Latin America Economics Update Are Latin American policymakers doing enough? Policymakers in Peru and Chile have been quick to introduce economic policy and containment measures in response to the coronavirus, but peers elsewhere – particularly in Brazil and Mexico – have made... 31st March 2020 · 4 mins read
UK Economics Update Explosion in gov’t borrowing won’t push up gilt yields We doubt that the coming explosion in government borrowing or the accompanying rise in government debt will push up gilt yields. Low growth, low inflation, and low interest rates mean that they gilt... 31st March 2020 · 3 mins read
Australia & New Zealand Economics Update Australia: Wage subsidy won’t prevent surge in unemployment The government assumes that around a quarter of all employees will benefit from the huge wage subsidy unveiled today. Indeed, we now expect the unemployment rate to peak at 12% instead of our previous... 30th March 2020 · 3 mins read
Asia Economics Update Singapore: MAS reaching limits of monetary policy The Monetary Authority of Singapore (MAS) loosened policy today by reducing the slope of its policy band, and even though the outlook for growth and inflation is very downbeat, we don’t expect further... 30th March 2020 · 3 mins read
UK Economics Weekly Policymakers do their utmost, but some damage already done The UK Chancellor’s support for self-employed workers takes the total size of the government’s package of direct tax and spending measures to £119bn (5.3% of GDP). Even so, this unparalleled policy... 27th March 2020 · 4 mins read
India Economics Weekly Finance Ministry will need to do more The Finance Ministry took its first shot at responding to the coronavirus outbreak yesterday but, at only 0.7% of GDP, the fiscal stimulus measures are small. Much more will be needed to prevent a... 27th March 2020 · 4 mins read
China Chart Pack Labour market conditions continue to worsen Activity across both industry and services is recovering as measures to contain the coronavirus have been eased. But the recovery is likely to run into the constraint of weak demand before long. The... 27th March 2020 · 11 mins read
Capital Daily Easing funding strains are a sign of progress The renewed weakening of the US dollar over recent days suggests that policymakers’ efforts to ease strains in short-term funding markets are having an effect. 26th March 2020 · 6 mins read
Emerging Europe Economics Update Czech MPC to step up its policy support The Czech central bank followed up last week’s emergency interest rate cut with further easing today and opened the door to use other measures to support the economy and stabilise the financial system... 26th March 2020 · 3 mins read
Monetary and fiscal policymakers still have work to do The Bank of Canada announced further credit easing measures this week and the government’s will expand its fiscal package to $109 bn, from $82 bn, but there are still widespread signs of stress in... 26th March 2020 · 4 mins read
Asia Economics Update Singapore: massive fiscal stimulus won’t prevent slump Today’s massive fiscal stimulus package won’t prevent Singapore from falling into a deep recession in the first half of the year, but it should ensure that the economy is well-placed to bounce back... 26th March 2020 · 3 mins read
Europe Economics Update Joint fiscal support would aid EZ economic recovery Euro-zone policymakers’ plan to offer precautionary credit lines to some governments is a step in the right direction, but it is too small and not the best tool for the job. It stops well short of... 26th March 2020 · 5 mins read
Asia Chart Pack Policy support being stepped up With economic growth across the region collapsing, policy support is being ramped up aggressively. Having slashed interest rates over the past couple of weeks, central banks have begun to unveil a... 26th March 2020 · 9 mins read
Global Economics Update The cost of the fiscal stimulus In this Update, we answer some key questions about the fiscal stimulus underway in advanced economies. In short, government deficits are set to soar, probably rising by more than after the financial... 26th March 2020 · 6 mins read
US Housing Market Update Fiscal package will prevent record high delinquencies A surge in the unemployment rate to 12% in the second quarter will put upward pressure on the mortgage delinquency rate, but an additional $600 week in unemployment insurance should keep the rate... 25th March 2020 · 3 mins read
