Report14 September 2017Updated one year ago

Where are Asean economies headed?

What's happening in China, Malaysia, Thailand and Singapore? Our economists bring your their latest forecasts 

Executive summary

In a nutshell:

  • Thailand: Overvalued THB squeezing export growth and inflation making it the most likely candidate to cut rates after Indonesia.
  • Malaysia: Strong growth and reasonable inflation means rates should rise, but upcoming election clouds timing.
  • Philippines: External balance weakened by fiscal policy, inflation threatened by soft PHP and rate hikes possible.
  • Singapore: Hangover of property weakness still weighing on inflation but economy bottoming.
  • Indonesia: Stable IDR and softening inflation allowing for BI to cut rates opportunistically to support growth.