Canada Rapid Response Canada GDP (May.) The larger-than-expected rise in GDP in May suggests that the economy performed a little better than we anticipated last quarter, although the preliminary estimate of only a small rise in June is... 31st July 2024 · 3 mins read
Asia Rapid Response Taiwan GDP (Q2, first estimate) Taiwan’s economy almost stalled in the second quarter, with growth coming in well below our expectations. While we think GDP growth will pick up in the second half of the year, we are cutting our full... 31st July 2024 · 2 mins read
Africa Economics Update Weak demand holding back S. Africa’s economy The fading drag from load-shedding was widely expected to allow a recovery in South Africa’s economy this year, but this hasn’t materialised. We think that weak demand is to blame, itself a symptom of... 31st July 2024 · 4 mins read
Middle East & North Africa Rapid Response Saudi Arabia GDP (Q2 ‘24 Flash Estimate) Saudi Arabia’s flash estimate of GDP showed that that the economy grew by a solid 1.4% q/q in Q2 and, while non-oil activity is likely to slow over the second half of this year, it will be more than... 31st July 2024 · 2 mins read
RBA Watch RBA to stay put as narrow path remains viable The Reserve Bank of Australia is likely to leave policy settings unchanged when it meets next week. Although there has been little progress on disinflation in recent months, the Board is likely to pin... 31st July 2024 · 7 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices & Retail Sales (Q2) 31st July 2024 · 2 mins read
China Rapid Response China PMIs (Jul. 2024) The PMIs for July suggest that China’s economy weakened further last month, as domestic weakness continues to weigh on the economy. But the government now seems intent on ramping up policy support... 31st July 2024 · 3 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (June 24) 31st July 2024 · 2 mins read
China Activity Monitor CAP: Growth faltering as domestic weakness persists Our China Activity Proxy suggests that the economy has lost some steam recently with weak domestic demand weighing on activity. Alongside recent rate cuts, policymakers have signalled that fiscal... 30th July 2024 · 4 mins read
Emerging Europe Rapid Response Economic Sentiment Indicators (Jul.) The European Commission's Economic Sentiment Indicators for Central and Eastern Europe generally fell in July, and our regional-weighted measure hit a five-month low, providing additional evidence... 30th July 2024 · 2 mins read
Europe Rapid Response Euro-zone GDP (Q2) & EC Survey (July) The euro-zone’s recovery continued at a moderate pace in Q2 and it should get a small boost from the Paris Olympics in Q3. But the bigger picture is that the timeliest surveys are fairly weak and we... 30th July 2024 · 2 mins read
Latin America Rapid Response Mexico GDP (Q2 Provisional) The weaker-than-expected 0.2% q/q expansion in Mexico’s economy in Q2 means that Banxico is likely to resume its easing cycle at next week’s Board meeting with a 25bp cut to 10.75%. 30th July 2024 · 2 mins read
Europe Rapid Response Euro-zone National-level GDP (Q2 2024) National-level data released so far suggests that euro-zone GDP growth slowed to 0.2% q/q in Q2 and the weakening of the surveys in July suggests GDP growth may have eased further this quarter. 30th July 2024 · 1 min read
Emerging Europe Rapid Response Hungary & Czechia GDP (Q2) The weaker-than-expected Q2 GDP data out of Czechia and Hungary show that weak external demand is still acting as a constraint on the speed of recoveries in Central Europe. While we expect growth to... 30th July 2024 · 2 mins read
Europe Economics Update High household saving rate unlikely to plummet Tight monetary policy and low consumer confidence have pushed the euro-zone’s household saving rate up to unusually high levels. While interest rates are set to keep falling and confidence might... 29th July 2024 · 3 mins read
