India Chart Pack Cautious optimism as 2020 ends COVID-19 has ravaged India’s economy in 2020, and GDP is all but certain to have suffered its largest slump on record this year. But there are reasons for optimism as the year draws to a close... 23rd December 2020 · 9 mins read
Commodities Focus The impact of China’s trade restrictions on Australia We estimate that the exports of goods and services that are already facing restrictions by China contribute around 1.8% to Australia’s GDP. While we still expect iron ore and liquefied natural gas... 23rd December 2020 · 13 mins read
Australia & New Zealand Economics Focus The impact of China’s trade restrictions on Australia We estimate that the exports of goods and services that are already facing restrictions by China contribute around 1.8% to Australia’s GDP. While we still expect iron ore and liquefied natural gas... 23rd December 2020 · 13 mins read
UK Data Response Public Finances (Nov.) November’s surge in borrowing is unlikely to be reversed much over the next few months as the ongoing COVID-19 restrictions keep many businesses closed. This will only increase talk of how to pay for... 22nd December 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 20th Dec.) Korean exports remain remarkably strong, despite renewed waves of the virus at home and abroad, and we expect this to continue over the coming months. 21st December 2020 · 2 mins read
Australia & New Zealand Economics Weekly Trade tensions start to undermine coal exports Australia’s coal shipments to China have fallen sharply in recent months as trade tensions have continued to escalate. While we still expect iron ore and liquefied natural gas exports to be spared, we... 18th December 2020 · 6 mins read
Nordic & Swiss Economics Update SNB to stick to course, despite ‘manipulator’ label This morning’s decision by the Swiss National Bank to keep its policy settings unchanged was pretty much a foregone conclusion. Looking ahead, the SNB will brush off being branded a ‘currency... 17th December 2020 · 3 mins read
Japan Chart Pack Go To Travel suspension will weigh on consumption PM Suga’s decision on Tuesday to halt the Go To Travel campaign for two weeks from 28th December may put the recovery in services spending into temporary reverse. It comes after authorities in Tokyo... 17th December 2020 · 10 mins read
India Economics Update Trade deficit set to widen further India’s goods trade deficit widened again in November and is set to reach its pre-pandemic levels over the coming months, especially given recent positive developments on a COVID-19 vaccine. But we... 16th December 2020 · 2 mins read
Japan Data Response Japan External Trade (Nov. 2020) While export values edged down again in November, they should rise above pre-virus levels. That said, due to the weakness in services exports, overall exports won’t return to pre-virus levels until... 16th December 2020 · 2 mins read
US Economics Update State & local budget hit not as bad as feared The relative resilience of state & local government tax revenues during the pandemic means that the overall budget shortfalls facing those governments are likely to be smaller than many had feared... 14th December 2020 · 4 mins read
Asia Data Response Korea Trade (1st – 10th Dec.) Korean exports were buoyant in the first ten days of December, with no sign that renewed waves of the virus are weighing on external demand. We expect exports to remain strong in the coming months. 11th December 2020 · 2 mins read
Europe Economics Update How the vaccine will affect Greece’s economy The recent tightening in coronavirus restrictions means that Greece’s recovery will shift into reverse in Q4 and the start of 2021 is also likely to be weak. However, the rollout of a vaccine by mid... 9th December 2020 · 4 mins read
UK Economics Focus Tightening fiscal policy soon would be fiscal folly At some point, there may need to be a fiscal squeeze to pay for any lasting increase in spending caused by the COVID-19 crisis and increases in age-related spending. But the biggest danger is that... 8th December 2020 · 18 mins read
Commodities Update China’s commodity imports to remain resilient China’s commodity import volumes should hold up well in the coming months in part because ongoing fiscal support should continue to boost domestic demand. 7th December 2020 · 2 mins read
China Data Response China Trade (Nov.) Exports jumped last month largely due to a surge in consumer goods exports as renewed COVID-19 flare-ups kept consumption in many of China’s trading partners skewed towards goods rather than services... 7th December 2020 · 2 mins read
