Australia & New Zealand Data Response Australia Labour Market (Dec.) The recent improvement in Australia’s labour market was maintained in December, which should go some way to relieving the current downward pressure on equity prices and the Australian dollar. 14th January 2016 · 1 min read
Europe Economic Outlook Growth to disappoint as consumer recovery slows While the euro-zone economy ended last year with some momentum, expectations of a further acceleration in growth in 2016 will be disappointed. The boost to consumer spending from the decline in oil... 13th January 2016 · 1 min read
Asia Economic Outlook China holds the key to regional recovery Turmoil in China’s financial markets has fuelled concerns that its real economy is also on the brink of a crisis, but we expect continued policy support to drive a recovery over the coming months... 13th January 2016 · 1 min read
Japan Data Response Economy Watchers Survey (Dec.) The pick-up in current conditions in today’s Economy Watchers Survey mostly reflects seasonal patterns. In fact, the survey still points to broadly stagnant industrial output. 12th January 2016 · 1 min read
Japan Data Response Consumer Confidence (Dec.) While the modest improvement in consumer confidence in December is welcome, policymakers at the Bank of Japan should be concerned about the continued decline in household inflation expectations. 12th January 2016 · 1 min read
Emerging Markets Economic Outlook Crisis or recovery: what next for emerging economies? Many parts of the emerging world are facing a tough year in 2016. But the outlook is not as uniformly bleak as many assume and some important emerging economies could spring positive surprises. 11th January 2016 · 1 min read
UK Economic Outlook A challenging year ahead 2016 won’t be an easy year for the UK economy, given the renewed fiscal squeeze and probable EU referendum in particular. Nonetheless, we expect it to weather these clouds relatively well and... 11th January 2016 · 1 min read
Canada Economics Weekly Is the Bank of Canada preparing another surprise rate cut? While the majority of investors expect another interest rate cut from the Bank of Canada by the middle of this year, most of them don’t realise just how weak the economy is right now and the urgency... 8th January 2016 · 1 min read
US Economics Weekly Is the US economy heading for a recession? The latest incoming monthly data suggest that fourth-quarter GDP growth slowed to between 1.0% and 1.5% annualised. Added to the widening in corporate credit spreads, the renewed weakness in stock... 8th January 2016 · 1 min read
Canada Data Response Labour Force Survey (Dec.) Employment rose by a stronger than expected 22,800 in December, but the breakdown continued to reveal disturbing trends in private sector and higher paid prime-age employment, which are more accurate... 8th January 2016 · 1 min read
US Data Response Employment Report (Dec.) The 292,000 surge in non-farm payroll employment, together with the 50,000 upward revision to the gains earlier months should put paid to any fears that, even if fourth-quarter GDP growth ends up... 8th January 2016 · 1 min read
Japan Economics Update Pick up in part-time earnings not enough Part-time earnings have picked up speed in recent months. But they are still rising at a slower rate than a few years ago and would have to pick up much further in order for the Bank of Japan to meet... 8th January 2016 · 1 min read
Japan Data Response Labour Cash Earnings (Nov.) The marked slowdown in the annual growth rate of labour cash earnings in November was mostly due to a plunge in volatile bonus payments, whereas regular pay expanded rather solidly. However, much... 8th January 2016 · 1 min read
Global Economics Chart Pack Renewed worries about China look overdone Concerns about China’s economic prospects have rattled investors in the past few days. However, we think China’s economy will pick up in the coming months. Overall, the latest economic data do not... 7th January 2016 · 1 min read
Europe Data Response Euro-zone EC Survey (Dec.), Unemp. & Retail Sales (Nov.) December’s EC Business and Consumer Survey added to evidence that euro-zone GDP growth accelerated in Q4, but the consumer recovery seems to be losing pace. 7th January 2016 · 1 min read
UK Economics Chart Pack Recovery loses its vigour in 2015 The National Accounts released at the end of last year suggested that the economic recovery has less momentum than previously thought and still looks very unbalanced. Real GDP in 2015 is now on course... 6th January 2016 · 1 min read
