Emerging Markets Activity Monitor Asia leads the way, but growth remains weak across EM world Our GDP Tracker suggests that although EM growth has probably picked up a little recently, it is too soon to talk about a meaningful rebound. Signs of recovery are strongest in Emerging Asia... 28th November 2013 · 1 min read
Emerging Europe Chart Pack Growth gradually picking up A raft of GDP data released over the past month confirmed that growth in Emerging Europe accelerated in Q3, albeit gradually. Overall, we calculate that regional GDP expanded by 1.8% y/y, up from 1.6%... 28th November 2013 · 1 min read
Emerging Europe Economics Update Further modest rate cuts in Hungary may be on the cards Today's cut in Hungarian interest rates is likely to be followed up by one more cut next month, which we currently think will mark the end of the easing cycle. However, the recent sharp fall in... 26th November 2013 · 1 min read
Emerging Europe Economics Update The economic implications of Ukraine's move towards Russia There’s a lot of uncertainty about what will happen next in Ukraine following the government’s decision to suspend preparations for an Association Agreement with the EU, apparently under pressure from... 25th November 2013 · 1 min read
Emerging Markets Economics Chart Pack EM exporters benefit from Chinese rebound EM exporters appear to have benefited from the recent investment-led rebound in China. But with China's infrastructure spending now easing again and policymakers determined to rein in credit growth... 22nd November 2013 · 1 min read
Emerging Europe Economics Update Russian and Turkish markets continue to underperform It’s been a bumpy few weeks for equities and currencies in the region. Those in the two largest economies, Turkey and Russia, have underperformed. Meanwhile, the Czech koruna has posted the largest... 22nd November 2013 · 1 min read
Emerging Europe Economics Update Croatia’s fiscal woes a result of weak growth In spite of mounting speculation that Croatia’s debt burden will force the authorities to turn to the IMF for help, we think that the country might still be able to avoid a bail-out. Even so, these... 21st November 2013 · 1 min read
Emerging Europe Economics Update Russian economy makes a weak start to Q4 Following last week’s disappointing Q3 GDP growth figures, today’s release of activity data for October suggests that the Russian economy made a weak start to Q4 too. Indeed, the only crumb of comfort... 20th November 2013 · 1 min read
Emerging Markets Economics Update Stepping back from the EM currency rollercoaster EM currencies have resumed their rollercoaster ride over the past couple of weeks – first weakening on the back of renewed expectations that the Fed might start to taper its asset purchases by the end... 19th November 2013 · 1 min read
Emerging Europe Economics Update Turkey tightens modestly but more may be needed The Turkish central bank made a small adjustment to its liquidity provision today which should lead to a modest rise in market interest rates. However, there's little more that the MPC can now do to... 19th November 2013 · 1 min read
Emerging Markets Economics Update Exchange rates to frame EM monetary policy in near term Currency movements will continue to play a major part in determining emerging market (EM) monetary policy. Countries where currencies have weakened alongside large current account deficits - Brazil... 15th November 2013 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Underlying conditions improving The latest economic activity data point to strengthening conditions in parts of Europe outside of the single currency region. Hence, commercial property occupier demand seems to be holding up fairly... 14th November 2013 · 1 min read
Emerging Markets Trade Monitor Commodity exporters lag behind in EM export recovery We wouldn't read too much into the slowdown in EM export growth in September. The monthly data are volatile and there are already signs that exports rebounded in October. Nonetheless, EM export growth... 14th November 2013 · 1 min read
Emerging Europe Economics Update Eastern Europe shrugs off euro-zone slowdown Central and South Eastern Europe seems to have shrugged off the slowdown in the euro-zone in the third quarter of this year, with growth accelerating in most countries. The exception was the Czech... 14th November 2013 · 1 min read
Emerging Europe Economics Focus Eastern Europe: towards a Goldilocks era? We have been among the most pessimistic forecasters on Emerging Europe over the past five years and the as yet unresolved debt problems in the euro-zone continue to cast a long shadow over the outlook... 13th November 2013 · 1 min read
Emerging Markets Economics Update Which EMs will benefit most from a US recovery? A raft of strong activity data from the US suggests that the recovery there is gaining momentum. We expect growth in the US to accelerate further over the coming quarters. The biggest beneficiaries in... 12th November 2013 · 1 min read
