UK Economics Chart Pack Pick-up in spending will be difficult to sustain While consumer spending has shown some signs of life in the first part of this year, the momentum will be difficult to sustain. Although some of the measures announced by the Chancellor in the Budget... 22nd March 2013 · 1 min read
Europe Data Response German Ifo Survey (Mar.) March’s fall in the German Ifo business climate indicator is another sign that the recovery in the euro-zone seen over the past six months or so might already be running out of steam. 22nd March 2013 · 1 min read
UK Economics Update Budget measures amount to small beer for consumers While yesterday’s Budget resulted in a net giveaway to consumers, it did little to reduce the blow to household incomes which will be inflicted by further waves of austerity in the coming years. 21st March 2013 · 1 min read
Canada Data Response Retail Sales (Jan.) The flat growth in January's retail sales volumes suggests that the slowdown in consumption growth seen at the end of last quarter appears to have continued into the first quarter. Accordingly, there... 21st March 2013 · 1 min read
UK Data Response Retail Sales & Public Finances (Feb.) February’s retail sales figures provided some positive news after the gloom of yesterday’s Budget. Meanwhile, the latest public finance figures gave some support to the OBR’s judgement that public... 21st March 2013 · 1 min read
Europe Economics Update What next for Cyprus? The Cypriot Parliament’s overwhelming rejection of the proposed levy on bank deposits adds to the uncertainty surrounding the future of Cyprus and increases the risk of the country eventually exiting... 20th March 2013 · 1 min read
China Economics Update The view from the ground – Q1 2013 Confidence is rising, but business leaders in China are less upbeat about conditions for their own firms than they are about the wider economy. This suggests that sentiment may be running ahead of... 19th March 2013 · 1 min read
China Economics Update First thoughts on Premier Li Keqiang Premier Li Keqiang has taken office with pledges to tackle inequality, boost urbanisation and deal with vested interests. These are all major economic concerns. But longstanding China watchers may... 18th March 2013 · 1 min read
China Economics Update New leadership edging forward with reform Economic reform appears to be getting off to a slow start under the new leadership but moves to reduce government oversight of investment and other business operations suggest that it is at least... 14th March 2013 · 1 min read
Europe Economics Update Italian deadlock set to continue The opening of Parliament on Friday will do little to lift the political uncertainty in Italy. Accordingly, a prolonged period of policy deadlock looks likely to fuel concerns over the outlook for... 14th March 2013 · 1 min read
Europe Economics Update What’s left in the ECB toolbox for SMEs? Reviving lending to small and medium-sized enterprises is crucial for the euro-zone’s prospects given the importance of these firms to the region, particularly in the periphery. Indeed, ECB President... 13th March 2013 · 1 min read
Japan Economics Update Business and consumer surveys up but details not so good The improvements in the headline indices from the government’s quarterly Business Outlook Survey and the latest monthly report on consumer confidence provide further evidence that Japan’s economy is... 13th March 2013 · 1 min read
Middle East & North Africa Economics Update Tunisia: political unrest and weak euro-zone dim outlook Continued political turmoil and the ongoing recession in the euro-zone will weigh on growth in Tunisia this year. Over the longer-term, however, if the political situation calms down and structural... 12th March 2013 · 1 min read
UK Economics Update What impact will sterling's drop have on retailers' profits? Sterling’s fall has clouded the outlook for retailers’ profits by pushing up import prices. However, their profitability should still improve over the next year or two thanks to the fading of other... 12th March 2013 · 1 min read
Africa Economics Update First thoughts on Kenyatta's victory On the face of it, an earlier-than-expected victory for Uhuru Kenyatta in Kenya’s presidential election has reduced the risk of public unrest and political uncertainty that had previously threatened... 11th March 2013 · 1 min read
Africa Economics Update Markets holding their nerve as Kenya delays election results Kenya’s parliamentary and presidential elections have so far passed relatively peacefully, helping to keep markets calm amid news that the results have been delayed due to technical problems. But the... 6th March 2013 · 1 min read
