Emerging Markets Economics Chart Pack Central banks beginning to shift focus The growth outlook for the emerging world has taken a turn for the worse. The latest activity data for China suggest that the post-lockdown recovery has lost steam. The PBOC has responded by lowering... 23rd August 2022 · 9 mins read
US Chart Pack Rebounding real incomes to support consumption After a year-long contraction in real disposable incomes, the sharp declines in energy prices over recent weeks are finally providing some relief. Alongside continued strong employment growth, we... 22nd August 2022 · 10 mins read
Australia & New Zealand Chart Pack Housing downturn will weigh on activity before long Australia’s house prices are now falling at a similar rate as they did during the 2017-19 downturn, which was the largest in the country’s modern history. Home sales remain well above pre-pandemic... 22nd August 2022 · 12 mins read
UK Data Response Retail Sales & Public Finances (Jul.) We doubt the recent resilience in consumer spending will last for much longer. Even so, July’s rise in retail sales provides another reason to think that the Bank of England will raise interest rates... 19th August 2022 · 4 mins read
Long Run Update Composition of spending will change as populations age The composition of spending changes as consumers age, with a greater proportion allocated to healthcare, food and drink, and less to education, transport and recreation. The experience of countries... 1st August 2022 · 4 mins read
China Economics Weekly Consumer boycotts will accelerate decoupling Consumer boycotts of foreign firms in China are becoming more frequent and harder for the firms involved to deflect. Government restriction on multinationals’ foreign activities are also becoming more... 1st April 2021 · 4 mins read
US Commercial Property Focus Is COVID-19 the death-knell for physical retail? Retail has been hit hard by the COVID-19 crisis and lasting changes to online spending will bring further pain. While our estimates suggest that the impact is likely to be less severe than structural... 8th October 2020 · 27 mins read
China Economics Focus Is consumption being undercounted? A growing number of economists are challenging the view that China invests too much and consumes too little by arguing that the official data grossly understate consumption and overstate investment... 2nd April 2014 · 1 min read
