Middle East & North Africa Economics Update Morocco’s wider current account deficit not a cause for alarm A large chunk of the recent widening of Morocco’s current account deficit to around 5% of the GDP can be explained by a one-off jumps in import, mainly related to the expansion of capacity in the... 28th July 2017 · 1 min read
Asia Data Response Taiwan GDP (Q2 Advanced) Taiwan’s economy slowed in Q2 but with global demand set to remain healthy and policy supportive, we expect growth to rebound in the second half of the year. 28th July 2017 · 1 min read
Australia & New Zealand Economics Weekly Is inflation really just 1.9%? Most people are right to believe that their inflation rate is not 1.9% as the official ABS data show. As different people spend different shares of their income on different items than the ABS assumes... 28th July 2017 · 1 min read
Africa Chart Pack Major economies rebound, policy easing gains pace The latest data support our view that the recoveries in Sub-Saharan Africa’s big three economies will be stronger than most expect. Activity data in Nigeria, South Africa, and Angola all suggest that... 27th July 2017 · 1 min read
Latin America Chart Pack Regional inflation hits seven-year low Inflation has continued to fall across Latin America – our measure of regional inflation (excluding Argentina and Venezuela) dropped below 4% y/y for the first time since 2010 last month. This is due... 26th July 2017 · 1 min read
Emerging Europe Chart Pack Central Europe: inflation eases, but not for long The scale of the decline in inflation in Central Europe over the past month has taken many by surprise and reinforced expectations in the financial markets that monetary policy will remain very loose... 26th July 2017 · 1 min read
Global Trade Monitor World trade rebound in May bodes well for Q2 The latest CPB data add to evidence that April’s large drop in global trade volumes was a one-off – not the start of a marked downturn. Indeed, the signs are that world trade expanded fairly strongly... 25th July 2017 · 1 min read
Emerging Markets Economics Chart Pack EM consumers bouncing back EM retail sales growth picked up for a third consecutive month in May and is now running at a 12-month high. What’s more, the improvement has been widespread across different EM regions. In Russia and... 24th July 2017 · 1 min read
China Economics Update Capital Flows Monitor (Jun.) Net capital outflows from China were broadly unchanged in June as greater inflows from foreign investors helped to offset increased outflows due to Chinese investment overseas, including in Belt &... 21st July 2017 · 1 min read
Middle East & North Africa Chart Pack Worst fears over Qatar crisis fade Diplomatic efforts have failed to bring an end to the stand-off between Qatar and the so-called Anti-Terror Quartet (Saudi Arabia, UAE, Egypt and Bahrain). Encouragingly, though, there are signs that... 21st July 2017 · 1 min read
Australia & New Zealand Economics Weekly Meteoric rise in the dollar will soon run out of fizz The recent rise in the Australian dollar to a two-and-a-half year high of just under US$0.80 has been meteoric. But while the dollar may orbit around that level for a bit, we don't think it will be... 21st July 2017 · 1 min read
India Chart Pack BJP laying the groundwork for 2019 The result of India’s presidential election is due to be announced later today. It won’t have direct implications for the economy since the role of president is largely ceremonial. But the result... 20th July 2017 · 1 min read
Japan Data Response External trade (Jun.) Export volumes probably fell slightly in Q2 while import volumes rose sharply so net trade turned into a drag on GDP growth. However, strong gains in industrial production still point to another solid... 20th July 2017 · 1 min read
UK Economic Outlook Trade and investment to pick up the baton Consumer spending growth looks set to slow further this year as the real pay squeeze intensifies. But this should be offset by a stronger contribution from net trade and investment. There is a risk... 19th July 2017 · 1 min read
Latin America Economics Update Venezuela vote changes little, balance of payments strains intensify Yesterday’s referendum organised by Venezuela’s opposition-controlled National Assembly delivered a resounding defeat to the government, but the vote was unofficial and changes little in practice... 17th July 2017 · 1 min read
Middle East & North Africa Economics Update What explains the continued slide in Saudi Arabia’s FX reserves? Saudi Arabia’s official foreign exchange reserves have continued to decline sharply, despite the marked improvement in the current account position over the past year or so. This has raised concerns... 17th July 2017 · 1 min read
