Japan Chart Pack Japan Chart Pack (Aug. 2023) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. We no longer expect the economy to enter a recession across the second half of the year. But with... 16th August 2023 · 1 min read
Australia & New Zealand Economics Update RBNZ signals extended pause The Reserve Bank of New Zealand left rates on hold, as was widely expected. However, the minutes of today’s meeting were unambiguously on the hawkish side, with the Committee indicating the need to... 16th August 2023 · 3 mins read
Latin America Rapid Response Colombia GDP (Q2) The larger-than-expected 1.0% q/q contraction in Colombia’s GDP in Q2 is likely to be followed by further weakness over the coming quarters. We expect this to prompt BanRep to join other central banks... 15th August 2023 · 2 mins read
Latin America Economics Update What happens after EM currency crises? Emerging economies whose currencies have fallen by 15% or more against the dollar in a single day – as the Argentine peso did yesterday – have fallen into recession in more than 80% of cases in the... 15th August 2023 · 4 mins read
Event Drop-In: China’s troubled outlook – How great is recession and financial risk? 1692275400 Property developers on the brink. A slip into deflation. Activity at a standstill.
Global Economics Update Interest rate-sensitive activity still holding up Interest rate-sensitive activity in advanced economies has fallen, but is still holding up rather well given how much interest rates have risen. This is partly due to the rebound in auto sales and... 15th August 2023 · 3 mins read
Japan Economics Update Fall in energy imports has further to run Most of the plunge in import volumes last quarter reflects lower energy imports. With the Ukraine war rekindling concerns about energy security and energy prices remaining stubbornly high, import... 15th August 2023 · 3 mins read
China Rapid Response Activity & Spending (Jul.) All the main activity indicators undershot consensus expectations in July, with most either stagnant or barely expanding in m/m terms. And with financial troubles at developers such as Country Garden... 15th August 2023 · 4 mins read
Global Economics Chart Pack Global Economics Chart Pack (Aug. 2023) While economic activity was generally more resilient than feared in the first half of 2023, we expect global growth to disappoint in the coming quarters. We doubt that another bout of policy stimulus... 14th August 2023 · 1 min read
Middle East & North Africa Economics Update Saudi Arabia’s recession deepens Oil output cuts fuelled Saudi Arabia’s economic downturn in the first half of 2023 and the drag from the oil sector appears to have intensified more recently. Taking together with signs that activity... 14th August 2023 · 3 mins read
Global Economics Update How many global risks lie in China's Country Garden The immediate global economic and market fallout from troubles at Chinese property developer Country Garden seems likely to be limited. Foreign exposure to China’s property sector has fallen sharply... 14th August 2023 · 3 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Aug. 2023) Our Australia & New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. Although central banks in both Australia and New Zealand are unlikely to drop... 14th August 2023 · 1 min read
Emerging Europe Rapid Response Russia GDP (Q2 2023) The better than expected pick-up in Russia’s GDP growth in Q2, to 4.9% y/y, confirms that the economy had a strong first half of the year. But with limited slack in the economy, this is likely to... 11th August 2023 · 2 mins read
Canada Economics Weekly Data still consistent with soft(ish) landing Although export volumes fell for the second month running in June, the strength of imports suggests that domestic demand is holding up and the Bank of Canada will be pleased to see that import prices... 11th August 2023 · 5 mins read
