China Economics Update

Destocking could offer a short-run fix to property woes

Government purchases of unsold housing may help to stabilise China’s property sector in the near-term, alleviating a key economic headwind. But they won’t prevent the sector from shrinking...

16th May 2024 · 6 mins read

Event

LatAm Drop-In: Mexico’s next president – Economic risk and opportunity

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The winner of Mexico’s presidential election on 2nd June will have a busy in-tray, from taking advantage of the opportunities presented by near-shoring to the challenges posed

Australia & New Zealand Economics Update

Chalmers’ fight against inflation goes nowhere

Treasurer Jim Chalmers has sought to present the 2024/25 Budget as one that strikes a balance between providing support to an ailing economy and keeping pressure off inflation. In our view, that’s...

15th May 2024 · 3 mins read

Middle East & North Africa Economics Update

Kuwait: déjà vu or the start of something new?

The dissolution of Kuwait’s parliament for the fourth time in two years highlights political infighting that has held back the economy for years. While much remains uncertain, there is now a clear...

13th May 2024 · 3 mins read

Emerging Europe Economics Update

Turkey: fiscal tightening an important step forwards

The fiscal tightening steps announced by Turkey’s finance ministry today, which include a freeze on most public sector construction projects, will help to prevent the large budget deficit from...

13th May 2024 · 3 mins read

China Rapid Response

Bank Lending & Broad Credit (Apr.)

Broad credit growth slowed sharply to its weakest pace on record last month. This threatens to derail the ongoing economic recovery and is likely to trigger additional policy easing. Increased fiscal...

13th May 2024 · 3 mins read

Latin America Economics Weekly

Mexico’s Pemex problem, Copom’s politicisation

Comments from Mexican officials this week that the government could take some of Pemex’s debts onto its own balance sheet would ease the firm's default risks. But it would come at the expense of a...

10th May 2024 · 7 mins read

Europe Economics Weekly

ECB-Fed divergence; new CDU manifesto

The Riksbank joined the club of European central banks that cut rates ahead of the Fed this week. The ECB is almost certain to follow suit in June and we think it would take a very big hawkish shift...

10th May 2024 · 8 mins read

Australia & New Zealand Economics Weekly

RBA on an extended pause, budget in the spotlight

Although the RBA left rates unchanged at its meeting this week, Governor Bullock stated that the Board was prepared to raise rates if it had to. Against this backdrop, there have been concerns from...

10th May 2024 · 6 mins read

Latin America Economics Update

Mexico: fiscal concerns return to the spotlight

The Mexican government’s pre-election spending spree means that the next administration will have its work cut out to put the country’s public finances back onto a stable footing. Claudia Sheinbaum...

8th May 2024 · 4 mins read

Middle East & North Africa Economics Update

Saudi Arabia can stick with its loose fiscal stance (for now)

Saudi Arabia’s budget deficit widened further at the start of this year and, for now at least, the government seems comfortable with maintaining the loose fiscal stance and issuing more debt. If oil...

7th May 2024 · 4 mins read

Africa Economics Weekly

SA growth, Nigeria petrol subsidy, Kenya floods

South Africa’s manufacturing PMI for April released this week added to the evidence that growth will pick up over the coming quarters. But stronger growth is coming too late to help the ANC’s election...

3rd May 2024 · 5 mins read

China Chart Pack

China Chart Pack (Apr. 24)

China’s economy grew at a healthy pace in the first quarter of 2024. Our China Activity Proxy suggests this was on the back of strong external demand. While fiscal support should continue to keep the...

30th April 2024 · 0 mins read

Emerging Europe Economics Update

Poland: risk of fiscal complacency creeping in

The Polish government’s white paper on Monday set out a scathing review of the previous government’s fiscal record and highlighted the challenges facing the public finances, but if we’ve learned...

30th April 2024 · 4 mins read

China Rapid Response

China Politburo Meeting (Apr. 24)

China’s senior leadership has today signalled further fiscal and monetary support for the economy and renewed efforts to stabilise the housing market. That should help prolong the recent economic...

30th April 2024 · 3 mins read