US Housing Market Data Response New Home Sales (Mar.) Following weather-related disruption in February, new home sales jumped in March to close to a 15-year high. A gradual rise in mortgage interest rates this year will weigh on demand to some extent... 23rd April 2021 · 2 mins read
Latin America Economic Outlook A slow and bumpy path to recovery Severe COVID-19 outbreaks across Latin America will put a brake on the region’s economic recovery in Q2. While we’re more optimistic than most that the rollout of vaccines will boost output later this... 22nd April 2021 · 25 mins read
Middle East & North Africa Economics Weekly Saudi privatisation, UAE TESS extended, Tunisian politics The Saudi government is speeding up its privatisation drive, which will help to finance the budget deficit. But the continued reliance on the Public Investment Fund to drive investment risks... 22nd April 2021 · 6 mins read
Emerging Europe Economics Focus Israel’s vaccine success to drive strong recovery Israel has been the world leader in the vaccination race and the early evidence is that the rapid re-opening of the economy has driven a strong rebound in activity, particularly in services sectors... 22nd April 2021 · 20 mins read
Australia & New Zealand Economics Update New Zealand - Implications of a trade war with China New Zealand is playing with fire by criticising the human rights situation in China’s Xinjiang province. While China is highly dependent on New Zealand’s flagship dairy, meat and logs exports, it... 22nd April 2021 · 3 mins read
US Housing Market Update High lumber costs won’t cut starts or boost prices Surging lumber prices have led to delays in housing starts and an increase in some new home prices. But, while we expect lumber prices to remain relatively high over the next couple of years, the... 21st April 2021 · 3 mins read
Asia Economic Outlook Resurgent infections threaten recovery Asia’s emergence from the pandemic has been threatened recently by a resurgence in infections across parts of the region. Most of South Asia, the Philippines and Thailand have had to introduce new... 21st April 2021 · 34 mins read
India Chart Pack Virus restrictions start to bite Our in-house mobility tracker suggests that the surge in virus infections in India is now weighing on activity. This is likely to become more pronounced as the outbreak has become more widespread... 21st April 2021 · 10 mins read
US Housing Market Outlook Higher mortgage rates to cool red hot housing market After a bumper second half of 2020, housing market activity will lose steam in 2021 as higher mortgage interest rates and record low inventory weigh on home sales. House price growth will also fall... 19th April 2021 · 17 mins read
Japan Economics Weekly Kansai emergency looming, jabs to pick up soon The continued surge in daily infections makes it highly likely that states of emergency will be declared again for at least the hard hit prefectures of Osaka and Hyogo. If the spread intensifies... 16th April 2021 · 6 mins read
Europe Economic Outlook Euro-zone being left behind The slow vaccination programme has left the euro-zone well behind the US and UK incoming out of the health crisis. We think the economy will not expand at all in Q2 and GDP growth will be much weaker... 15th April 2021 · 35 mins read
Emerging Markets Economics Update Taking stock of the latest virus developments in EMs Virus outbreaks have taken a sharp turn for the worse across several large EMs – including India and much of Latin America – and look likely to hold back economic recoveries in Q2. The recent... 14th April 2021 · 5 mins read
Asia Economics Focus Taiwan in the cross hairs Ongoing disruption to global auto production has highlighted the extent to which semiconductors have become an essential input in products that aren’t traditionally considered electronics and also how... 13th April 2021 · 12 mins read
Latin America Economics Update Unpacking the election surprises in Ecuador & Peru The surprising victory for conservative Guillermo Lasso in Ecuador’s presidential election increases the chances that public debt will be put onto a sustainable path, and will probably boost the... 12th April 2021 · 3 mins read
Global Economics Update COVID Recovery Monitor Mobility data have weakened in many parts of the world in recent weeks as virus numbers either remain high or continue to climb, risking restrictions staying in place for even longer. The latest data... 9th April 2021 · 6 mins read
Latin America Economics Weekly Peru & Ecuador votes, Banxico’s doves, rising virus cases Voters head to the polls in Peru and Ecuador on Sunday which could lead to a populist shift in both countries. In the former, political risks may have a growing adverse impact on the economy and... 9th April 2021 · 5 mins read
