Global Economics Chart Pack Global Economics Chart Pack (Feb. 2025) The latest data suggest that, outside China, the world economy lost a bit of momentum heading into 2025. Around the turn of the year, manufacturing output kept treading water, retail sales weakened in... 20th February 2025 · 1 min read
Capital Daily China’s renminbi dilemma We still think the PBOC will allow the renminbi to depreciate against the US dollar, perhaps quite significantly, by the end of the year. 20th February 2025 · 4 mins read
US Rapid Response US Fed FOMC Minutes (Jan 28th-29th) The minutes of the Fed’s late-January policy meeting underline that, having cut rates by a cumulative 100bp, officials are in no hurry to resume loosening monetary policy, even though most still... 19th February 2025 · 2 mins read
Asia Economics Focus Korea: 1% GDP growth to prompt further rate cuts We expect Korea’s economy to grow by just 1.0% this year, with the political crisis and the downturn in the property sector set to weigh heavily on demand. Our forecast is well below both the... 19th February 2025 · 11 mins read
UK Economics Rapid Response UK Consumer Prices (Jan. 2025) CPI inflation took another step up from 2.5% in December to 3.0% in January (consensus, BoE, CE 2.8%) and will probably rise to around 3.5% in the second half of this year. We doubt this will prevent... 19th February 2025 · 3 mins read
Australia & New Zealand Economics Update RBNZ to cut further than most expect Having handed down a third consecutive 50bp rate cut at its meeting today, the Reserve Bank of New Zealand is likely to slow the pace of easing going forward. That said, we still think there’s a... 19th February 2025 · 3 mins read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q4 2024) 19th February 2025 · 2 mins read
Africa Economics Update Nigeria: inflation revamp unlikely to change policy path Nigeria’s headline inflation rate came in at 24.5% y/y in January after the national statistics office made substantial methodological changes and, while we do not yet have the full information to... 18th February 2025 · 3 mins read
US Chart Pack US Chart Pack (Feb. 2025) The economy continues to do well with GDP growing strongly and employment growth solid. We are concerned, however, that the Trump administration’s policies will weigh on GDP growth over the course of... 18th February 2025 · 1 min read
Australia & New Zealand Economics Update RBA signals a slow pace of policy normalisation When the Reserve Bank of Australia handed down its inaugural 25bp cut today, it indicated that any further withdrawal of monetary restriction would be limited, given residual inflationary pressures... 18th February 2025 · 3 mins read
Australia & New Zealand Rapid Response Reserve Bank of Australia Meeting (Feb. 2025) 18th February 2025 · 2 mins read
Latin America Chart Pack Latin America Chart Pack (Feb. 2025) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Some major Latin American economies are among the most exposed to the steel and... 17th February 2025 · 1 min read
Emerging Markets Economics Update EM central banks outside of Asia increasingly cautious The outcomes of central bank meetings over the last few weeks underscore the point that Asia will lead the next phase of the EM monetary easing cycle this year, alongside Mexico. Meanwhile, there are... 17th February 2025 · 3 mins read
Canada Economics Weekly Canada Weekly: Tariff threats mount on multiple fronts Even if the 25% tariff on all goods scheduled for March 4th is postponed again, Canada is still set to face the same tariff on steel and aluminum exports to the US just weeks later. Added to that... 14th February 2025 · 6 mins read
