Global Economics Chart Pack

Global Economics Chart Pack (Feb. 2025)

The latest data suggest that, outside China, the world economy lost a bit of momentum heading into 2025. Around the turn of the year, manufacturing output kept treading water, retail sales weakened in...

20th February 2025 · 1 min read

Australia & New Zealand Rapid Response

Australia Labour Market (Jan. 2025)

20th February 2025 · 2 mins read

Australia & New Zealand Rapid Response

Australia Wage Price Index (Q4 2024)

19th February 2025 · 2 mins read

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

UK Economics Rapid Response

UK Labour Market (Dec. 2024)

While there was a small improvement in labour market activity in December and January, employment growth remains subdued as the prospect of higher business taxes and a higher minimum wage in April is...

18th February 2025 · 3 mins read

Europe Rapid Response

Euro-zone GDP (2nd est.) & Employment (Q4 2024)

The euro-zone economy performed a little better than previously though t in Q4, but growth was still extremely weak and the early signs are that it got off to a slow start to 2025. There is also...

14th February 2025 · 2 mins read

Europe Economics Update

Lack of labour casts shadow over Greek recovery

Prospects for Greece’s economy are brighter than for the core euro-zone economies over the next year or two, but a shortage of labour will keep growth lower than in fellow “peripheral” economies...

12th February 2025 · 4 mins read

RBNZ Watch

RBNZ Watch: RBNZ has several more cuts in the pipeline

The Reserve Bank of New Zealand will almost certainly cut rates by 50bp, to 3.75%, at its meeting on 19th February. Although the Bank is likely to revert to 25bp cuts thereafter, we think it has much...

12th February 2025 · 6 mins 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

US Economics Update

Labour market able to withstand D.C. shakeup

Due to the relatively small size of the federal workforce and the large number of exempt positions, the federal government hiring freeze should have only a modest impact on payroll employment. More...

11th February 2025 · 5 mins read

RBA Watch

RBA Watch: RBA will cut rates by only 75bp this cycle

We expect the Reserve Bank of Australia to cut rates by 25bp, to 4.10%, at its meeting on 18th February. Although the labour market remains resilient and there are tentative signs of a pickup in...

11th February 2025 · 8 mins read

Europe Chart Pack

Europe Chart Pack (Feb. 2025)

We expect the euro-zone economy to grow at only a sluggish pace this year, with southern economies outperforming the core. Germany’s election will lead to only a modest loosening of its restrictive...

10th February 2025 · 1 min read

US Economics Weekly

US Weekly: The art of the deal

While President Donald Trump’s U-turn on 25% tariffs for Canada and Mexico serves as a good reminder that he is always open to cutting a deal, be careful writing tariffs off altogether. China came...

7th February 2025 · 6 mins read

Canada Rapid Response

Canada Labour Force Survey (Jan. 2025)

A further strong rise in employment and tick down in the unemployment rate in January add to the sense the labour market is heating up, but earnings growth nevertheless eased back to 3.5%, from 4.0%...

7th February 2025 · 2 mins read

US Rapid Response

US Employment Report (Jan. 2025)

The softer 143,000 gain in payrolls in January is nothing to be concerned about following the upward revisions to payrolls in November and December, which left the three-month average gain at a near...

7th February 2025 · 3 mins read