Middle East & North Africa Chart Pack Weak balance sheets come under the spotlight Balance sheets in the largest MENA economies have received a lot of attention over the past couple of years, but more recently there has been increasing scrutiny of those in some of the region’s... 19th September 2018 · 1 min read
Global Markets Update Trade may trump rates as a driver of the US dollar Judging by what has happened in recent months, President Trump’s attitude to global trade could remain a more important driver of the US dollar than the prospects for monetary policy in the US and... 19th September 2018 · 1 min read
Japan Data Response External Trade (Aug.) Import volumes seem to have outpaced export volumes yet again in August which supports our view that net trade remained a drag on Q3 GDP growth. 19th September 2018 · 1 min read
Global Economics Update Taking stock of the new tariffs With a further $200bn of US tariffs now confirmed, and China reiterating that it will retaliate with tariffs of its own, we take stock in this short note of where China stands in the trade war. 18th September 2018 · 1 min read
China Economics Update Taking stock of the new tariffs With a further $200bn of US tariffs now confirmed, and China reiterating that it will retaliate with tariffs of its own, we take stock in this short note of where China stands in the trade war. 18th September 2018 · 1 min read
Emerging Markets Trade Monitor EM exports: Weakness ahead EM exports have shrugged off trade tensions in recent months, but US tariffs due to take effect later this month will add to headwinds. Softer commodity prices and weaker global growth will also weigh... 18th September 2018 · 1 min read
Asia Economics Update The winners and losers from the latest tariffs on China US plans to impose tariffs on an additional $200bn of Chinese imports are unlikely to have a significant impact on most economies in Emerging Asia, including China. Over the long term there could even... 18th September 2018 · 1 min read
Africa Economics Update Rwanda: Growth will fall short of ambitious targets Rwanda’s investment-focused and state-managed development model is delivering rapid growth and we expect the country to remain one of Africa’s fastest-growing economies. However, the government is... 18th September 2018 · 1 min read
China Chart Pack Trade war set to escalate The US appears to be on the verge of expanding its tariffs to cover a total of $250bn of Chinese goods, the production of which generates 1.3% of China’s GDP. The proposed $200bn tariff list includes... 17th September 2018 · 1 min read
US Chart Pack Stronger dollar will hold back exports The economy remains strong, with the fiscal stimulus still providing a big boost but, looking beyond headline GDP growth, there are signs that rising interest rates and the resurgent dollar are... 17th September 2018 · 1 min read
Canada Economics Weekly NAFTA talks drag on; housing remains vulnerable The NAFTA negotiations between Canada and the US rumbled on this week, with few signs of a breakthrough during what Foreign Affairs Minister Chrystia Freeland described as a “continuous negotiation”... 14th September 2018 · 1 min read
Asia Economics Weekly Peso plunges, Korea’s labour market woes continue A widening trade deficit in the Philippines has put renewed downward pressure on the peso over the past week, creating a further headache for the central bank. Meanwhile, in Korea, the recent weakness... 14th September 2018 · 1 min read
Europe Data Response Euro-zone Labour Costs (Q2) & Goods Trade (Jul.) The pick-up in euro-zone wage growth in Q2 adds to signs that inflationary pressures in the region are building. This will encourage the ECB that it is right to be normalising monetary policy. But... 14th September 2018 · 1 min read
China Economics Weekly China settling in for long haul on trade Both sides in the US-China trade dispute have struck a more conciliatory tone in recent days. The White House has proposed renewed high-level talks. Meanwhile, Chinese officials are rowing back... 14th September 2018 · 1 min read
Japan Economics Weekly Japanese exporters back in the firing line Recent comments by President Trump suggest that he may target Japan next in his efforts to reduce the US trade deficit. Trump may want Japan to increase pressure on China to end unfair trading... 14th September 2018 · 1 min read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Aug.) Last month’s currency crises in Turkey and Argentina triggered broad-based weakness in EM financial markets, but our Capital Flows Tracker suggests that aggregate outflows were relatively modest. 13th September 2018 · 1 min read
