China Economics Update Trade data add to evidence of renewed pick-up in investment The rebound in both China’s exports and imports in July was bigger than most had expected. On the export side, there are signs that foreign demand is recovering.Meanwhile, the import data provide... 8th August 2013 · 1 min read
Canada Chart Pack Canada's sluggish export 'led' recovery Canada's export growth slowed to around 2.0% annualised in the second quarter, from just over 6.0% in the first quarter, which would seem to refute hopes of an export-led pick-up in economic growth... 7th August 2013 · 1 min read
Canada Data Response International Merchandise Trade (Jun.) June's 1.5% m/m rebound in export volumes and further contraction in imports are further evidence that the economy lost momentum in the second quarter. This supports our view that the economy grew by... 6th August 2013 · 1 min read
US Data Response International Trade (Jun.) The unexpectedly severe narrowing in the monthly external trade deficit to a near four-year low of $34.2bn in June, from $44.1bn, suggests that second quarter GDP growth was significantly stronger... 6th August 2013 · 1 min read
Emerging Markets Economics Update EMs likely to tread carefully with energy subsidy reform High global energy prices have contributed to rising subsidy spending across much of the emerging world. Some EMs have already started to cut back on subsidies. But fears of inflation and civil unrest... 6th August 2013 · 1 min read
Japan Chart Pack Recovery entering a slower phase Japan’s economy likely continued to grow at a solid pace in the second quarter of the year, even though the recent wide divergence between various measures of consumer spending raises question marks... 6th August 2013 · 1 min read
Canada Economics Weekly Manufacturers' struggles likely to persist Canadian manufacturing production is being hampered by sluggish foreign demand and, to a lesser extent, moderating domestic demand. While gradually improving US demand is providing much needed support... 5th August 2013 · 1 min read
Global Trade Monitor World trade remains weak The latest data show that world trade was lacklustre in both May and June, and surveys suggest that there will not be a big improvement any time soon. Meanwhile, the major regional trade negotiations... 25th July 2013 · 1 min read
Middle East & North Africa Chart Pack Egypt in turmoil (again) Egypt’s “second revolution” has made the outlook for the Arab world’s most populous nation highly uncertain. The economy is already extremely fragile – growth is sluggish, unemployment is high and the... 24th July 2013 · 1 min read
Japan Data Response Weaker exchange rate failing to boost competitiveness The first June trade deficit in more than 30 years shows that the slump in the yen has had little impact on Japan’s competitiveness. With exporters declining to cut prices to boost volumes and global... 24th July 2013 · 1 min read
US Chart Pack Employment gains mean that QE3 tapering still on track Even as estimates for second-quarter GDP growth have been revised lower in response to the disappointing incoming news on activity, the continued resilience of monthly employment gains has persuaded... 23rd July 2013 · 1 min read
Japan Economics Update Trans-Pacific Partnership talks to test PM Abe’s resolve Japan’s formal entry into negotiations on the Trans-Pacific Partnership (TPP) today is only the first step on a long road. Indeed, the talks are likely to drag on well into next year, and perhaps... 23rd July 2013 · 1 min read
Latin America Economics Update Revamped SICAD won’t save Venezuela The re-launch of foreign exchange auctions in Venezuela, coupled with an increase in the public debt ceiling, is unlikely to solve the country’s dollar drought. We continue to think that GDP will... 22nd July 2013 · 1 min read
Asia Economics Weekly Asia’s export weakness to continue Exports from Emerging Asia remain lacklustre and continue to hold back the region’s growth. As this Weekly explains, a strong and sustained export recovery is unlikely anytime soon. 22nd July 2013 · 1 min read
Middle East & North Africa Economics Update Gulf aid not a long-term solution to Egypt’s problems The aid that Gulf states have granted to Egypt since the ousting of President Morsi should be sufficient to cover the country’s external financing requirement for almost a year. Accordingly, the... 16th July 2013 · 1 min read
Canada Economics Weekly Canada should weather China's slowdown Canada should weather China's economic slowdown relatively well, with fairly minor consequences for economic growth. Since China represents a fairly small share of Canada's total exports, any slowdown... 15th July 2013 · 1 min read
