We are sceptical that India will fully curtail its oil imports from Russia as part of the US-India trade deal announced this week, but even a partial scaling back of purchases could add to strains in...

The latest data out of Turkey have reinforced our view that the rebalancing process is becoming more challenging. At the heart of the problem is excessively strong domestic demand and the tension...

The manufacturing PMIs out of Emerging Europe all came in below 50 which suggests that industrial sectors across the region started the year on the back foot. We think that demand conditions in...

Reports this week suggest the US has made the offer of security guarantees for Ukraine conditional on territorial concessions to Russia. The macro implications will depend on how credible those...