Latin America Chart Pack High inflation fuels strikes and protests High inflation seems to be causing growing unrest in the region, which threatens to be economically disruptive and raise fiscal concerns. Recent protests in Ecuador have hit its oil sector hard, while... 28th June 2022 · 14 mins read
China Chart Pack Domestic weakness frees up ports for exports The Omicron virus wave in China appears to have eased global shipping bottlenecks rather than worsened them as many had feared. Firms were able to re-route shipments through other ports to avoid... 28th June 2022 · 12 mins read
Asia Chart Pack Thai economy to receive tourism boost After more than two years in the doldrums, Thailand’s tourism sector is finally showing signs of life. Arrivals in May reached 520,000 – a 77% increase from the previous month and 19% of the level... 27th June 2022 · 14 mins read
India Economics Weekly Bullion bonds are back In response to the surge in gold imports to meet demand for a hedge against inflation, the government is relaunching the Sovereign Gold Bond Scheme, first introduced in 2015. By making it more... 24th June 2022 · 5 mins read
Middle East & North Africa Chart Pack Region’s financial markets routed Risk-off sentiment and the sell-off in EM financial markets have hit the Middle East and North Africa hard. Having been the top regional performer earlier in the year, the MSCI Arabian Markets Index... 24th June 2022 · 13 mins read
US Chart Pack Recession fears overdone The surge in interest rates, plunge in the stock market and weakness of consumer confidence have fuelled fears of an impending recession, but there is still little sign of that in the incoming... 23rd June 2022 · 8 mins read
Emerging Markets Economics Chart Pack High inflation to keep central banks in tightening mode Having surged in recent months, there are some tentative signs that EM inflation is nearing a peak. Our measure of aggregate EM inflation was steady at 7.0% y/y between April and May and some... 23rd June 2022 · 9 mins read
India Chart Pack FX intervention from a position of strength The rupee has held up better than most EM currencies this month and the recent drop in FX reserves strongly indicates that this is in part because the RBI has once again ramped up its FX interventions... 22nd June 2022 · 9 mins read
Africa Economics Weekly Tighter global financing conditions, Zambia’s debt African financial markets are not insulated from the tightening of global external financing conditions, and recent currency weakness and rising sovereign bond yields in the region will only add to... 17th June 2022 · 6 mins read
Emerging Europe Economics Weekly Hawkish Fed adds to growing external risks The 75bp interest rate hike by the US Fed this week and expectations for further large hikes in the coming months will have ripple effects across the region. It is likely that Hungary's central bank... 17th June 2022 · 7 mins read
India Economics Update Wider trade deficit to persist India’s goods trade deficit didn’t widen in the immediate aftermath of Russia’s invasion of Ukraine – rather counter-intuitively for a major commodity importer. But that has now started to happen, and... 16th June 2022 · 4 mins read
Emerging Europe Economics Update Key questions on capital controls in Turkey The recent falls in the Turkish lira have led to increased speculation that, with the CBRT showing no sign of willingness to raise interest rates, policymakers will be forced to turn to capital... 16th June 2022 · 6 mins read
Global Economics Chart Pack Weak Q2 may be a sign of things to come Global economic activity might have contracted slightly in Q2, which would be the weakest outcome in recent history aside from the height of the pandemic and the Global Financial Crisis. Part of the... 15th June 2022 · 13 mins read
Latin America Economics Update Chile’s current account deficit flashing red Chile is likely to run a current account deficit of 7% of GDP this year, the widest since 1985. Worryingly, this deficit is being increasingly funded by volatile portfolio inflows, making the economy... 13th June 2022 · 3 mins read
Africa Economics Weekly Uninspiring politics in Nigeria, SA’s external position Nigeria’s two main political parties have selected presidential contenders, setting the scene for a long campaign season ahead of elections in early 2023. Lots can happen until then, but with more... 10th June 2022 · 6 mins read
Emerging Europe Economics Weekly Lira on shaky ground, Russia dropping capital controls The Turkish lira remained under pressure this week and the raft of policy measures announced on Thursday show that officials are doing whatever they can to avoid interest rate hikes. Capital controls... 10th June 2022 · 6 mins read
