Africa Economics Update Nigeria: Fuel crisis another blow to struggling economy Government efforts to end Nigeria’s fuel shortage offer a temporary reprieve rather than a lasting solution. Without structural reforms, the economy will continue to be battered by recurrent crises. 6th April 2016 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Mar.) The latest fiscal data for central governments show that Greece made a notably strong start to 2016 while the performance over the periphery as a whole was mixed . Meanwhile, the first releases of... 5th April 2016 · 1 min read
Emerging Europe Economics Update Next Turkish central bank governor faces unenviable job Uncertainty regarding who will take over at the helm of the Turkish central bank when the current governor’s term expires this month has raised concerns that a government loyalist could be put in... 5th April 2016 · 1 min read
Latin America Economics Update Mexico: 2017 budget cuts to keep fiscal deficit in check The Mexican government announced over the weekend preliminary plans to make additional cuts to government spending next year. This will keep the budget deficit in check against a backdrop of much... 4th April 2016 · 1 min read
Europe Economics Update Greece/IMF spat underlines fragility of bailout The public spat between Greece and the IMF underlines the fragility of the country’s latest bailout deal and demonstrates that its long-term future inside the currency union is still far from assured... 4th April 2016 · 1 min read
Middle East & North Africa Economics Update Saudi Prince’s comments don’t indicate major change Comments today by Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman in an interview with Bloomberg confirm our view that Saudi policymakers are comfortable with a period of low oil prices. What’s... 1st April 2016 · 1 min read
Emerging Europe Economics Update Romanian MPC hints at rate hikes, Czech MPC stays dovish The Romanian MPC’s press conference this afternoon reinforced our view that concerns about loose fiscal policy will prompt a move towards tighter monetary conditions. This might happen as soon as the... 31st March 2016 · 1 min read
Europe Economics Update Will financial stability concerns prevent Norges Bank rate cuts? The Norges Bank has clearly become more concerned about threats to financial stability, but we do not think that this will prevent it from cutting the policy rate to zero by the end of the year. 30th March 2016 · 1 min read
UK Economics Update FPC “action” won’t derail the economic recovery The relatively timid measures announced by the Bank of England’s Financial Policy Committee (FPC) today underlined that it is set to tread cautiously when implementing macroprudential policy... 29th March 2016 · 1 min read
UK Economics Chart Pack Consumer recovery still going strong The consumer recovery is still going strong, with household spending the driving force of the overall economic recovery. Although the retail sales figures have been a bit volatile recently, the... 24th March 2016 · 1 min read
Canada Economics Weekly Liberal’s infrastructure spending won’t boost economy The Liberal government’s budget plan to lift the economy over the next two years with close to C$12bn in infrastructure funding will be a tall task, one that we would not count on to produce much... 24th March 2016 · 1 min read
Frontier Markets Wrap Frontier financial markets recover some ground A combination of improving investor sentiment and a pick-up in global commodity prices has underpinned a recovery in frontier financial markets in recent weeks. Since reaching a two-year low in early... 24th March 2016 · 1 min read
UK Economics Update What hasn’t Mr Osborne ruled out cutting? By promising no further welfare cuts, the Government has ruled out yet another way of raising some money should it need to. This suggests that the Conservatives will struggle to meet their strict... 23rd March 2016 · 1 min read
Europe Economics Focus Is the euro-zone almost free from austerity? The shift away from growth-sapping austerity in the euro-zone is encouraging. But while fiscal policy may no longer be a drag on economic growth, the planned loosening is unlikely to provide a... 23rd March 2016 · 1 min read
Asia Economics Update Fiscal policy to take lead over monetary policy in supporting growth The Bank of Thailand (BoT) unsurprisingly kept its policy rate unchanged at 1.50% today. With the government stepping up efforts to support growth, we expect rates to be left on hold throughout 2016. 23rd March 2016 · 1 min read
Canada Economics Update Federal stimulus budget won’t boost economy The 2016 Federal budget delivered today provides only a modest fiscal stimulus response to the flagging economy. Despite the more dismal GDP growth outlook this year, policymakers weren’t comfortable... 22nd March 2016 · 1 min read
