Global Economics Chart Pack

Global Economics Chart Pack (July 2024)

Our Global Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data point to some divergence in GDP growth in major economies in Q2. On the...

15th July 2024 · 0 mins read

Australia & New Zealand Chart Pack

Australia & New Zealand Chart Pack (Jul 2024)

The latest data indicate that capacity pressures have continued to ease, a trend that should continue over the coming quarters. However, it will be a while before policymakers can be confident that...

15th July 2024 · 1 min read

Africa Economics Weekly

Nigeria rate cuts, Kenya instability, Ghana inflation

Nigeria’s central bank governor this week hinted that rate cuts may soon be on the cards but there are still upside inflation risks on the horizon that could scupper those plans. Meanwhile, Kenyan...

12th July 2024 · 7 mins read

US Economics Weekly

Core inflation pressures rapidly easing

Chair Jerome Powell told Congress this week that the Fed is looking for “more good data” to strengthen its confidence that inflation will return to 2%. That is exactly what the June CPI and PPI...

12th July 2024 · 7 mins read

Global Economics Update

What explains the stickiness of services inflation?

Disinflation in the services sector seems to have stalled in several advanced economies this year. That’s partly because the easiest wins related to food and energy effects are behind us and also...

12th July 2024 · 4 mins read

Latin America Economics Weekly

Food inflation, US tariffs, Colombia’s public finance risks

The raft of June inflation data out this week was not as bad as the rise in the headline rates would suggest, as higher food inflation masked falls in in core inflation. Core inflation appears most...

12th July 2024 · 5 mins read

India Rapid Response

India Consumer Prices (Jun. 2024)

The surprise jump in headline consumer price inflation last month will be enough to convince any MPC members who may have been leaning toward rate cuts at the August policy meeting that conditions are...

12th July 2024 · 2 mins read

UK Economics Weekly

Spain versus England: An economics match-up

If the economic outlook translated to success on the football pitch, faster GDP growth and lower interest rates may mean Spain has the edge over England to win the men’s Euros on Sunday night. We're...

12th July 2024 · 8 mins read

US Rapid Response

Producer Prices (June)

Ignore the fact that core PPI increased by a slightly bigger-than-expected 0.4% m/m in June and that May was revised to a 0.3% rise from unchanged. The PPI components that feed into the Fed’s...

12th July 2024 · 2 mins read

Emerging Europe Economics Weekly

Hungary fiscal tightening, June inflation re-cap

Hungary’s fiscal tightening measures announced this week are a step in the right direction, but we are sceptical that the deficit will come down far enough to put the public debt ratio onto a...

12th July 2024 · 5 mins read

China Economics Weekly

PBOC narrows rate corridor, overcapacity worsens

The PBOC’s expanded open market operations effectively narrow the interest rate corridor for short-term interbank rates. This won’t have any immediate consequences for monetary conditions. But it does...

12th July 2024 · 6 mins read

India Economics Weekly

Budget and geopolitics in focus

The full Budget for FY24/25 - which will be unveiled on 23rd July - will provide an important indication of how much the BJP is willing to concede to its coalition partners. Meanwhile, developments...

12th July 2024 · 5 mins read

Europe Rapid Response

Sweden CPI (June)

The Riksbank’s target measure of inflation, CPIF, dropped to just 1.3% in June, almost half the level in May and the lowest level since the end of 2020. This was far below the consensus forecast of 1...

12th July 2024 · 2 mins read

Australia & New Zealand Economics Weekly

Despite some snags, inflation will cool in earnest

Administered price inflation is looking to be somewhat sticky in Australia, reflecting a combination of tax increases on select goods and elevated cost pressures across a range of public services. On...

12th July 2024 · 5 mins read

Japan Economics Weekly

Bank of Japan will hike rates to 0.5% by year-end

The persistent strength in producer prices of manufactured goods means that underlying inflation will probably settle around the Bank of Japan's 2% target over the second half of the year rather than...

12th July 2024 · 5 mins read