China Economics Weekly Fiscal support on its way, IPO reform largely cosmetic Government bond issuance, a timely proxy for the fiscal stance, fell year-on-year last month. But all the signs are that this will be temporary, with borrowing likely to ramp up in the coming months... 3rd February 2023 · 6 mins read
Africa Economics Update Unpacking Nigeria’s economic challenges In the latest of our Election Watch series ahead of Nigeria’s polls, we dissect the near-term economic challenges facing the next administration. Boosting oil production, overhauling the foreign... 3rd February 2023 · 5 mins read
India Economics Update Finance Ministry strikes a delicate balance Finance Minister Nirmala Sitharaman appears to have successfully demonstrated her long-term commitment of reining in the fiscal deficit while still providing support to the economy in today’s FY23/24... 1st February 2023 · 3 mins read
India Economics Weekly What to expect from the Union Budget For watchers of India’s economy, next week is one of the most significant of the year as Finance Minister Nirmala Sitharaman delivers the Union Budget for FY23/24 on Wednesday. This is the last full... 27th January 2023 · 5 mins read
UK Data Response Public Finances (Dec.) December’s worse-than-expected public finances figures suggest the Chancellor will wait until closer to the next election before announcing any significant tax cuts and/or spending rises. 24th January 2023 · 4 mins read
Canada Chart Pack Surveys point to much slower employment growth The sharp fall in hiring intentions in the Bank of Canada’s Business Outlook Survey suggests that the 104,000 surge in employment in December is not a sign of things to come. The survey points to a... 23rd January 2023 · 8 mins read
Australia & New Zealand Economics Weekly Strong income growth in New Zealand won’t last The resignation of New Zealand’s Prime Minister opens the door for the opposition to return to power, who have signalled looser policy at a time when government spending is already around record highs... 20th January 2023 · 6 mins read
India Chart Pack Global fracturing: India tilts further away from China India has historically remained unaligned geopolitically but we made the case last year that, in a fracturing global economy, it was more likely to lean towards a US-led bloc and away from a China-led... 18th January 2023 · 9 mins read
US Economics Update Risk of debt ceiling crisis is rising Raising the federal debt ceiling later this year will require bipartisan compromise, most likely involving measures to reduce the budget deficit modestly. But a deal probably won’t be reached until... 17th January 2023 · 4 mins read
Africa Economics Weekly South Africa’s ruling party policies stuck in old ways At a key policy conference, South Africa’s ruling party officials offered little by way of new ideas to address the country’s mounting economic challenges. And some fresh proposals risk making matters... 13th January 2023 · 7 mins read
Middle East & North Africa Economics Weekly What do the latest falls in the EGP mean for Egypt? The Egyptian pound has pared its losses after sharp falls against the dollar on Wednesday in a sign that, just like 2016, the currency may have overshot. The central bank may sense an opportunity to... 12th January 2023 · 7 mins read
Africa Economics Update Runners and riders in Nigeria’s upcoming elections In the first instalment of our Election Watch series ahead of the late-February polls in Nigeria, we assess the economic policies proposed by key candidates. The elections offer a chance to depart... 12th January 2023 · 7 mins read
Europe Chart Pack Worst case scenarios avoided, but outlook still poor There has been a further slight improvement in prospects for the euro-zone in recent weeks. Business surveys suggest that activity is no longer contracting sharply, headline inflation seems to be past... 10th January 2023 · 11 mins read
UK Economics Update Shift to a bigger state won’t curtail GDP growth While the shift towards higher taxes and spending after the pandemic appears to be here to stay, there is little to suggest an expanded state would curtail GDP growth. But without supply-side reforms... 10th January 2023 · 5 mins read
Africa Economics Weekly What lies in store in 2023, Ghana’s latest debt-move The new year has started with economies in Sub-Saharan Africa bracing for disruptions due to the end of zero-COVID in China and a looming global recession. While these are likely to pass by mid-year... 6th January 2023 · 5 mins read
UK Economics Update Cooling wholesale gas price to aid the economy The recent plunge in wholesale gas prices means that utility prices for households may fall below the government’s price freeze in July. As a result, CPI inflation will be around 0.3 percentage points... 6th January 2023 · 6 mins read
