China Economics Update The People’s Bank follows the Fed The People’s Bank has followed the Fed in raising the interest rate it charges when providing funds in China’s interbank market. But we believe that tighter policy in China continues to be primarily... 16th March 2017 · 1 min read
India Economics Update “Bad bank” alone would have limited impact The creation of a “bad bank” in India would help restructure the loans of India’s most heavily-indebted firms and should facilitate a clean-up of the balance sheets of commercial banks. But the... 15th March 2017 · 1 min read
Middle East & North Africa Economics Update What’s behind the Saudi credit slowdown? The sharp slowdown in credit growth in Saudi Arabia is likely to reach a trough soon. However, as we explain in this Watch, a weak economic outlook and higher interest rates mean that lending growth... 13th March 2017 · 1 min read
China Data Response Bank Lending & Broad Credit (Feb.) Bank lending in China held up better than expected last month but at the expense of other forms of credit, which have become less attractive following the recent rise in market interest rates. 9th March 2017 · 1 min read
Global Economics Chart Pack Signs of strong global growth continue Business and consumer surveys suggest that the strong start to the year continued in February. The global composite PMI remained close to a three-year high and is consistent with world GDP growth of... 6th March 2017 · 1 min read
Europe Data Response Greece GDP (Q4) Q4’s sharper-than-anticipated drop in Greek GDP is clearly very bad news. While Prime Minister Tsipras claims that the economy is now poised to recover, the business surveys suggest otherwise. This... 6th March 2017 · 1 min read
UK Economics Chart Pack Rising inflation starting to hit households Resilient consumer spending was the main reason why GDP growth held up so well in the wake of the Brexit vote. However, there have been signs that the exchange-rate induced rise in inflation is... 3rd March 2017 · 1 min read
UK Economics Update Household Borrowing Monitor (Jan.) January’s UK money and credit figures showed that mortgage approvals have continued on their upward trend, after the lull around last year’s EU referendum, and that consumers may be becoming a little... 1st March 2017 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (Feb.) Despite the fall in February’s Markit/CIPS manufacturing PMI, the survey still suggests that the sector carried a decent amount of momentum into 2017. However, there are signs that price rises are... 1st March 2017 · 1 min read
China Economics Update Equities hit three-month high Chinese equities started the Year of the Chicken on a bright note, rising in February by the most in three months. Meanwhile, the PBOC has continued to tighten monetary conditions by pushing market... 28th February 2017 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jan.) January’s euro-zone money and credit data point to steady economic growth. But they still suggest that core inflation will remain very weak. 27th February 2017 · 1 min read
Global Economics Update Steady bank lending still supporting global growth Credit growth has slowed in the US in recent months, but has edged higher in other advanced economies. As a result, we expect overall credit growth in advanced economies to continue at around 5% or so... 22nd February 2017 · 1 min read
Europe Economics Update Italian banks still a major concern There are some tentative signs of improvement in the Italian banking sector, but it will be a very long time until the country’s lenders look healthy. So the banks will remain a risk to the economic... 21st February 2017 · 1 min read
Global Economics Update Faster nominal GDP growth helping to bring down debt ratios Nominal GDP growth in advanced economies has picked up over the past twelve months or so and is likely to remain fairly rapid during the coming two years. This should help households, firms and... 17th February 2017 · 1 min read
Africa Economics Update Angola: New GDP figures raise fresh debt worries Revised official GDP figures show that Angola’s economic slump is even worse than we’d thought. The revisions add to our concerns about the sustainability of the country’s large debt burden. Angola’s... 16th February 2017 · 2 mins read
Japan Economics Update Monetary Indicators Monitor (Jan.) Despite record-low bank lending rates and extraordinarily loose credit conditions, growth in bank lending has not picked up since the launch of Quantitative and Qualitative Easing. One consequence is... 15th February 2017 · 1 min read
