India Economics Update Further FDI reform will prove harder to implement Measures announced last week to further ease restrictions on foreign direct investment into India should help at the margins to build on one of the main policy successes of the Modi government so far... 29th June 2016 · 1 min read
Emerging Europe Economics Update Assessing the political fallout on CEE from Brexit There are already signs that the UK’s vote to leave the EU is emboldening populist and anti-EU sentiment in Central and Eastern Europe (CEE). Given that the region is a major beneficiary from the EU’s... 28th June 2016 · 1 min read
Global Markets Update Sterling & UK equities – no 1992 redux Sterling’s slide in the aftermath of the UK’s vote on EU membership is reminiscent of its slump after the country withdrew from the European Exchange Rate Mechanism (ERM) in 1992. Not surprisingly... 28th June 2016 · 1 min read
Latin America Chart Pack Brexit roils Lat Am markets but economic fallout limited The UK’s vote to leave the European Union has triggered sharp falls in financial markets in Latin America but the economic fallout for the region should be limited. The UK is a relatively small export... 28th June 2016 · 1 min read
Australia & New Zealand Economics Update Brexit not a major threat Last week’s vote by the UK to leave the EU isn’t a major threat to the Australian and New Zealand economies, especially when the resulting volatility in the financial markets appears to be fading. 27th June 2016 · 1 min read
Global Economics Update “Brexit” heralds even looser global monetary conditions The latest monetary data are consistent with a gradual slowdown in advanced economies, but do not point to a collapse in growth. Looking ahead, global central banks are likely to respond to the UK... 27th June 2016 · 1 min read
UK Economics Update How does markets’ Brexit shock compare to past crises? While Friday’s largest-ever daily drop in sterling and the significant hit to UK equities following the vote to leave the EU were undoubtedly extremely significant, the overall degree of market... 27th June 2016 · 1 min read
UK Economics Update Leave vote will weaken spending, but not dramatically so Given the prolonged period of political and economic uncertainty ahead, it would be surprising if there weren’t at least some adverse impact on consumer confidence and hence on consumer spending as a... 27th June 2016 · 1 min read
Europe Economics Update Brexit vote weakens outlook for euro-zone growth While the UK’s vote for Brexit will have only a small direct effect on euro-zone trade this year and next, the indirect effects on confidence and financial markets may be more serious. We have... 27th June 2016 · 1 min read
Europe Economics Update Spain’s new government set to be a fragile one Despite unexpected gains for the right in Spain, an anti-austerity left-wing coalition may now be more likely than opinion polls had suggested. Either way, the new government will be a very fragile... 27th June 2016 · 1 min read
India Economics Update Who will succeed Governor Rajan at the RBI? Following the announcement earlier this month from Reserve Bank of India (RBI) Governor Raghuram Rajan that he will be stepping down at the end of his first term in September, speculation has been... 27th June 2016 · 1 min read
Japan Economics Focus Has Abenomics failed? Structural reforms since the launch of Abenomics have been insufficient to improve the medium-term outlook for Japan’s economy. Meanwhile, monetary policy is running into diminishing returns. As a... 27th June 2016 · 1 min read
UK Economics Focus The implications of the digital revolution Professor Sir Charles Bean’s recent report on UK statistics suggested that the rise of the “digital economy” is not being adequately captured by the official economic figures. If true, this could go... 27th June 2016 · 1 min read
US Housing Market Update Impact of Brexit on housing market will be limited The sharp drop in Treasury yields following the decision by the UK electorate to leave the European Union is unlikely to trigger an equivalent drop in mortgage rates. At the same time, with the impact... 24th June 2016 · 1 min read
Commodities Weekly A relatively muted response to Brexit Unsurprisingly, the prices of most commodities have fallen in the wake of the UK’s vote to leave the EU. The main exception is gold, which has benefitted from renewed safe-haven demand as well as the... 24th June 2016 · 1 min read
