Japan Data Response External trade (Apr.) The trade balance returned to deficit in April and will likely remain in the red in coming months. 25th May 2015 · 1 min read
Emerging Markets Economics Chart Pack Q1 GDP data confirm EM downturn Most emerging economies have made a weak start to the year. The Q1 GDP data released so far point to a slowdown in aggregate EM economic growth and early activity data for April suggest that this has... 22nd May 2015 · 1 min read
Global Trade Monitor Slowdown in world trade growth not as bad as it looks The sharp slowdown in trade growth since the start of the year partly reflects the weakening in the world economy in the first quarter. However, trade has also been depressed by a series of temporary... 22nd May 2015 · 1 min read
US Economics Weekly Surge in trade deficit will soon be reversed This week we expect to learn that, rather than edging up by 0.2% annualised as the first estimate indicated, first-quarter GDP contracted by 0.7%. The principal reason for the revision is that net... 22nd May 2015 · 1 min read
Europe Economics Weekly Stronger German recovery depends on export revival Last week’s data gave mixed signals about Germany. On the one hand, the second GDP release showed that Q1’s slowdown belied a strong domestic economy and May’s Ifo survey pointed to a pick-up in... 22nd May 2015 · 1 min read
DM Valuations Monitor Will the yen remain undervalued? On several metrics, the yen appears to be the most undervalued major developed market currency: on a purchasing power parity basis and when its real effective exchange rate (REER) is compared to both... 22nd May 2015 · 1 min read
Asia Economics Weekly Chinese tourists to the rescue? A surge in spending by Chinese tourists across Emerging Asia is helping to compensate for a fall in the region’s goods exports to China. Spending by Chinese tourists should continue to grow at a rapid... 22nd May 2015 · 1 min read
China Chart Pack Property to remain a drag despite stronger sales Growth in property sales returned to positive territory for the first time in over ayear last month, helped by lower mortgage rates and a loosening of purchasecontrols. But hopes that this marks the... 22nd May 2015 · 1 min read
Japan Economics Weekly Boost from net exports to fade next year There are increasing signs that the weak yen is finally curbing demand for imported goods, but the trade deficit should nonetheless widen again next year as consumers bring forward spending ahead of... 22nd May 2015 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (May.) China’s flash PMI remains subdued. Nonetheless, the index's first improvement since February suggests that policymakers' efforts to shore up activity may finally be having the intended effect. 21st May 2015 · 1 min read
Emerging Europe Economics Update Turkish MPC underplays inflation and current account concerns The press release accompanying today’s Turkish MPC meeting, at which interest rates were left unchanged, suggests that policymakers are increasingly concerned about the inflation outlook. But we still... 20th May 2015 · 1 min read
Emerging Markets Trade Monitor EM exports raise questions over global demand Several factors help explain why the dollar value of exports from emerging markets fell sharply in March, including lower commodity prices, the strength of the US dollar and distortions in China’s... 19th May 2015 · 1 min read
Europe Data Response Euro-zone Trade (Mar.) & Consumer Prices (Apr.) March’s euro-zone trade data suggest that the weakness of the euro has still had little impact on net exports, and therefore provided only modest support to the recovery. 19th May 2015 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q1) First quarter GDP and balance of payments data from Chile add to evidence that the economy is on the mend. Not only did quarterly GDP growth accelerate but the current account also registered a... 18th May 2015 · 1 min read
Global Economics Focus Is globalisation dead? The past four years have seen the slowest pace of global economic integration since the Second World War. With trade talks stalled and most parts of the world already integrated into the global... 18th May 2015 · 1 min read
India Economics Update Two years after the taper tantrum: how does India fare now? Two years ago this month the rupee entered a prolonged plunge against the US dollar amid the “taper tantrum”, eventually falling to an all-time low. But in the event of external financing conditions... 18th May 2015 · 1 min read
