Japan Economics Weekly Is the weaker yen doing more harm than good? The weaker yen hasn’t resulted in the hoped-for improvement in export competitiveness. It has boosted corporate profits, but the pass-through to business investment has been weaker than usual... 10th October 2014 · 1 min read
Emerging Markets Economics Chart Pack EM industry still struggling Industrial production (IP) growth in the emerging world is very weak. In aggregate terms, EM output grew by just 2.0% y/y in August – the slowest rate of growth since the global financial crisis. The... 10th October 2014 · 1 min read
Middle East & North Africa Economics Update Tunisian elections may prove to be the spur for reform Upcoming elections in Tunisia are another important step along the country’s long and bumpy path to democracy. If the elections pass smoothly, as seems likely, this should at the very least provide a... 8th October 2014 · 1 min read
Japan Data Response Current Account (Aug.) The current account surplus rebounded in August, and may rise a touch further in coming months as a result of the fall of the yen against the dollar. 8th October 2014 · 1 min read
Asia Economics Update Rates in Indonesia to remain on hold for a while yet Today’s decision by Bank Indonesia (BI) to leave interest rates on hold despite the slowing economy reflects continued unease over the size of the current account deficit. With the deficit likely to... 7th October 2014 · 1 min read
Emerging Europe Economics Update The ruble’s decline and what it means for Russia The steep fall in the ruble over the past month will affect different parts of the economy in different ways. The government is likely to be one of the major winners. By contrast, consumers are likely... 7th October 2014 · 1 min read
Canada Data Response International Merchandise Trade (Aug.) Canada's roller-coaster export performance continued in August, with exports tumbling after strong gains in the previous months. Even so, the export recovery still looks broadly intact. Indeed, a... 3rd October 2014 · 1 min read
UK Economics Weekly Is the recovery running out of steam? The sharp decline in the manufacturing PMI and smaller fall in the services PMI in September has led some to question the durability of the UK’s economic recovery. There is little reason to be worried... 3rd October 2014 · 1 min read
US Data Response Employment Report (Sep.) & Int. Trade (Aug.) September’s strong Employment Report and August’s decent international trade release have increased the chances that the Fed will raise interest rates next March, as we have been forecasting for some... 3rd October 2014 · 1 min read
UK Economics Chart Pack Recovery aggravates existing imbalances While the economic recovery seems to have broadly maintained its strong pace in the third quarter, the latest national accounts contained signs that the recovery has exacerbated some of the economy’s... 3rd October 2014 · 1 min read
Europe Economics Update Why haven’t euro-zone exports recovered more strongly? The persistent weakness of euro-zone exports seems to have reflected the high level of the euro, tradelinks with Emerging Europe and cost and regulatory pressures on the region’s exporters. While... 3rd October 2014 · 1 min read
Africa Economics Update Effect of slowdown in China to differ across Africa Stronger trade and investment links mean that Sub-Saharan Africa’s economy as a whole is more exposed to China’s than ever before. We forecast China’s economic growth to slow over the next few years... 3rd October 2014 · 1 min read
Middle East & North Africa Economics Update Egypt’s economy shifts up a gear 30th September 2014 · 1 min read
Asia Economics Update Aussie and Kiwi dollars lead Asia’s currency sell-off Asia’s financial markets performed poorly in September, largely reflecting concerns about the outlook for US monetary policy. The New Zealand and Australian dollars were the worst performers, but... 30th September 2014 · 1 min read
UK Data Response National Accounts & Balance of Payments (Q2) The significant revisions to the UK’s national accounts have not changed the fundamental picture that the economy’s performance since the recession began in 2008 has been very weak by historical and... 30th September 2014 · 1 min read
Africa Chart Pack South Africa comes back into the firing line The South African rand has come under pressure this month as renewed attention on monetary tightening in the US has put the country’s large current account deficit back into the spotlight. The latest... 29th September 2014 · 1 min read
