Emerging Europe Chart Pack Poland leads the way The latest activity data show that Emerging Europe’s recovery is continuing. Detailed Q2 GDP figures released this month confirmed that the region as a whole grew by 1.6% y/y, up from 1.3% y/y in the... 27th September 2013 · 1 min read
Emerging Europe Economics Update Improving Czech economy reduces need for FX intervention The strengthening of the Czech economy is preventing the National Bank from plumping for furtherpolicy easing, namely FX intervention to weaken the koruna. With the economic recovery still fragile... 26th September 2013 · 1 min read
Emerging Markets Activity Monitor Talk of “Great Deceleration” overlooks recent stabilisation Despite recent talk of a “Great Deceleration” in the emerging world, our GDP Tracker suggests that EM growth has stabilised – albeit at a weak pace – over the past few months. 26th September 2013 · 1 min read
EM Valuations Monitor Regional divergence in stock market valuations The recovery in emerging market equities – up almost 6% on average since this time last month – has boosted price/earnings ratios across almost all the major regions. From a historical perspective... 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
Emerging Europe Economics Update A little further to go in Hungary’s easing cycle Following today’s cut in Hungarian interest rates, we are revising our year-end rate forecast to 3.00% from 3.50%. With inflation below target and the economic recovery still fragile, it looks like... 24th September 2013 · 1 min read
Emerging Europe Economics Update Central Europe has muted reaction to QE tapering delay The reaction of the financial markets in Central Europe to the US Fed’s decision to hold off tapering QE was decidedly muted. But these countries’ markets didn’t suffer the large sell-offs seen... 24th 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
Emerging Europe Economic Outlook Growth clouds start to lift The outlook for much of Emerging Europe has brightened in recent months and we expect growth in most countries to accelerate over the coming quarters. The strengthening of the euro-zone should support... 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
Emerging Europe Economics Update Russian economy continues to struggle The weakness of August’s activity data for Russia is partly due to working day effects since August of this year had one fewer working day than August of 2012. Even so, today’s data reinforce our view... 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 Europe Economics Update Turkish policymakers waiting for “taper” reaction Having been promised “surprise” measures to shore up the lira by Governor Basci, today’s Turkish rate setting meeting was a non-event. Policymakers appear to be waiting to see how the financial... 17th 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
