Middle East & North Africa Economics Update

Answering your questions on Saudi Arabia’s Vision 2030

We held an online Drop-In session last week to discuss progress on Saudi Arabia’s Vision 2030 reform programme and the implications for the Kingdom’s economic outlook. (An on-demand recording is...

15th October 2024 · 6 mins read

Commodities Update

China’s fiscal vagueness sinks commodity prices

The pledge at this weekend’s press conference to increase fiscal expenditure could support China’s commodity demand over the first half of 2025. But at this stage, none of the fiscal or monetary...

14th October 2024 · 3 mins read

Commodities Update

It is when, not if, Saudi Arabia opens the oil taps

Although the focus in the oil market has shifted to geopolitical risks and potential short-term supply disruptions, just as importantly, we think the possibility that Saudi Arabia could open the...

14th October 2024 · 3 mins read

Commodities Weekly

All eyes on China again; Hurricane Milton fallout

While fiscal stimulus could provide some short-term support to metals prices, the key issue is that China's troubles are structural. So, China's metals demand probably won't be in a much healthier...

11th October 2024 · 4 mins read

Commodities Update

Taking stock of the two-speed electric vehicle rollout

While electric vehicle (EV) rollouts in Europe and the US have stalled and are set to remain sluggish over the next few years, the uptake of EVs in China has surged beyond expectations. So, for all...

9th October 2024 · 4 mins read

Middle East & North Africa Economics Update

Saudi Arabia tees up fiscal consolidation for 2025

Saudi Arabia’s 2025 Pre-Budget statement provided the first clear signs that officials are accepting that they need to pare back on some of their ambitious spending goals, which supports our view that...

8th October 2024 · 3 mins read

Emerging Europe Economics Weekly

Israel’s economy under pressure amid latest escalation

Israel’s economy has frequently bounced back from conflict throughout its history, but developments over the past week have raised the risk of permanent scarring to the economy from the ongoing...

4th October 2024 · 8 mins read

Africa Economics Weekly

Mozambique’s election, SA surveys, Ghana debt deal

Mozambicans head to the polls on Wednesday with the ruling Fremilo party widely expected to hold on to power. The elections come amid growing signals that key gas projects, which are vital to the...

4th October 2024 · 5 mins read

Commodities Weekly

Risks to oil supply take centre stage

With all eyes on the extent and focus of Israel’s retaliation against Iran, the risk premium is going to dominate near-term proceedings in the oil market; depending on how things pan out, prices could...

4th October 2024 · 4 mins read

India Economics Weekly

Oil and current account risks, RBI preview

If oil prices were to spike considerably higher as a result of the escalating conflict in the Middle East it would expose an age-old vulnerability in India's external position. But we think the risks...

4th October 2024 · 3 mins read

Commodities Chart Pack

Commodities Chart Pack (Oct. 2024)

It’s too soon to say whether the Iranian missile strikes on Israel are the start of a conflict that will eventually result in oil supply being affected or if oil prices will drop back as the...

3rd October 2024 · 1 min read

Latin America Economics Update

Assessing the impact of the drought in Brazil

Drought conditions across parts of Brazil are not yet at the stage where there is a threat of major disruptions to electricity supply, but it has already prompted electricity prices to be hiked and...

3rd October 2024 · 5 mins read

Middle East & North Africa Economics Weekly

War escalates; all eyes on Israel

Global headlines this week have been dominated by the escalating conflict in the Middle East and attention is now focussed on Israel and the scale and nature of its response to Iran’s retaliatory...

3rd October 2024 · 8 mins read

Emerging Markets Economics Focus

EMs, fracturing and the scramble for raw materials

Access to commodities – particularly critical minerals – is a growing area of competition between China and the West. And those EMs with deposits of the minerals used in new and low-carbon...

3rd October 2024 · 13 mins read

China Economics Update

China stimulus: your questions answered

China’s recent stimulus announcements are still at the top of many investors’ minds, at least judging by the high level of client interest in the online briefing we ran on the topic yesterday. We’ve...

3rd October 2024 · 8 mins read