Australia & New Zealand Chart Pack Economies coming roaring back Restrictions on activity have lifted in both countries. While some states in Australia still limit the size of groups and capacity at restaurants, New Zealand has now lifted all domestic restrictions... 30th June 2020 · 10 mins read
UK Data Response Quarterly National Accounts & Balance of Payments (Q1) The 2.2% q/q drop in GDP in Q1 2020 was the joint largest fall since 1979 and sets the stage for an unprecedented 15-20% fall in Q2, despite evidence that the economy rebounded in May and June. 30th June 2020 · 2 mins read
Global Trade Monitor Sharpest monthly contraction in world trade on record April’s world trade data confirmed that coronavirus restrictions have taken a very heavy toll on trade flows. But the damage has been slightly less severe than we had feared and more timely data from... 25th June 2020 · 4 mins read
Australia & New Zealand Economics Update A look at Australia’s corporate balance sheets We estimate that the revenues of firms in most sectors were still too low in mid-June to generate profits. If those conditions persisted, nearly one-third of firms would run out of cash by the end of... 25th June 2020 · 4 mins read
India Chart Pack Financial conditions ease but headwinds remain After tightening dramatically in March following the outbreak of the coronavirus, our proprietary index shows that financial conditions in India have eased substantially over the past couple of months... 24th June 2020 · 9 mins read
Asia Data Response Korea Trade (1st – 20th June) Korean trade data for the first 20 days of June suggest that the slump in exports is probably past the worse. But the recovery in external demand in the quarters ahead is likely to be a protracted one... 22nd June 2020 · 2 mins read
India Economics Weekly Sino-Indian relations worsen, local lockdowns loom We can only hope that border tensions between India and China ease soon and there is no direct economic impact. But there may be indirect consequences. A further push back against Chinese investment... 19th June 2020 · 3 mins read
Emerging Markets Trade Monitor Three key points on the latest export data EM goods exports have slumped during the coronavirus crisis but perhaps by less than might have been expected. Indeed, shipments from parts of Asia appear to have been boosted by a surge in demand for... 18th June 2020 · 4 mins read
Asia Data Response Singapore Trade (May) The strength of the pharmaceutical and electronics sectors has helped Singaporean exports to outperform and is one reason why we are revising up our GDP growth forecast for 2020 from -8.0%, to -6.0%. 17th June 2020 · 2 mins read
Japan Data Response External Trade (May) Import values fell much more than export values in May but that was mostly due to lower crude oil prices. Across Q2, net trade provided a sizeable drag on GDP growth. However, conditions should... 17th June 2020 · 2 mins read
India Economics Update Trade data provide cold comfort The slight easing in the y/y contraction in goods exports and imports in May supports evidence from elsewhere that the worst has now passed for the economy. But both remain extremely weak, and a sharp... 16th June 2020 · 2 mins read
UK Data Response Monthly GDP & International Trade (Apr.) At its peak in April the lockdown reduced economic output by 25%, making the coronavirus crisis by far the deepest recession on record. The peak-to-trough fall in GDP was 7% in both the Global... 12th June 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 10th June) Korean trade data for the first ten days of June suggest that the external environment improved slightly at the start of last month. We suspect this will mark the start of a long and slow recovery. 11th June 2020 · 2 mins read
China Data Response Trade (May) Export growth turned negative last month as lockdowns abroad weighted on global demand. And the ongoing domestic recovery failed to keep import growth from slipping further. A global recovery and... 8th June 2020 · 2 mins read
US Data Response International Trade (Apr.) The international trade deficit widened to $49.4bn in April, from $42.3bn, as exports slumped by a massive 20.5% m/m, outpacing a 13.7% m/m decline in imports. 4th June 2020 · 2 mins read
International Trade (Apr.) Exports and imports should start to rise in May following the record slumps in April but, with export orders still weak and the rail freight data showing further declines, the recovery looks set to be... 4th June 2020 · 2 mins read
