Africa Economics Update Eurobond yields unlikely to rise sharply After falling in 2012 and early 2013, yields on African eurobonds have edged up over the past few weeks. However, the sell-off in the bond market has not been confined to Africa, as the spread over... 27th March 2013 · 1 min read
Emerging Europe Economics Update Rise in inflation to be limited Emerging market inflation has risen in recent months and is set to continue along this upward path in the near future. Looking further ahead, however, weak core price pressures combined with the fact... 27th March 2013 · 1 min read
Emerging Markets Economics Update BRICS summit more about politics than economics At their summit in South Africa today and tomorrow, leaders of the BRICS are expected to announce progress towards setting up a development bank and to outline a plan to pool some of their foreign... 26th March 2013 · 1 min read
Africa Chart Pack Kenyan elections pass peacefully but risks still linger Events in sub-Saharan Africa have been dominated by presidential elections in Kenya. By past standards at least, the vote was peacefully and markets have remained stable. The shilling has actually... 26th March 2013 · 1 min read
Middle East & North Africa Economics Update Euro-zone to continue weighing on North Africa The deterioration in the French, Italian and Spanish economies in recent months has caused the growth outlook for North Africa to worsen. Coming on top of continued domestic political instability... 25th March 2013 · 1 min read
Middle East & North Africa Economics Update Egypt rate hike a sign of desperation The Egyptian central bank’s move to raise interest rates in spite of the weak economy shows that policymakers have run out of options. Capital controls and FX intervention haven’t been sufficient to... 21st March 2013 · 1 min read
Emerging Markets Economics Chart Pack Sentiment has turned against EM assets Sentiment toward EM assets has turned negative over the last month despite the relatively upbeat performance of many developed markets. Equities have come off recent highs, currencies have mostly... 20th March 2013 · 1 min read
Africa Economics Update Weak South African rand leaves little room for rate cuts Concerns over the impact of a weak rand on inflation leaves the South African Reserve Bank with little room to cut interest rates over the coming months, despite the outlook for subdued economic... 20th March 2013 · 1 min read
Africa Economics Update Nigerian rate cuts still possible later this year Although the Central Bank of Nigeria left interest rates on hold at 12.00% today, we still think that monetary easing will come onto the agenda later this year. However, a combination of loose fiscal... 19th March 2013 · 1 min read
Africa Economics Update Is China helping or hindering South Africa? China’s rapid development and integration into the global economy has had important effects on a number of countries across sub-Saharan Africa (SSA). In this Africa Watch, we take a closer look at... 18th March 2013 · 1 min read
Emerging Markets Economics Update EM recovery falters Our EM GDP Tracker provides tentative evidence that the recent emerging market recovery is losing steam. Growth slowed slightly in Emerging Asia and Latin America in January, and continues to be very... 18th March 2013 · 1 min read
Africa Economic Outlook Strong domestic demand to help Africa outperform The growth outlook for sub-Saharan Africa (SSA) remains good. Admittedly, the region will not be immune from global headwinds, particularly from the ongoing recession in Europe. Export demand may also... 15th March 2013 · 1 min read
Emerging Markets Trade Monitor Divergence in export performance deepens The recovery in Emerging Market exports continues to be concentrated in Asia. By contrast, exports from other EM regions, and commodity producers in particular, remain disappointing. 14th March 2013 · 1 min read
Global Markets Update Is the underperformance of EM equities set to continue? While the recent underperformance of emerging market (EM) equities has been surprising given the strength of developed market (DM) equities, we think it may continue for a while yet. 13th March 2013 · 1 min read
Africa Economics Update Kenyan rate cutting cycle has probably ended The Central Bank of Kenya kept its benchmark interest rate on hold at 9.50% today and, with inflation having bottomed out and the current account deficit still a cause for concern, we think this marks... 12th March 2013 · 1 min read
Emerging Markets Economics Focus The new "Growth Stars" - which EMs are set to shine? As the BRICs enter a period of slower growth, new emerging market “growth stars” will come to the fore. We are particularly upbeat on the economies of sub-Saharan Africa and South East Asia. But... 12th March 2013 · 1 min read
