Europe Data Response Euro-zone GDP & Employment (Q3) Euro-zone GDP growth slowed to just 0.2% q/q in Q3 and with all of the timelier surveys pointing downwards, the economy looks set to fall into recession in Q4. Nevertheless, surveys of firms’ hiring... 15th November 2022 · 2 mins read
Global Economics Update Weak demand starting to weigh on bank lending Although credit growth in advanced economies remained strong in September, it has largely been used to help economies cope with the effects from rising costs and inflation. But lending criteria is now... 15th November 2022 · 2 mins read
UK Data Response Labour Market (Sep./Oct.) September’s labour market figures reveal further signs that the labour market is becoming less tight. That may alleviate some of the pressure on the Bank of England to repeat November’s 75 basis point... 15th November 2022 · 2 mins read
China Data Response China Activity & Spending (Oct.) The October data point to a further loss of momentum, with retail sales dropping sharply amid worsening virus outbreaks. November is shaping up to be even worse. With exports cooling, the property... 15th November 2022 · 3 mins read
Japan Data Response Japan GDP (Q3 2022 Preliminary) Japan’s economy contracted in Q3, with private consumption and business investment posting far weaker results than timelier data had suggested. Growth should turn positive in Q4, amid a rebound in... 15th November 2022 · 3 mins read
Europe Data Response Euro-zone Industrial Production (Sep.) The unexpected strength of euro-zone industrial production in September was largely due to the rebound in vehicles production and distortions affecting Ireland’s data. While vehicle output may... 14th November 2022 · 2 mins read
Emerging Europe Economics Weekly Sovereigns tap dollar debt, dovish CEE central banks Governments in Turkey and Poland made a splash this week as they announced rare dollar bond issues. Turkey appears to be taking advantage of a period of low credit spreads while the decision in Poland... 11th November 2022 · 11 mins read
Africa Economics Weekly Manufacturing boost to SA, Kenya’s public finances The surprising strength of South Africa’s manufacturing data for September has lengthened the odds that the economy was in a technical recession over Q2 and Q3. And in Kenya, bond markets have rallied... 11th November 2022 · 7 mins read
Global Economics Chart Pack Upside surprises to Q3 GDP not a sign of things to come Many of the Q3 GDP releases of early-reporting economies have beaten consensus expectations in the past few weeks, especially in Europe. Not only did energy-crisis-laden Germany grow in Q3, rather... 11th November 2022 · 13 mins read
Asia Economics Weekly Tougher times ahead for Taiwan, COP27 Surging demand for electronics products helped Taiwan’s economy sail through the pandemic. But with this tailwind now turning into a headwind, growth looks set to slow sharply. 11th November 2022 · 6 mins read
India Data Response Industrial Production (Sep.) Industrial production in India rebounded strongly in September, but we don’t expect this strength to last. Higher interest rates and the slowdown in global demand look set to weigh heavily on the... 11th November 2022 · 2 mins read
India Economics Weekly Coal giving ground slowly to renewables India’s dependence on coal and its plans to increase coal-powered generating capacity have been talking points at COP27. In the recent past, this dependence has been an economic vulnerability as... 11th November 2022 · 6 mins read
Japan Economics Weekly Thinner savings rate buffer for spending in Q4 Private consumption remained resilient in the face of the record COVID wave in Q3, suggesting that households have finally learned to live with the virus. We’ve revised up our Q3 spending forecast... 11th November 2022 · 8 mins read
