Japan Economic Outlook

Bank of Japan will remain the outlier

In a difficult global environment, Japan's economy has benefitted in recent months from a reopening boom in consumption and the easing of supply shortages in industry. Those tailwinds will soon fade...

5th October 2022 · 24 mins read

UK Economics Rapid Response

Money & Credit (Aug.)

30th September 2022 · 2 mins read

Emerging Europe Economics Update

CEE: monetary tightening now biting hard

Higher interest rates are already having an impact in CEE and a large part of the tightening of monetary conditions has yet to feed through. This will add to the headwinds facing growth in the coming...

29th September 2022 · 5 mins read

Emerging Markets Economics Update

Impact of the global energy price shock across EMs

The surge in energy prices this year (particularly gas) will have the biggest impact on Central and Eastern Europe and push economies there into recession. There will be an impact in the rest of the...

29th September 2022 · 4 mins read

Global Economics Update

European households’ costs to soar despite fiscal aid

The sharp increases in gas and electricity prices in Europe mean that households there – particularly in Germany and Italy – will see a steep rise in their costs of energy consumption. Accordingly...

28th September 2022 · 7 mins read

Canada Data Response

Retail Sales (Jul.)

The fall in retail sales volumes in July leaves them on track for their weakest quarter since the initial pandemic lockdowns in early 2020. With the Bank of Canada’s policy rate hikes still feeding...

23rd September 2022 · 3 mins read

Australia & New Zealand Chart Pack

Housing downturn will weigh on activity before long

The 1.7% q/q rise in New Zealand’s production GDP and the 0.9% q/q rise in Australia’s GDP in Q2 were among the strongest increases among major advanced economies. (See Chart 1.) However, GDP growth...

22nd September 2022 · 11 mins read

China Economics Weekly

Weak RMB inhibits easing, consumption takes a hit

The PBOC has been trying to offer support to the economy this week without lowering its policy rates, but a desire to stabilise the exchange rate constrains what it can do. That’s a problem for the...

16th September 2022 · 5 mins read

UK Economics Rapid Response

UK Retail Sales (Aug.)

16th September 2022 · 2 mins read

China Data Response

China Activity & Spending (Aug.)

China’s economy held up slightly better than anticipated last month, but momentum still weakened relative to July amid renewed virus disruptions and factory closures due to power shortages. September...

16th September 2022 · 3 mins read

Global Economics Focus

When will tourism recover from the pandemic?

The post-pandemic recovery in travel and tourism still has some way to go in parts of the world that have been slower to lift restrictions, such as in Asia. And China’s reluctance to move away from...

15th September 2022 · 15 mins read

US Data Response

Retail Sales (Aug.)

The stagnation in underlying retail sales in August suggests that plunging gasoline prices are not providing any significant boost to real consumption. But that could change over the coming months as...

15th September 2022 · 2 mins read

Emerging Europe Economics Update

CEE economies hardest hit by Europe’s energy crisis

In this Update, we analyse the impact of surging energy prices in Europe and show that the Central and Eastern European (CEE) economies are the most vulnerable. The share of household disposable...

12th September 2022 · 6 mins read

Latin America Economics Weekly

Brazil’s consumer boom, Chile’s referendum

The surge in consumer spending in Brazil shown in the Q2 GDP figures released this week was partly driven by temporary government support measures. But improvements in the labour market, coupled with...

2nd September 2022 · 7 mins read

Australia & New Zealand Rapid Response

Australia Retail Sales (Jul. 22)

29th August 2022 · 2 mins read