US Chart Pack

US Chart Pack (Feb. 2025)

The economy continues to do well with GDP growing strongly and employment growth solid. We are concerned, however, that the Trump administration’s policies will weigh on GDP growth over the course of...

18th February 2025 · 1 min read

Europe Economics Update

Key questions on Europe’s defence spending

European governments are poised to further scale up their plans for defence spending in the coming years which should benefit the equity prices of European defence companies, but the boost to GDP is...

17th February 2025 · 5 mins read

Africa Economics Weekly

Africa Weekly: SA Budget 2025, Trump Protectionism

In South Africa, next week will see the Treasury present its budget for 2025, an event in which we think the government will struggle to balance the trade-offs of recommitting to fiscal tightening...

14th February 2025 · 7 mins read

Australia & New Zealand Economics Weekly

ANZ Weekly: NZ mulls tax cuts, Australia could gain from trade war

Speculation has been growing that the New Zealand government will slash the corporate income tax rate in the upcoming May budget. Given that New Zealand’s corporate tax rate is higher than in most...

14th February 2025 · 6 mins read

Europe Economics Update

Implications of an earlier Ukraine peace deal for Europe

President Trump’s push for an early peace agreement in Ukraine raises the prospect of higher defence spending in Europe and increases the chance of a fall in European natural gas prices. But it does...

13th February 2025 · 3 mins read

Africa Chart Pack

Africa Chart Pack (Feb. 2025)

Falling inflation and looser monetary policy will help GDP growth to accelerate across Sub-Saharan Africa this year. A shift towards trade protectionism in the US will hurt certain sectors in some...

13th February 2025 · 0 mins read

Middle East & North Africa Chart Pack

Middle East & North Africa Chart Pack (Feb. '25)

Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. GDP growth in the Middle East and North Africa will accelerate in 2025 on the...

12th February 2025 · 1 min read

Japan Chart Pack

Japan Chart Pack (Feb. 2025)

With real household incomes rising the most in years and the savings rate rather high, the rebound in consumer spending will continue in 2025. And with the yen set to remain weak for longer and this...

12th February 2025 · 1 min read

Europe Economics Update

German election: return of the GroKo?

The latest opinion polls suggest that a CDU-SPD coalition is the most likely outcome of the German election. Such a coalition would be less likely to pursue labour market reforms and activist...

11th February 2025 · 3 mins read

Africa Economics Weekly

Africa Weekly: SA SONA: Growth, fiscal discipline and Trump

President Ramaphosa used his State of the Nation Address (SONA) to recommit to fiscal discipline and investment-led growth, but the government will struggle to balance the two objectives. And we doubt...

7th February 2025 · 5 mins read

India Economics Weekly

India Weekly: Budget, RBI, Delhi election, Modi-Trump meeting

A busy week for domestic policymaking began with the Finance Ministry showing fiscal restraint in the FY25/26 Union Budget and concluded with the RBI kicking off its easing cycle, with an election in...

7th February 2025 · 4 mins read

UK Economics Chart Pack

UK Economics Chart Pack (Feb. 2025)

Despite the recent weak news on activity and the uncertainty around the global outlook due to Trump’s US import tariffs, the stronger news on domestic price pressures means the Bank of England will...

5th February 2025 · 1 min read

Europe Economics Focus

German economy post-election: from bad to not much better

We expect Germany’s next government to reform the national fiscal rule to allow some tax cuts and increased public investment. But it is likely to make slow progress on structural reforms such as...

4th February 2025 · 22 mins read

Canada Economics Weekly

Canada Weekly: Tariff threat puts policymakers in a bind

Despite the best efforts of the Canadian government to convince US officials that the border is secure, President Trump reiterated on Thursday that his administration will impose a 25% tariff on...

31st January 2025 · 6 mins read

Emerging Europe Chart Pack

Emerging Europe Chart Pack (Jan. 2025)

Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. Economies in Eastern Europe picked up a bit of momentum at the end of 2024, but we don’t...

31st January 2025 · 1 min read