Asia Economics Focus Why has Thailand’s export growth been so weak? Thailand has struggled with disappointing export growth over the past couple of years, with subdued global demand and real exchange rate appreciation only telling part of the story. Other factors such... 8th July 2015 · 1 min read
Japan Data Response Current Account (May) The current account surplus jumped in May, but we think it will fall again in coming months. 8th July 2015 · 1 min read
Canada Data Response International Merchandise Trade (May) The unexpected widening of the trade deficit in May is further evidence that, after contracting in the first quarter, the economy probably shrank further in the second quarter. In other words, Canada... 7th July 2015 · 1 min read
US Data Response International Trade (May) The modest rebound in the monthly trade deficit to $41.9bn in May, from $40.7bn, means that net exports are on track to be a very small drag on overall second-quarter GDP growth, which we still think... 7th July 2015 · 1 min read
Europe Economics Update Swedish exports to struggle despite weaker krona Sweden’s exporters are finally starting to feel the benefits of the krona’s decline over the past couple of years. But firms’ desire to widen profit margins, weak global demand and uncertainty about... 7th July 2015 · 1 min read
China Economics Focus China’s impact on the world Structural changes in China’s economy are transforming its economic relationship with the rest of the world, as domestic demand shifts from investment to consumption, outbound tourism surges and the... 7th July 2015 · 1 min read
Nordic & Swiss Economics Update Swedish exports to struggle despite weaker krona Sweden’s exporters are finally starting to feel the benefits of the krona’s decline over the past couple of years. But firms’ desire to widen profit margins, weak global demand and uncertainty about... 7th July 2015 · 1 min read
Global Economics Chart Pack Greek crisis a sideshow for world economy The global economy is likely to expand at a decent pace in the second half ofthe year, despite escalating tensions in Greece and the recent gyrations in China’s equity market. Business surveys have... 3rd July 2015 · 1 min read
UK Economics Weekly Budget to leave economy still facing big fiscal squeeze As far as the UK is concerned, the main point to take from last week’s Greek developments wasthat there are still limited signs of contagion to the rest of the euro-zone. So far, so not-too-badthen... 3rd July 2015 · 1 min read
Europe Economics Weekly Nai or Oxi? Sunday’s Greek referendum result looks likely to be very close. But regardless of whether the outcome is Nai or Oxi, unless any resulting deal includes a substantial form of debt relief, the crisis... 3rd July 2015 · 1 min read
UK Economics Chart Pack Recovery in real wages looks sustainable The latest labour market data provided further evidence that the recovery in wages now has momentum. Indeed, the headline (three-month average of the annual) growth rate in average weekly earnings... 3rd July 2015 · 1 min read
Australia & New Zealand Economics Weekly Wider Australian trade deficit not that bad for Q2 GDP Since most of the recent sharp widening in Australia’s trade deficit is because commodity prices have reduced export values rather than due to outright falls in export volumes, net trade probably... 3rd July 2015 · 1 min read
India Economics Update Market stability highlights improvement in external position Indian markets have been stable over the past few days, even in comparison to the muted reaction in global market to events in Greece. Looking ahead, even if the worsening situation there causes... 2nd July 2015 · 1 min read
Middle East & North Africa Economics Update Saudi external position deteriorating even before drop in oil prices The plunge in oil prices over the past year has forced Saudi Arabia to dip into its foreign exchange reserves, but one point that is often overlooked is that the Kingdom’s external position had been... 2nd July 2015 · 1 min read
Energy Data Response US Weekly Petroleum Status Report US stocks of oil unexpectedly rose last week after eight consecutive weeks of falls. However, stocks of gasoline resumed their downward trend. 1st July 2015 · 1 min read
Europe Chart Pack Contagion from Greece limited for now Greece’s crisis escalated further in June, culminating in a default to the IMF, the imposition of capital controls and the expiry of the second bailout programme. In response, Greek 10 year government... 1st July 2015 · 1 min read
