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 Economics Update Vietnam: protectionism key risk to growth outlook Data released over the weekend suggest that Vietnam grew strongly in the third quarter of the year, and we think it will remain one of the fastest growing economies in the region. The possibility that... 30th September 2019 · 3 mins read
Asia Economics Update Vietnam: surprise cut, but further easing unlikely Vietnam’s decision to cut interest rates today is something of a surprise given that growth appears to be holding up well at the moment. Given the decent outlook for the economy, we don’t think the... 13th 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 Vietnam GDP (Q2) Vietnam’s economy grew strongly in the second quarter of the year and the economy is likely to perform well over the coming year, helped by booming exports to the US. 28th June 2019 · 2 mins 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
Asia Chart Pack Who is winning the trade war? With the trade war between the US and China continuing to escalate, a clear winner is starting to emerge: Vietnam. Since around the middle of last year, Vietnam’s exports to the US have shot up by... 29th May 2019 · 1 min read
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 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 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
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
