Emerging Markets Economics Update Remittances to emerging markets to remain resilient Despite our forecast that global growth will continue to disappoint over the next couple of years, we expect remittances to most emerging markets will remain resilient. This will help drive growth in... 26th October 2012 · 1 min read
Emerging Europe Economics Update Inflation set to edge up There are tentative signs that the slowdown in Emerging Market (EM) inflation seen over the past year has bottomed out. We expect EM inflation to quicken over the next six months, mainly due to faster... 25th October 2012 · 1 min read
Asia Economics Update More rate cuts likely in the Philippines next year The central bank in the Philippines (BSP) cut its key policy rate by 25bp today, as expected. The benign outlook for inflation and worries over growth prospects were the main factors behind the... 25th October 2012 · 1 min read
Asia Economics Weekly Have Asia’s exports turned a corner? The September trade data reported so far in Asia were generally much better than the consensus had expected. Nonetheless, we think a sustained rebound in Asia’s exports is unlikely anytime soon. 22nd October 2012 · 1 min read
Asia Chart Pack Central banks step up policy loosening Over the past month, central banks in South Korea, Thailand, Australia and Pakistan have all cut their policy rates. The moves come in response to continued weakness in exports, which has caused GDP... 19th October 2012 · 1 min read
Emerging Markets Economics Chart Pack Growth subdued, but stabilising Emerging market GDP appears to have grown by around 4.5% y/y in Q3 – broadly the same rate as in Q2, but well down on the 8% y/y growth rates seen in 2010. At a regional level, Emerging Asia has... 18th October 2012 · 1 min read
Emerging Markets Economics Update Will higher food prices drive up EM inflation? Headline inflation is set to pick up across most of the emerging world over the next six months, in the wake of global food price increases earlier this year. However, the impact should be short-lived... 17th October 2012 · 1 min read
Asia Economics Update Thailand likely to loosen monetary policy again The Bank of Thailand (BoT) cut its repo rate by 25bp to 2.75% today. We think persistent global weakness will prompt the central bank to loosen its policy settings further. 17th October 2012 · 1 min read
Emerging Markets Economics Update How reliant are EM governments on high commodity prices? A sharp decline in commodity prices would cause the public finances to deteriorate in many emerging market countries, with the loss of revenues greatest in the Middle East and parts of Africa. However... 16th October 2012 · 1 min read
Asia Economics Update Indian inflation pushed up by diesel price hike The increase in India’s headline inflation rate, to 7.8% in September, reinforces our view that the central bank is unlikely to cut interest rates again this year. 15th October 2012 · 1 min read
Asia Economics Weekly Singapore to loosen monetary policy next year The Monetary Authority of Singapore (MAS) left its policy settings unchanged on Friday, as inflation fears outweighed concerns over growth. However, we think inflation worries will dissipate over the... 15th October 2012 · 1 min read
Asia Economics Update More policy stimulus on the way in Korea The Bank of Korea (BoK) cut its policy rate by 25bp to 2.75% today, as expected. Growth has slowed sharply and is unlikely to rebound strongly anytime soon. With inflation set to remain low, there is... 11th October 2012 · 1 min read
Emerging Markets Trade Monitor Emerging market exporters face more tough times ahead Emerging market exports have been hit by a broad slowdown in global demand this year, with the last few months proving especially weak. Given the bleak outlook for the global economy, a meaningful... 11th October 2012 · 1 min read
Asia Economics Update Will the reform boost for Indian markets last? The recent burst of reforms has buoyed India’s equity and currency markets, and some further measures are possible in the coming weeks. However, the country’s fundamental outlook has not improved... 11th October 2012 · 1 min read
Asia Economic Outlook Bumpy road ahead Although Asia will not be immune from the continuing crisis in the euro-zone and weak global demand, healthy fundamentals and plenty of scope for policy easing mean growth should hold up relatively... 10th October 2012 · 1 min read
Emerging Markets Economics Update Are emerging markets losing their competitive edge? Among the major emerging market (EM) regions, we estimate that Latin America has experienced the greatest loss of competitiveness over the past few years. In the medium term, weaker productivity... 10th October 2012 · 1 min read
