US Economics Weekly Protectionism seen as a vote winner by both parties In a campaign stop at a union headquarters this week, President Joe Biden called for a tripling of the tariffs on steel imports from China to 25%, from the current 7.5% rate, originally introduced by... 19th April 2024 · 6 mins read
Japan Economics Weekly Why Japan intervenes in foreign exchange markets Foreign exchange interventions by the Bank of Japan have become rare and the further weakening of the yen in recent weeks has yet to trigger one. While there are some arguments in favour of using FX... 19th April 2024 · 4 mins read
Middle East & North Africa Economics Weekly Iran-Israel tensions, Gulf floods, Egypt’s preliminary budget The ratcheting up of tensions between Iran and Israel has raised concerns about a broader regional conflict. For now, it seems unlikely that the Gulf states will get drawn in unless there is a serious... 18th April 2024 · 6 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (April 2024) Aggregate EM GDP growth will enter a slower phase over the coming quarters. But the headline figure masks large variation in prospects at a country level, with many EMs experiencing a reversal of last... 18th April 2024 · 1 min read
Middle East & North Africa Economics Update Saudi Arabia’s foreign investment struggles persist Saudi Arabia has yet to be able to raise foreign direct investment towards its Vision 2030 goals, prompting a turn to the Public Investment Fund (PIF) to prop up investment spending. Unless the... 17th April 2024 · 3 mins read
China Economics Weekly PBOC faces difficult choice as dollar strengthens The PBOC’s support of the renminbi against a strengthening dollar is resulting in a trade-weighted appreciation of the currency. This risks eroding Chinese export competitiveness and has a... 12th April 2024 · 7 mins read
Emerging Europe Economics Weekly Higher oil prices bolster Russia’s war economy The latest rise in oil prices presents challenges to the near-term outlook for most countries in Emerging Europe by weakening their terms of trade and pushing up inflation – which already looked set... 12th April 2024 · 5 mins read
Global Economics Chart Pack Global Economics Chart Pack (April 2024) Our Global Economics Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data indicate some improvement in economic activity, particularly for industry... 12th April 2024 · 0 mins read
China Rapid Response China Merchandise Trade (Mar. 2024) Despite a larger-than-expected y/y fall in export values, export volumes climbed to record highs. Nonetheless, we still think export volumes will grow more slowly this year than they did in 2023... 12th April 2024 · 3 mins read
Middle East & North Africa Economics Weekly Egypt’s policy shift, Saudi gigaprojects, Morocco GDP Just over a month ago Egypt’s authorities underwent their dramatic shift to economic orthodoxy and the signs so far are more positive than in previous instances. The pound is more flexible, inflation... 11th April 2024 · 7 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Apr. 2024) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. The minutes of their most recent meetings revealed that the RBA and the RBNZ... 11th April 2024 · 1 min read
UK Economics Chart Pack UK Economics Chart Pack (Apr. 2024) The bigger-than-expected fall in CPI inflation in February was the second in as many months, and together with the Bank of England’s clearer hints that it is getting close to cutting interest rates... 9th April 2024 · 1 min read
Global Economics Update World trade edging up as freight rates sink After a historically weak 2023, there are early signs of a modest turnaround in world goods trade which we expect to endure. Meanwhile, global container shipping costs have halved – and those for... 9th April 2024 · 4 mins read
Africa Economics Update Uganda: strong recovery set to weaken Uganda’s strong recent economic recovery is facing domestic and external headwinds, including international condemnation of the government’s Anti-Homosexuality Bill – and the associated impact on... 8th April 2024 · 5 mins read