While the latest PMIs suggest that global industry started Q4 on a slightly better footing, the outlook for the manufacturing sector remains poor, especially in advanced economies. Meanwhile, although...

The smaller-than-expected fall in Turkish inflation in October, to 48.6% y/y, is likely to dash any remaining hopes that a monetary easing cycle will start this year. The risks now seem skewed towards...

South Africa’s Medium-Term Budget Policy Statement (MTBPS) unveiled this week was positioned as a pro-growth budget, but the reality is that the government is sticking to a tight fiscal stance...

The stronger-than-expected euro-zone GDP and inflation data released this week, as well as some comments by ECB policymakers, poured some cold water on expectations that the ECB might accelerate the...