Emerging Europe Data Response Manufacturing PMIs (Nov.) The across-the-board rise in last month’s manufacturing PMIs in Emerging Europe provide further evidence that, in spite of continued weakness in the euro-zone, the region’s economies are ending the... 1st December 2014 · 1 min read
Global Markets Update Are investors set to flee emerging market assets? October saw net outflows from global ETF and mutual funds that invest in emerging market (EM) assets for the first time since March. This was primarily driven by net outflows from funds that invest in... 28th November 2014 · 1 min read
Europe Commercial Property Update New retail supply will dampen rental growth in the Polish regions Polish retail sales growth will continue to improve as labour market conditions strengthen. While this will support further retailer expansion, the volume of shopping centre space being developed and... 28th November 2014 · 1 min read
Emerging Markets Activity Monitor Signs of improvement in smaller EMs Our GDP Tracker suggests that having sunk to a five-year low in August, EM growth edged up a little in September. The pick-up appears to have been driven by smaller EMs in Central Europe and Asia. In... 28th November 2014 · 1 min read
Emerging Europe Data Response Economic Sentiment Indicators (Nov.) November’s Economic Sentiment Indicators provide further evidence that, in spite of continued weakness in the euro-zone, growth in Central and Eastern Europe has picked up in Q4. The breakdown of the... 27th November 2014 · 1 min read
Emerging Europe Economics Update Deflation concerns spread across the emerging world Following sharp falls in commodity prices, concerns have started to mount that parts of the emerging world are about to slip into a damaging period of deflation. Although we think that inflation is... 27th November 2014 · 1 min read
Emerging Markets Economics Update Where could the next EM rate surprise come? Policymakers in several EMs – notably China – have surprised the markets with unexpected rate decisions over the past month or so. In this Update we identify the EM central banks that are most likely... 26th November 2014 · 1 min read
Emerging Europe Economics Update Ruble sell-off eases, while Ukraine’s bonds slump A combination of interest rate hikes, a move towards a fully floating ruble and steps to limit the provision of ruble liquidity appear to have arrested the slump in Russia’s currency. Elsewhere, the... 26th November 2014 · 1 min read
Emerging Europe Economics Update Monetary policy in Hungary to stay loose The National Bank of Hungary left interest rates unchanged today and, in spite of negative inflation, the MPC appears to be in no mood to resume policy easing. But equally, there will be little... 25th November 2014 · 1 min read
Emerging Markets Economics Update EM policymakers unlikely to follow China’s lead There is little reason to think that the decision by the People’s Bank of China to lower interest rates will trigger a spate of copycat responses from other EM central banks. China’s capital account... 24th November 2014 · 1 min read
Emerging Europe Chart Pack Russia’s central bank takes some heat out of the ruble crisis Aggressive hikes in interest rates coupled with the central bank’s decision to accelerate the move towards a fully floating currency have helped to stabilise the Russian ruble over the past week. But... 24th November 2014 · 1 min read
Emerging Markets Economics Update EM monetary policy takes divergent paths Monetary policy is heading in differing directions across the emerging world. Several economies in Central and Eastern Europe, Asia (notably China) and Latin America have lowered interest rates in... 24th November 2014 · 1 min read
Emerging Europe Data Response Russia Retail Sales, Investment & Ind. Prod. (Oct.) Russian activity data for last month suggest that the economy withstood the initial sharp drop in the price of oil better than some had feared. But even so, the big picture is that growth is still... 21st November 2014 · 1 min read
Emerging Europe Economics Focus Russia: slowdown in consumer spending is here to stay One of the most striking aspects of the recent slowdown in the Russian economy is that the previously resilient consumer sector has weakened sharply. And while this may in part be a result of... 21st November 2014 · 1 min read
Emerging Markets Economics Update How will QE in Japan and the euro-zone affect EMs? The Bank of Japan’s decision to boost asset purchases just as the ECB edges towards QE has rekindled concerns about negative spillovers from developed world monetary policy to the emerging world. The... 21st November 2014 · 1 min read
Emerging Markets Economics Chart Pack Lower commodity prices bring mixed news for EMs Recent falls in commodity prices have left some emerging market (EM) economies in a tailspin. The S&P GSCI, an index of commodity prices, has fallen by more than 20% since its June peak, largely due... 20th November 2014 · 1 min read
