US Economics Weekly Q1 GDP growth muted; Q2 will be worse Although underlying activity growth rebounded in the first quarter, while wage and price inflation remained too high, we expect the second quarter to bring a sharper slowdown across the board. 28th April 2023 · 9 mins read
Canada Economics Weekly Declining vacancies should soothe Bank’s nerves The Bank of Canada’s Summary of Deliberations suggests it was closer to resuming interest rate hikes in April than we thought. Nonetheless, as the data releases this week showed a fall in the job... 28th April 2023 · 6 mins read
Europe Economics Weekly Economy stagnant; new fiscal rules some way off Data released on Friday confirmed that the euro-zone economy was broadly stagnant in Q4 and Q1. Meanwhile, the European Commission’s proposed new fiscal rules will need further changes before member... 28th April 2023 · 9 mins read
Asia Economics Weekly Auto rebound unlikely to last, new currency forecasts Automotive production across Asia, which was badly hit during the pandemic by a shortage of semiconductor components, is now rebounding rapidly as this constraint unwinds. This is providing a boost to... 28th April 2023 · 8 mins read
Canada Data Response GDP by Industry (Feb.) The small rise in GDP in February points to healthy first-quarter growth but, with the preliminary estimate pointing to a contraction in March and activity set to suffer in April due to the federal... 28th April 2023 · 2 mins read
India Data Response Core Infrastructure Industries (Mar.) Growth in India’s core infrastructure industries slowed in March, indicating that some of the resilience in the industrial sector at the start of the year may be fading. Domestic and external... 28th April 2023 · 2 mins read
Latin America Data Response Mexico GDP (Q1 Prov.) The 1.1% q/q rise in Mexican GDP in Q1 marked a pick-up from the end of last year, but a fresh slowdown is on the cards as a recession in the US and tight policy at home will take their toll. 28th April 2023 · 2 mins read
Europe Data Response Euro-zone GDP (Q1) The very small increase in GDP in Q1 means a technical recession has been avoided by a whisker. However, the economy has essentially stalled as domestic demand has been hit hard by the energy shock... 28th April 2023 · 2 mins read
Asia Data Response Taiwan GDP (Q1) Taiwan’s GDP contracted sharply in the first quarter of the year, as a slump in exports put the economy into a technical recession. We think the economy will struggle over the coming quarters as weak... 28th April 2023 · 3 mins read
Japan Economics Weekly GDP to shrink across H2 External demand is holding up better than we had anticipated and we now expect a renewed rise in Q2 GDP following a modest decline in Q1. But we still expect major trading partners to enter a... 28th April 2023 · 3 mins read
Japan Data Response Activity (Mar. 23) & Tokyo CPI (Apr. 23) The end-month data rush only adds to the dilemma the Bank of Japan is facing. While labour market conditions are now easing in earnest, underlying inflation is set to surpass 4% at the national level... 28th April 2023 · 4 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Mar. 23) 28th April 2023 · 2 mins read
Africa Chart Pack Power cuts ripping through South Africa’s economy Persistent and deepening electricity outages in South Africa are wreaking economic havoc. Almost half of generating capacity was offline this month, triggering severe “loadshedding”. Output in energy... 27th April 2023 · 12 mins read
