India Economics Update Central government fiscal deficit target under pressure The rapid expansion of the central government’s deficit in the early part of this fiscal year is a common occurrence, as revenues tend to get ramped up in the latter months. Even so, there are a... 11th August 2017 · 1 min read
Asia Economics Weekly Korea: Plans to reduce inequality may cause growth to slow Since becoming president of South Korea in May, Moon Jae-in has introduced a range of measures aimed at reducing inequality and cutting youth unemployment. Moon’s policies are likely to boost growth... 4th August 2017 · 1 min read
UK Economics Chart Pack Economy makes a reasonable start to Q3 After a fairly meagre 0.3% expansion in Q2, the economy looks to have made a reasonable start to Q3. Indeed, rises in both the manufacturing and services sector PMIs in July left the all-sector PMI... 3rd August 2017 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jul.) The euro-zone’s efforts to put its public finances in order continued in Q1, with the region’s budget deficit shrinking to its lowest level since mid-2007. And timelier central government fiscal data... 1st August 2017 · 1 min read
Australia & New Zealand Chart Pack Jobs growth switches from soft to soaring After a soft patch at the beginning of this year, jobs growth has soared in Australia in recent months. What’s more, of the net new 154,000 jobs that have been created since March all of them have... 31st July 2017 · 1 min read
Japan Economics Weekly Could Abenomics survive the departure of PM Abe? Abenomics appeared to run out of momentum well before a recent slump in Prime Minister Abe’s popularity put his political future in doubt. In particular, his departure would matter little for... 28th July 2017 · 1 min read
Emerging Europe Economics Update Turkey’s widening budget deficit: red flag or red herring? The recent loosening of fiscal policy in Turkey seems, in part, to be a justified response to the economic slump following last year’s coup attempt. But any sign that it represents the start of a more... 26th July 2017 · 1 min read
Emerging Markets Economics Chart Pack EM consumers bouncing back EM retail sales growth picked up for a third consecutive month in May and is now running at a 12-month high. What’s more, the improvement has been widespread across different EM regions. In Russia and... 24th July 2017 · 1 min read
UK Data Response Public Finances (Jun.) June’s figures suggest that the public sector finances have started to deteriorate a little. This could limit the scope for an easing in austerity and mean that fiscal policy will still provide a... 21st July 2017 · 1 min read
Japan Economics Weekly The fiscal stimulus that wasn’t A year has passed since Japan’s government announced a huge fiscal stimulus. We argued at the time that the announcement would be followed by only a negligible increase in public spending. In fact... 21st July 2017 · 1 min read
US Economics Update What does the health care debacle mean for tax reform? The apparent failure of the Senate Republicans to agree on a health care bill to replace Obamacare does not mean that President Donald Trump’s plans for a fiscal stimulus are dead and buried. 20th July 2017 · 1 min read
India Chart Pack BJP laying the groundwork for 2019 The result of India’s presidential election is due to be announced later today. It won’t have direct implications for the economy since the role of president is largely ceremonial. But the result... 20th July 2017 · 1 min read
Global Economic Outlook Strong growth, weak inflation We expect the current period of strong economic growth in advanced economies to continue for the next year or two, led by rising household consumption and business investment. In many countries the... 19th July 2017 · 1 min read
Global Economics Update Trump stimulus in jeopardy, but global fiscal policy being eased In our last Global Policy Watch, published in April, we argued that aggregate fiscal policy in advanced economies was likely to be loosened slightly in the coming year or two. Since then, the chances... 18th July 2017 · 1 min read
Emerging Europe Economics Update Romania: New fiscal measures don’t go far enough The change of Romania’s government late last month has prompted a shift in the direction of fiscal policy from loosening to tightening. But the new administration has struggled to put together a... 14th July 2017 · 1 min read
Europe Economics Weekly Fiscal shackles loosen but little stimulus in sight Euro-zone member states appear to have put their public finances largely in order now, with the European Commission deeming this week that even Greece has made sufficient progress to become compliant... 14th July 2017 · 1 min read
