Middle East & North Africa Economics Update Dubai equities fall following upgrade to EM status Dubai’s equity market tumbled earlier in the month following the upgrade by MSCI from “frontier” to “emerging” market status. Stocks in Abu Dhabi and Qatar (which were also upgraded) fell too, but to... 28th May 2014 · 1 min read
Emerging Europe Economics Update Impact of currency weakness on inflation has been muted The sharp fall in many emerging market (EM) currencies over the past year has not led to the big EM-wide inflation shock that some were predicting. Looking ahead, we expect inflation across the... 21st May 2014 · 1 min read
Middle East & North Africa Chart Pack Growth in the Gulf diverges It looks like economic growth accelerated further in Saudi Arabia, the UAE and Qatar over the first few months of the year. In Saudi Arabia, this was supported by a rebound in the oil sector, while... 21st May 2014 · 1 min read
Emerging Markets Economics Update The “Taper Tantrum” one year on A year on from the start of the so-called “taper tantrum”, in which concerns about the withdrawal of monetary stimulus by the Fed sent shock waves through EM financial markets, the vulnerabilities... 19th May 2014 · 1 min read
Emerging Markets Economics Chart Pack EM growth stuck in the slow lane Having shown signs of picking up towards the end of last year, growth across the emerging world seems to have slowed once again in recent months. The latest slowdown has been due to several factors... 16th May 2014 · 1 min read
Middle East & North Africa Economics Update Little sign of a turnaround in Saudi consumer spending The latest data suggest that Saudi household spending is still relatively sluggish and, with fiscal policy set to become less supportive over the coming years, we’re not anticipating a marked... 15th May 2014 · 1 min read
Middle East & North Africa Economics Update Saudi Arabian economy looks set to slow from here on Our GDP Tracker suggests that the Saudi Arabian economy grew at a robust rate of over 5% y/y in Q1. However, growth looks set to slow over the next twelve to eighteen months as the rebound in the oil... 12th May 2014 · 1 min read
Middle East & North Africa Economics Update What might an al-Sisi presidency hold in store for Egypt’s economy? Abdel Fatah al-Sisi, the leader of last summer’s “second revolution”, looks set to sweep to victory in Egypt’s presidential election, scheduled for 26th - 27th May. In this Watch, we take a closer... 8th May 2014 · 1 min read
Emerging Markets Economics Update Drop in PMIs dashes hopes for sustained recovery in EMs April’s PMIs suggest that manufacturing across the emerging world softened further last month. While there are signs that manufacturing growth in the smaller EMs is starting to lose steam, the... 6th May 2014 · 1 min read
Middle East & North Africa Economics Update UAE PMI hits record high April’s PMI data from the MENA region suggests that the rebound in the UAE’s economy has strengthened. Meanwhile, the economic recovery in Egypt from last summer’s unrest remains bumpy as the country... 6th May 2014 · 1 min read
Middle East & North Africa Economics Update Inflation in the Gulf may be reaching a bottom A drop in food inflation has caused inflationary pressures to ease across much of the Gulf over the past twelve months. But inflation may now be bottoming out. Food inflation is set to pick-up again... 1st May 2014 · 1 min read
Emerging Markets Activity Monitor Recovery in Emerging Europe picks up pace, but others struggle Although growth has remained roughly unchanged across the emerging world as a whole over the past few months, there are some stark differences in performance across regions. In particular, growth in... 30th April 2014 · 1 min read
Middle East & North Africa Economics Update UAE and Qatar equities rally ahead of MSCI upgrade Equity markets in the UAE and Qatar have rallied in the past month ahead of their upgrade to emerging market status by MSCI. By contrast, the Egyptian stock market has had a relatively disappointing... 29th April 2014 · 1 min read
Middle East & North Africa Chart Pack Inflation follows different paths in Saudi Arabia and the UAE Inflation has followed very different paths in the Gulf’s two largest economies, Saudi Arabia and the United Arab Emirates, in recent months. In Saudi, consumer price inflation has continued to fall... 24th April 2014 · 1 min read
Global Markets Update Investors flee China’s equity market Net selling by global ETFs and mutual funds dedicated to investing in equities in China was larger in March than in any other month on record according to EPFR Global. This presumably reflected... 24th April 2014 · 1 min read
Emerging Europe Economics Update Is an El Niño a risk to EM inflation? The current period of subdued inflation in the emerging world shows no signs of nearing an end. One possible risk to the outlook is an El Niño, which weather forecasters warn could be on its way, and... 24th April 2014 · 1 min read
