder more of their own security burden. Korea... 3rd October 2025 · 7 mins read
Asia Economics Focus Is the appreciation of the baht a threat to the Thai economy? Despite policymakers’ renewed concern over the Thai baht’s rise, there is little evidence that the appreciation of the currency is hurting the economy. We do not expect it to be a major drag on growth... 24th September 2025 · 8 mins read
Asia Economics Update Asia Manufacturing PMIs (August) The August PMI readings for most countries in Asia were subdued and we continue to expect manufacturing in the region to struggle in the near term. And with inflation set to remain contained, we think... 1st September 2025 · 3 mins read
Asia Economics Update More to strong Asian exports than tariff front-running Strong growth in exports from Asia in the first half of the year has fuelled talk that, with US tariffs now in place, shipments will fall sharply as tariff front-running ends. But we’re not convinced... 19th August 2025 · 6 mins read
Asia Rapid Response Thailand Q2 GDP (August 2025) Economic growth in Thailand slowed in the second quarter of the year, and we think the economy will struggle over the coming months as weaker exports, slower government spending and weak private... 18th August 2025 · 2 mins read
Asia Economics Weekly Asia Weekly: Malaysian growth to slow, Indonesia’s 2026 budget Malaysia’s economy grew by 4.4% y/y in Q2 as strong investment was offset by weak exports. Looking ahead, growth is likely to slow in the near term as planned fiscal tightening and subdued global... 15th August 2025 · 7 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (Aug. 2025) Our View: The Q2 GDP figures out so far point to robust growth across much of the emerging world, but we think growth will soften over the second half of the year. While growth across much of Asia... 14th August 2025 · 1 min read
Asia Economics Weekly Asia Weekly: Trump targets pharma, chips and India Malaysia and Taiwan are the two countries in Asia most exposed to Trump’s threatened 100% tariffs on semiconductors. However, exemptions for companies with production facilities in the US and limited... 8th August 2025 · 6 mins read
Asia Economics Update Asia Manufacturing PMIs (July) The July PMI readings for most countries in Asia were subdued and we continue to expect activity in Asia’s export-oriented manufacturing sectors to struggle in the coming months. And with inflation... 1st August 2025 · 2 mins read
Asia Economics Weekly Thai-Cambodia border clashes, more trade deals agreed Border clashes between Thailand and Cambodia have led to falls in Thai financial markets, but the broader economic fallout should be modest. Other risks, which include deflation, political uncertainty... 25th July 2025 · 9 mins read
Asia Rapid Response Thailand: new central bank appointment may raise concerns about central bank independence 22nd July 2025 · 2 mins read
Emerging Markets Economics Update EM disinflation has further to run Aggregate EM inflation is now at its lowest level in four years, with notable declines this year across Asia. We still think the outlook will be characterised by higher inflation in Latin America and... 10th July 2025 · 5 mins read
Asia Economics Update Thailand: fresh political turmoil to weigh on economy Thailand faces renewed political uncertainty after Prime Minister Paetongtarn Shinawatra was today suspended. This will undermine consumer and business sentiment and complicate efforts to agree a free... 1st July 2025 · 3 mins read
