Asia Economics Weekly Korea: a weak start to the second quarter In response to the stronger-than-expected first quarter GDP figures, Bank of Korea Governor Rhee this week hinted that the central bank would revise up its GDP growth forecast (from 2.1%) for this... 3rd May 2024 · 8 mins read
Emerging Europe Rapid Response Turkey Consumer Prices (Apr.) The slightly smaller-than-expected rise in Turkish inflation in April to 69.8% y/y (consensus 70.3%) offers encouraging signs that price pressures have softened again. The 3.2% m/m increase was... 3rd May 2024 · 2 mins read
Global Economics Update PMIs show recovery in global industry still an EM story The latest manufacturing PMIs suggest that global industry continued to recover at the start of Q2, but that this was entirely due to higher output in emerging markets, while activity remained much... 2nd May 2024 · 2 mins read
Emerging Markets Economics Update EM manufacturing still going strong The EM manufacturing PMI for April showed that industry continued its strong start to the year through to the beginning of Q2. At a regional level, the narrative was largely unchanged: India remains... 2nd May 2024 · 2 mins read
Middle East & North Africa Economics Weekly Saudi-US relations, NEOM financing, Morocco and the IMF Reports suggest that Saudi Arabia and the US are close to reaching a new security pact which, if confirmed, could swing the Kingdom back towards the US's orbit. Meanwhile, Saudi’s flagship gigaproject... 2nd May 2024 · 7 mins read
Emerging Europe Rapid Response Czech Interest Rate Announcement (May) The communications accompanying the decision by the Czech National Bank to cut its policy rate by 50bp again today (to 5.25%) were slightly more hawkish than expected, but we still think that a... 2nd May 2024 · 2 mins read
Asia Economics Update Korea: inflation to return to target by mid-year Korea is one of the few countries in the region where inflation is still above target. However, with economic growth set to slow and the government stepping up efforts to bring food prices down, we... 2nd May 2024 · 2 mins read
Africa Data Response South Africa Manufacturing PMI (Apr.) South Africa’s manufacturing PMI jumped in April, adding to signs the economy is finally moving on from stagnation as the electricity situation improves. And with price pressures still elevated, the... 2nd May 2024 · 2 mins read
Emerging Europe Rapid Response Manufacturing PMIs (Apr.) The weak set of manufacturing PMIs out of Central and Eastern Europe for April suggest that industrial sectors remained a drag on the regional recovery at the start of Q2. In Turkey and Russia, the... 2nd May 2024 · 2 mins read
China Economics Update Will China devalue the renminbi? Chinese policymakers won’t risk reliving the turmoil of 2015 by engineering a sudden devaluation of the renminbi. They may allow the currency to weaken gradually over the coming years to help industry... 1st May 2024 · 4 mins read
Middle East & North Africa Rapid Response Saudi Arabia GDP (Q1 2024, Flash Estimate) Saudi Arabia’s flash estimate of GDP showed that the economy exited recession in Q1 and we expect the recovery to continue over the course of the year – and be a bit stronger than most currently... 1st May 2024 · 2 mins read
Event Drop-In: Global Inflation Watch – Bumpy ride back to target 1715176800 Is progress stalling on efforts to get inflation under control? Why are price pressures proving more stubborn than expected?
Emerging Markets Financial Risk Monitor EM Financial Risk Monitor (Apr. 2024) Higher US bond yields and a stronger dollar have put some EM currencies under pressure this year, but external vulnerabilities have eased in most EMs which should limit adverse spillovers. Indeed, our... 30th April 2024 · 1 min read
Asia Chart Pack Emerging Asia Chart Pack (April 2024) Our Emerging Asia Chart Pack has been updated with the latest data and our analysis of recent developments. Lingering inflation concerns and renewed uncertainty in global financial markets has... 30th April 2024 · 0 mins read
China Chart Pack China Chart Pack (Apr. 24) China’s economy grew at a healthy pace in the first quarter of 2024. Our China Activity Proxy suggests this was on the back of strong external demand. While fiscal support should continue to keep the... 30th April 2024 · 0 mins read
