Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (June 2024)

Growth in the Gulf economies is likely to pick up in the coming quarters, particularly as oil output starts to rise from October. We think non-oil sectors will continue to grow strongly. But the...

25th June 2024 · 1 min read

Event

Drop-In: Global Economic Outlook – Recovery signs clouded by political uncertainty

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Are signs of recovery sustainable? Is inflation receding enough for more central banks to join the global easing cycle?

US Chart Pack

US Chart Pack (June 2024)

The recent encouraging inflation data reinforce our view that the Fed will cut interest rates in September. We remain confident that core inflation is heading back to the 2% target, which should allow...

24th June 2024 · 1 min read

Latin America Rapid Response

Mexico Bi-Weekly CPI (Jun. 2024)

The continued strength in core services inflation in Mexico in the first half of June, combined with the post-election slump in the peso and heightened political uncertainty, means that Banxico is...

24th June 2024 · 2 mins read

Global Economics Update

Where we stand after June monetary policy meetings

We held an online Drop-In session late last week to discuss the outlook for monetary policy following the June policy meetings of the Bank of England, US Federal Reserve and ECB. (See a recording here...

24th June 2024 · 5 mins read

Canada Economics Weekly

Bank leaves its options open

The Summary of Deliberations from the Bank of Canada’s June meeting reiterated that further interest rate cuts are likely but gave little away about how quickly the Bank will move. With another two...

21st June 2024 · 6 mins read

China Economics Weekly

PBOC: Don’t worry about the weakness of credit

Governor Pan Gongsheng’s comments about PBOC bond buying and about changes to the monetary policy framework caught the headlines this week. But it was what he said about weak credit growth that caught...

21st June 2024 · 6 mins read

Global Economics Update

PMIs show weaker activity but resilient price pressures

The latest flash PMIs suggest that GDP growth in most major advanced economies slowed at the end of Q2. But weaker services activity hasn’t translated to softer price pressures, meaning central banks...

21st June 2024 · 3 mins read

Latin America Economics Weekly

Argentina’s IMF review, cautious central banks

The eighth review of Argentina’s IMF programme published this week is a whole-hearted endorsement of President Milei’s economic record. That said, the Fund called on Argentine authorities to take...

21st June 2024 · 8 mins read

Asia Economics Weekly

Thai budget boost, Singapore’s cooling jobs market

Most countries in Asia are planning to tighten fiscal policy as they aim to put government finances on a more secure footing following the pandemic. One exception to this is Thailand, which this week...

21st June 2024 · 6 mins read

Emerging Europe Economics Weekly

CEE easing cycles shifting down a gear

The Hungarian central bank’s decision to opt for a smaller interest rate cut at its meeting this week fits into a broader theme that policymakers in parts of the EM world are moving towards a slower...

21st June 2024 · 8 mins read

India Economics Weekly

Bond index ambitions realised, Q3 Outlook

India's government will achieve a long-held policy objective next week when JPMorgan adds the country's local bonds to its largest EM sovereign bond index. While an important milestone, we expect the...

21st June 2024 · 3 mins read

Japan Economics Weekly

Concerns over weaker yen will prompt July rate hike

The Bank of Japan is concerned that the weak yen will result in a renewed acceleration in non-energy goods inflation and we think that the slide of the exchange rate to multi-decade lows this week...

21st June 2024 · 4 mins read

Australia & New Zealand Economics Weekly

Slowdown in activity not due to supply shortages

Some commentators have been arguing that the recent weakness in economic activity reflects a shortfall of supply rather than weaker demand. However, business surveys suggest that supply constraints...

21st June 2024 · 5 mins read

Europe Economics Update

Riksbank to leave rates and guidance unchanged

Having cut the policy rate by 25bp at its last meeting, we think the Riksbank will stick with its guidance that it will keep rates on hold next week. But with inflation likely to fall below 2% in the...

20th June 2024 · 5 mins read