US Economics Update Monetary Indicators Monitor (Mar.) Although the annual growth rate of our own M3 measure was a still muted 3.8% in March, the strength of M2 growth, at 6.2%, and bank loan growth, at 7.8%, underscores that there is nothing in the... 4th May 2016 · 1 min read
US Economics Update SLOS shows contrast between business and consumer lending The Fed’s latest Senior Loan Officer Survey (SLOS) underscores that business investment is likely to remain muted for some time yet. In contrast, the consumer outlook is encouraging. 2nd May 2016 · 1 min read
Asia Economics Update Growth in Sri Lanka to slow despite IMF deal The IMF today announced that it has reached a staff-level agreement with Sri Lanka on a three-year US$1.5bn loan. The deal should help Sri Lanka avoid a balance of payments crisis and stabilise... 29th April 2016 · 1 min read
UK Economics Update Household Borrowing Monitor (Mar.) March’s household borrowing figures will only have added to concerns that the consumer recovery is built on unsustainably-high rates of unsecured lending growth. But there are reasons to think that... 29th April 2016 · 1 min read
UK Commercial Property Data Response Lending to commercial property (Mar.) Net lending to the property sector picked up March. However, with traditional lenders’ exposure to the sector simply stabilising and riskier development lending still falling, it is hard to argue that... 29th April 2016 · 1 min read
Australia & New Zealand Economics Weekly Australia Budget Preview: Gambling with the AAA credit rating Treasurer Scott Morrison will put Australia’s AAA credit rating at risk in Tuesday’s Federal Budget by revealing a net rise in spending in an attempt to gain favour ahead of the probable election on... 29th April 2016 · 1 min read
Africa Chart Pack Africa: IMF takes centre stage Events this month have underlined the continuing importance of the IMF for many economies across Africa. On 6 th April the government of Angola requested an IMF bailout to help stabilise an economy... 28th April 2016 · 1 min read
US Economics Update Surge in net external debt a long-term negative for dollar Although the current account deficit remains well below the peak reached in 2006, net external debt has soared to more than 40% of GDP, up from only 10% a decade ago. The external debt burden is still... 27th April 2016 · 1 min read
China Economics Update How long will the rebound continue? Stimulus that is already in the pipeline should sustain China’s economic recovery to near the end of the year. But policymakers are more aware than in the past of the damage that excessive stimulus... 27th April 2016 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Mar.) March’s euro-zone monetary data suggest that economic growth remains fairly slow . While the ECB has since expanded its stimulus measures, we doubt that this will boost money and lending growth... 27th April 2016 · 1 min read
Global Economics Update Global monetary conditions still loose Broad money and credit have been expanding steadily in most major advanced economies in recent months. They should continue to hold up well for the foreseeable future as global monetary policy will... 26th April 2016 · 1 min read
Europe Economics Weekly Will bank worries prevent further ECB rate cuts? 22nd April 2016 · 1 min read
Asia Economics Update No cuts in Indonesia likely until new policy rate comes into force With Bank Indonesia (BI) having announced on Friday that it is planning to replace its main policy rate because the current rate has little influence over commercial banks’ lending rates, a fourth... 21st April 2016 · 1 min read
Emerging Europe Economics Update Why Ukraine still needs the IMF At first sight, the sharp fall in Ukraine’s current account deficit over the past few years suggests that the economy’s external vulnerabilities have diminished significantly. But that masks the fact... 19th April 2016 · 1 min read
Europe Economics Update Greece’s first bailout review still not a done deal The protracted and difficult negotiations surrounding the first review of Greece’s third bailout underline the challenges that still lie ahead for Greece, its creditors and the euro-zone’s... 18th April 2016 · 1 min read
