Russia's full-scale invasion of Ukraine was not priced in by markets and has led to spiralling commodity prices, higher risk premia, and strong...
Sung Eun Jung
Recent Posts
APAC | ASEAN growth tracker shows growth bottoming out
Posted by Sung Eun Jung on Nov 18, 2021
Real GDP for ASEAN-6 economies1 grew 1.7% y/y in Q3, down from 9.3% in Q2, reflecting both a less favourable base effect and a drop in growth...
Singapore | Weaker demographics will slow long-term growth
Posted by Sung Eun Jung on Nov 1, 2021
We forecast a permanent hit to Singapore’s population after two consecutive years of contraction in which border closures restricted regular inflows...
Singapore | Resilient growth prompts an early start to tightening
Posted by Sung Eun Jung on Oct 15, 2021
In a surprise move, the Monetary Authority of Singapore today tightened monetary policy by slightly raising the slope of the Singapore Dollar Nominal...
Indonesia | Recovering demand to power credit growth in 2022
Posted by Sung Eun Jung on Sep 30, 2021
Private bank credit contracted 2.7% in 2020 in Indonesia and continued to decline on a year-on-year basis through most of H1 this year. The credit...
APAC | ASEAN growth tracker indicates weak start to Q3
Posted by Sung Eun Jung on Sep 6, 2021
Our ASEAN-6 growth tracker, which includes Indonesia, Malaysia, the Philippines, Thailand, Singapore, and Vietnam, points to a weak start to Q3....
Indonesia | Delayed fiscal consolidation unlikely to raise debt risks
Posted by Sung Eun Jung on Jul 6, 2021
Due to ongoing pandemic-related spending needs, we now expect Indonesia’s fiscal deficit will narrow to 3% of GDP only by 2024, a year later than we...
APAC | How external demand is boosting ASEAN-6 growth
Posted by Sung Eun Jung on Jun 2, 2021
World trade is staging an impressive recovery and so are ASEAN’s exports. We forecast exports will make a positive contribution to headline growth...
APAC | ASEAN tracker shows balanced risks for Q1 GDP
Posted by Sung Eun Jung on Apr 26, 2021
Tracker data suggests that growth across the ASEAN bloc improved to a 1.5% y/y contraction in February following a 2.9% decline in January. The...
Indonesia | Why the rupiah slide won’t turn into a freefall
Posted by Sung Eun Jung on Apr 20, 2021
Asian currencies have broadly struggled in recent months due to the strengthening of the US dollar on the back of favorable growth and rate...