Introducing our new financial conditions indices (FCIs)

We have revamped our financial conditions indices (FCIs) for DM economies. This document sets out a framework for analysing financial conditions, explains our methodology, presents and interprets our new FCIs, compares them to alternative FCIs, and considers their relationship with GDP. The upshot for today is that our new FCIs indicate it hasn’t been this hard to raise funds since 2009. While financial stress is not that high, the big picture is that borrowing costs have surged – a fact that other popular FCIs understate.

In view of the wider interest, we are sending this Global Economics Focus to clients of our services covering major advanced economies.

Note: We will be discussing our revamped FCIs and taking your questions on global financial conditions in a 20-minute online briefing at 10:00 EST/15:00 BST on Thursday, 20th April. Register here. 

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