Japan Chart Pack Japan Chart Pack (Jul. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 11th July 2023 · 1 min read
Canada Economics Update “Excess” savings unlikely to avert spending slowdown The recent US experience seems to suggest that the household saving rate could fall further as Canadians draw down the savings they built up during the pandemic, supporting consumption. A closer look... 10th July 2023 · 3 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Jul. 2023) This new Chart Pack has been designed to replace our Chart Book in response to client feedback to make our insights more accessible, and with more options to incorporate them into your workflow. Use... 10th July 2023 · 1 min read
Europe Economics Weekly Euro-zone recession likely to have continued in Q2 The activity data published this week are consistent with our view that the euro-zone economy contracted again in Q2. Next week, the ECB will publish the account of June’s meeting which is likely to... 7th July 2023 · 9 mins read
Australia & New Zealand Economics Weekly Pay hikes in collective bargaining agreements soar Notwithstanding the RBA's decision to leave rates on hold on Tuesday, we still expect the Bank to deliver three more 25bp rate hikes before bringing its tightening cycle to an end. Indeed, the case... 7th July 2023 · 5 mins read
RBNZ Watch RBNZ to stay put, rate cuts only in Q1 2024 Having raised rates more aggressively than any other developed market central bank, we think the RBNZ’s tightening cycle is now over. The Bank has already succeeded in sending the economy into... 5th July 2023 · 7 mins read
US Economics Weekly Consumption and core inflation losing momentum The apparent weakness of consumption growth and slowdown in core inflation in the second quarter leave us a bit more confident in our view that the Fed’s next rate hike will prove to be the last. 30th June 2023 · 10 mins read
China Economics Weekly Households remain cautious, loan demand softens The PBOC’s survey of depositors suggests that the household savings rate declined further in Q2 but may still be well above pre-pandemic levels amid a renewed deterioration in consumer sentiment. A... 30th June 2023 · 4 mins read
US Rapid Response Personal Income & Spending (May) The May income & spending data appear to confirm that real consumption growth slowed sharply in the second quarter, while also providing encouraging signs that core inflation is gradually easing. 30th June 2023 · 2 mins read
Australia & New Zealand Economics Weekly RBA has more work to do as economy is holding up Although CPI data released this week showed a sharp slowdown in headline inflation, it’s clear that underlying price pressures remain strong. What’s more, yesterday’s retail sales data revealed an... 30th June 2023 · 6 mins read
China Economic Outlook Recovery needs help but isn’t dead yet China’s reopening recovery is struggling for momentum and quarter-on-quarter growth will be subdued for the rest of the year. But with policymakers likely to step up support soon, the economy should... 28th June 2023 · 18 mins read
Canada Economic Outlook Recession or not, growth to disappoint Strong immigration and the turnaround in the housing market raise the chance that the economy will avoid recession but, with the Bank of Canada back in hiking mode, we still judge that GDP will... 27th June 2023 · 14 mins read
Emerging Markets Economics Chart Pack Starting gun fires for the EM easing cycle Central bank meetings this month suggest that we’re now on the brink of an EM monetary easing cycle. In China, the Loan Prime Rates were lowered in response to flagging growth. And elsewhere, some... 27th June 2023 · 8 mins read
UK Economics Rapid Response UK Retail Sales (May 2023) The further rebound in retail sales volumes in May suggests the recent resilience in economic activity hasn’t yet faded. But we think it’s too soon to conclude the rebound in retail sales will be... 23rd June 2023 · 3 mins read
Canada Rapid Response Retail Sales (Apr.) The stronger-than-expected rise in retail sales in April suggests that household spending was resilient going into the second quarter. Both the preliminary estimate for May and the recent rebound in... 21st June 2023 · 2 mins read