Europe Economics Update EZ bank lending in decent shape before US tariff shock The ECB’s Bank Lending Survey paints a positive picture of the housing market. Conditions for consumer credit and corporate loans were less encouraging, and the tariff chaos of the past two weeks... 15th April 2025 · 2 mins read
Japan Chart Pack Japan Chart Pack (Apr. 25) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. Japan's economy will be hit less hard than many other large economies by the recent escalation of... 15th April 2025 · 1 min read
China Rapid Response China Bank Lending & Broad Credit (Mar. 2025) Bank loan growth accelerated for the first time in over two years last month, helping to take broad credit growth to a 10-month high. While some further gains are likely, we still expect a more modest... 14th April 2025 · 2 mins read
Latin America Economics Update Brazil: banking sector risks back in the spotlight The troubles at Brazilian bank Banco Master that have grabbed the headlines recently seem to be contained and, by most measures, the banking sector as a whole appears to be in good shape. But there... 10th April 2025 · 4 mins read
UK Economics Rapid Response UK Money & Lending (Feb. 2025) February’s money and lending figures provide some green shoots of households starting to save less and spend a little more freely. But one month doesn’t make a trend and GDP growth will probably... 31st March 2025 · 3 mins read
China Chart Pack China Chart Pack (Mar. 25) Mounting US tariffs will add to a broader slowdown in exports this year. Domestic headwinds are also set to persist. A significant loosening of fiscal policy will help support the economy, but we don... 28th March 2025 · 0 mins read
Europe Economics Update Euro-zone money and lending growth continues to rise Data released this morning showed that euro-zone money and lending growth continued to accelerate in February, supporting the case of those at the ECB who would prefer to pause interest rate cuts in... 27th March 2025 · 2 mins read
Japan Economic Outlook Japan Outlook: Tightening cycle has much further to run While trade tensions create downside risks, we expect GDP growth to be around trend this year. And following another strong showing in this year’s spring wage negotiations, wage growth will remain... 17th March 2025 · 18 mins read
China Rapid Response China Bank Lending & Broad Credit (Feb.) While bank loan growth continued to slow to record lows in February, that was more than offset by stronger growth in non-bank credit. Strong government bond issuance should continue to provide a prop... 14th March 2025 · 2 mins read
China Economics Focus China's economic roadmap for 2025 The GDP target announced for 2025 suggests that policymakers are hoping to achieve steady growth this year, but we don’t think that the policy agenda set out today at the National People’s Congress... 5th March 2025 · 28 mins read
UK Economics Rapid Response UK Money & Lending (Jan. 2025) The stagnating economy is partly because households appear to be continuing to save rather than spend, which is unlikely to change over the next six months with the sharp deterioration in the outlook... 3rd March 2025 · 3 mins read
China Chart Pack China Chart Pack (Feb. 25) We expect fiscal stimulus to keep China’s economy growing at pace over the first half of this year. But as fiscal support fades and US tariffs start to drag on exports, we think growth will start to... 28th February 2025 · 0 mins read
Global Economics Focus What does the future hold for Bitcoin? With institutional interest in Bitcoin still growing, rising demand might drive prices significantly higher. But we still doubt that Bitcoin will take over from established fiat currencies or usurp... 27th February 2025 · 27 mins read
Middle East & North Africa Economics Update Qatar’s economy waits for the North Field boost Qatar’s economy will be stuck in the slow lane for much of 2025 as non-hydrocarbon activity slows and LNG output remains constrained. But the North Field will start to come online from Q4 and provide... 26th February 2025 · 4 mins read
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
Middle East & North Africa Economics Update Saudi Arabia’s real estate boom not a concern (yet) Saudi Arabia’s real estate sector is in the midst of a boom and affordability among Saudi citizens for housing is becoming increasingly stretched, which may tempt the authorities to loosen lending... 19th February 2025 · 4 mins read
