UK Economics Rapid Response

UK Money & Lending (Dec. 2024)

December’s money and lending figures suggest the downbeat economic outlook isn’t weighing on households borrowing and spending decisions too heavily. This provides some encouragement that the economy...

30th January 2025 · 3 mins read

Europe Economics Update

Lower interest rates boosting euro-zone bank lending

Euro-zone money and lending growth data paint a rosier picture of the economy’s near-term prospects than the latest business surveys and suggest that the impact of ECB rate cuts is feeding through...

29th January 2025 · 3 mins read

Middle East & North Africa Economics Update

Egypt’s economy set for a strong rebound

Egypt’s economy has struggled over the past year due to the effects of a weak pound, high inflation, and tighter fiscal and monetary policy, but there have been signs recently that a recovery is...

22nd January 2025 · 2 mins read

China Rapid Response

Bank Lending & Broad Credit (Dec.)

Broad credit growth rebounded last month, but bank loan growth continued to hit record lows. We expect strong government bond issuance to continue supporting credit growth over the coming quarters...

14th January 2025 · 2 mins read

US Economics Update

Rise in corporate bankruptcies not a big concern

The rise in corporate bankruptcies last year is not a huge concern, but it does add to the sense that firms are struggling more than the headline GDP and labour market data suggest. That in turn...

7th January 2025 · 2 mins read

UK Economics Rapid Response

UK Money & Lending (Nov. 2024)

November’s money and lending data suggests that households’ caution with their borrowing and saving ahead of the Budget hasn’t gone away. As a result, today’s release adds further downside risk to our...

3rd January 2025 · 3 mins read

China Rapid Response

China Bank Lending & Broad Credit (Nov.)

China's November credit data show that monetary easing is still struggling to put a floor under borrowing. We doubt that the further rate cuts China’s leadership promised this week will do much to...

13th December 2024 · 2 mins read

Emerging Europe Economics Update

Russia: are financial stability risks starting to crystallise?

Risks to Russia’s macroeconomic stability are mounting on the back of the recent credit boom and sharp rise in interest rates. Our EM financial risk indicators show that Russia is now at high risk of...

12th December 2024 · 4 mins read

Global Economics Chart Pack

Global Economics Chart Pack (Dec. 2024)

The latest data have shown that China is benefitting from a pick-up in government spending, the US economy continues to grow at a decent pace, and other advanced economies had a soft start to Q4...

12th December 2024 · 1 min read

UK Economics Rapid Response

UK Money & Lending (Oct. 2024)

October’s money and lending figures suggest that Budget worries prompted households to become more cautious with their borrowing and saving. Moreover, November’s weak activity data suggest the tax...

29th November 2024 · 3 mins read

Middle East & North Africa Economics Update

Morocco’s economy to accelerate

Morocco’s weaker economic performance this year is likely to be a blip. Buoyed by low and stable inflation, looser monetary policy, and a burgeoning manufacturing sector, we expect Morocco’s economy...

21st November 2024 · 6 mins read

India Economics Update

Unsecured lending: boom to bust?

We argued 18 months ago that the sharp rise in unsecured lending left India’s financial sector at risk of rising defaults, and anecdotal evidence suggests that this risk is materialising. The chances...

13th November 2024 · 3 mins read

China Rapid Response

Bank Lending & Broad Credit (Oct.)

Both bank lending and broad credit growth hit fresh lows in October in a sign that monetary easing hasn’t done enough to drive a substantial turnaround in private credit demand. And after last week’s...

12th November 2024 · 2 mins read

Middle East & North Africa Economics Weekly

Trump and MENA: tariffs, dollar pegs, oil, and geopolitics

The Middle East and North Africa, for the most part, will be little affected by any direct effects of US President-elect Donald Trump’s proposals to raise tariffs. But, for those with dollar pegs...

7th November 2024 · 8 mins read

Middle East & North Africa Chart Pack

Middle East and North Africa Chart Pack (Oct. 2024)

Our latest Middle East and North Africa Chart Pack has been updated to reflect the latest data and developments in the region. Headline GDP growth in the Gulf economies will strengthen in 2025 as oil...

30th October 2024 · 1 min read