Middle East & North Africa Chart Pack Egypt edges closer to IMF deal as shortages bite The Egyptian government has inched closer to an IMF financing package over the past month after securing a US$2bn deposit from Saudi Arabia. This makes up a third of the bilateral financing that the... 26th October 2016 · 1 min read
Emerging Markets Economics Chart Pack Commodity producers and China drive EM recovery EM GDP is currently growing at its fastest pace in 18 months, with the recovery being driven mainly bystronger growth in commodity producers as well as an upturn in China. According to our GDP tracker... 26th October 2016 · 1 min read
Europe Economics Update Spain’s new Government may be short-lived Even if Spain’s new minority Government gets support for its 2017 Budget, it will struggle to build the consensus needed to pass other measures. Accordingly, political uncertainty will continue to... 26th October 2016 · 1 min read
Africa Economics Update South Africa: Fiscal goals still too ambitious Finance Minister Pravin Gordhan’s budget plans rely on an economic acceleration that we believe is unlikely to materialise. If growth stays weak, South Africa will over-shoot its deficit and debt... 26th October 2016 · 1 min read
Africa Economics Update Mozambique: What to make of the latest debt revelations It seems likely that Mozambique will eventually reach a debt restructuring deal with its creditors. But the revelation of yet more hidden debt (or another currency fall) could result in a messier... 26th October 2016 · 1 min read
Latin America Economics Update First thoughts on Colombia’s tax reform Colombia’s much-anticipated tax reform bill is impressive and, if passed by Congress, would put the public finances on a more sustainable footing. However, it would create some near-term economic pain... 25th October 2016 · 1 min read
India Chart Pack Core price pressures remain elevated Much of the focus both before and after the RBI’s decision to cut the repo rate by 25bp (to 6.25%) in early October has been on the sharp fall in headline inflation over the past couple of months. But... 25th October 2016 · 1 min read
UK Economics Update Brexit Watch: Higher borrowing won’t deter the Chancellor This week’s economic data broke from the recent upbeat trend, with inflation jumping up and the latest public finances figures highlighting the challenge that the Chancellor faces in the Autumn... 21st October 2016 · 1 min read
UK Data Response Public Finances (Sep.) September’s public finances figures set the tone for a fairly disappointing set of fiscal forecasts likely to be revealed in the Autumn Statement next month. But this won’t prevent the Chancellor from... 21st October 2016 · 1 min read
Latin America Economics Update Argentina: is Macri already a busted flush? The Argentine government’s recent upward revision to its 2017 budget deficit forecast has added to concerns that President Macri’s reform agenda is already starting to slow after less than a year in... 19th October 2016 · 1 min read
Middle East & North Africa Economics Update Saudi Arabia to ease pace of austerity in 2017-18 Saudi Arabia’s upcoming international bond issuance and the recent OPEC agreement have put the spotlight back on to the country’s adjustment to low oil prices. One point that is often overlooked is... 18th October 2016 · 1 min read
Asia Economics Weekly Malaysia to signal continued commitment to fiscal discipline The Malaysian government is likely to prioritise maintaining fiscal discipline over supportingthe weak economy at its upcoming budget. 14th October 2016 · 1 min read
Global Economics Update Tide turning towards stimulus With central banks running out of firepower, public finances in a better state than they have been for a long time and sovereign bond yields exceptionally low, it is not surprising that some... 12th October 2016 · 1 min read
US Economics Weekly Election unlikely to cause major shift in fiscal policy At face value, there are substantial differences between the fiscal plans of the two presidential candidates. While Hillary Clinton’s policies would essentially maintain the status quo, Donald Trump’s... 7th October 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Sep.) There have been further signs of fiscal slippage in the peripheral economies this month. Germany is also planning a tax cut, but this does not mark a dramatic change in its fiscal stance. It intends... 7th October 2016 · 1 min read
Emerging Markets Economic Outlook Recovery to grind on Economies across the emerging world have strengthened so far this year and we expect further improvements in the months ahead. But growth is likely to peak in 2017 at rates far below the averages of... 6th October 2016 · 1 min read
