Latin America Economics Update Brazil’s widening CA deficit reflects broader economic malaise The improvement in Brazil’s current account in August was due entirely to seasonal factors and does not alter the bigger picture that the deficit has widened sharply since the start of the year... 25th September 2013 · 1 min read
Asia Chart Pack Short-lived relief for India and Indonesia Last week’s surprise decision by the US Fed to delay tapering of its QE programme provided an immediate boost to currencies and equity markets across Asia, including those in two of the region’s most... 24th September 2013 · 1 min read
Emerging Europe Economics Update Few signs of EM inflation pressures Emerging market inflation edged down in August and there’s little evidence to suggest that there will be a significant rise in price pressures over the coming months. 24th September 2013 · 1 min read
Latin America Economics Update Argentina Activity Indicator (Aug.) Argentina’s Q2 GDP data give a misleading impression of the health of the economy. While it is true that activity has recovered following last year’s stagnation, the official figures drastically... 23rd September 2013 · 1 min read
Emerging Markets Economics Chart Pack Fed brings some relief to EM currencies Financial markets across the emerging world have rallied in the wake of the Fed’s decision to delay QE tapering, easing concerns that several EMs were on the cusp of currency crises. As it happens... 20th September 2013 · 1 min read
Latin America Economics Focus What might China hold in store for Peru and Chile? With fears of a ‘hard landing’ in China receding, the economic outlook for Peru and Chile has brightened a little in recent months. As it happens, both countries appear fairly well placed to deal with... 20th September 2013 · 1 min read
Latin America Economics Update Colombia: Strong Q2 growth to temper talk of a rate cut Stronger-than-expected second quarter GDP growth in Colombia may temper expectations of interest rate cuts at next week’s monetary policy meeting. We continue to expect rates remain unchanged at 3.25%... 20th September 2013 · 1 min read
Emerging Markets Economics Update A reprieve for troubled EMs, but fundamental problems persist The Fed’s decision yesterday not to taper its asset purchases just yet provides some breathing room for the more troubled emerging economies. But their structural problems remain and uncertainty about... 19th September 2013 · 1 min read
Latin America Economics Update Venezuela: New foreign exchange mechanism, old problems The Venezuelan government is expected to launch a new foreign exchange mechanism over the coming days, but past form suggests that it is unlikely to ease the shortages of foreign currency that have... 18th September 2013 · 1 min read
Latin America Economics Update Fed tapering and Latin America: a recap All eyes will be firmly fixed on today’s US FOMC meeting in anticipation of the announcement that the Fed will begin scaling back its programme of asset purchases under QE3. But for the economies of... 18th September 2013 · 1 min read
Emerging Markets Economics Update The economic impact of Fed tapering revisited We expect the Fed to announce a small reduction in its asset purchases at the conclusion of today’s FOMC meeting. In this Update we revisit the implications for EMs and explain why, despite the market... 18th September 2013 · 1 min read
Emerging Markets Trade Monitor Signs of improvement in EM trade data The most recent Emerging Market (EM) trade data show that export growth accelerated in July. What’s more, on the basis of the latest leading indicators, a further improvement in EM exports looks... 18th September 2013 · 1 min read
Emerging Markets Economics Update EM policymakers step back from foreign exchange intervention One of the more surprising features of August’s EM currency sell-off is how little policymakers in the worst-affected countries intervened in foreign exchange markets to try to stop it. In the case of... 17th September 2013 · 1 min read
Latin America Economics Update Weaker currencies have not fully restored competitiveness The depreciation of exchange rates across Latin America since May only goes part of the way to restoring external competitiveness that has been lost over the past five years. As such, we suspect that... 16th September 2013 · 1 min read
Latin America Economics Update Interest rate cuts still likely in Chile and Peru The stronger tone of recent data means that the case for monetary easing in both Chile and Peru is less convincing than it was only a few months ago. Nonetheless, policymakers in both countries will... 13th September 2013 · 1 min read
Emerging Markets Economics Focus Five years on – what next for the emerging world? In the five years since the collapse of Lehman Brothers, emerging economies have accounted for three-quarters of global growth. This has fed expectations that the emerging world can continue to... 13th September 2013 · 1 min read
