Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Nov. '25) Our Middle East & North Africa Chart Pack has been updated with our latest forecasts and calls to reflect key developments across the region. We expect the Middle East and North Africa to record very... 20th November 2025 · 1 min read
Latin America Chart Pack Latin America Chart Pack (Nov. 2025) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Aggregate Latin American growth slowed in Q3 and we doubt that there will be a... 20th November 2025 · 1 min read
Emerging Europe Chart Pack Emerging Europe Chart Pack (Nov. 2025) Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. The Q3 GDP data out of Emerging Europe confirmed a growing divergence in the region, with... 19th November 2025 · 1 min read
Europe Economics Focus What to make of euro-zone inflation differentials Next year, inflation is likely to remain higher in Spain and Germany than in Italy and France. But unlike in the 2000s, inflation differentials are not currently a sign that unsustainable imbalances... 19th November 2025 · 9 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (November 2025) Our Emerging Markets Chart Pack has been updated with the latest data and our analysis of recent developments. EM growth held up well in Q3, although headwinds from fiscal tightening, softer labour... 19th November 2025 · 1 min read
Europe Economics Update Euro-zone inflation to fall below 2% soon Euro-zone inflation has hovered close to or above the 2% target for over a year, but we think it will fall to about 1.5% in January and average just 1.3% in 2026. 19th November 2025 · 4 mins read
Africa Rapid Response South Africa Consumer Prices (Oct. 2025) Although headline inflation in South Africa rose, to 3.6% y/y, last month, the decline in core inflation, to 3.1% y/y, is likely to give policymakers at the Reserve Bank confidence that they can meet... 19th November 2025 · 2 mins read
UK Economics Rapid Response UK Consumer Prices (Oct. 2025) The fall in CPI inflation from 3.8% in September to 3.6% in October (CE, consensus and BoE forecasts all 3.6%) is the second softish inflation release in a row and could well prompt the Governor of... 19th November 2025 · 3 mins read
India Economics Update India’s core inflation unlikely to rise much further Headline inflation in India has fallen to a multi-decade low, but core inflation is currently at its highest in 18 months. But even if the economy continues to perform well as we expect, low household... 19th November 2025 · 4 mins read
Australia & New Zealand Economics Update RBNZ: One last cut for the road We expect the Reserve Bank of New Zealand to close out its easing cycle with a 25bp cut at its meeting ending on 26th November. Our sense is that the Bank will want to take out a final bit of... 19th November 2025 · 6 mins read
Global Inflation Watch Subdued global inflation masks regional variation We expect global inflation to hover around 2.5% in the year ahead but there will be significant differences between economies. Goods inflation has a bit further to rise in the US which, coupled with... 18th November 2025 · 18 mins read
Latin America Economics Update Brazil’s easing cycle likely to be deeper than most expect Brazil’s monetary policy stance is extremely tight – the policy rate is at its highest level since the mid-2000s. With GDP growth likely to disappoint and inflation softening, there should be ample... 17th November 2025 · 4 mins read
Canada Rapid Response Canada Consumer Prices (Oct. 2025) The modest upside surprise to headline inflation in October was largely due to one-off factors, whereas the smaller average monthly gain in CPI-trim and CPI-median lends some support to our view that... 17th November 2025 · 2 mins read
Emerging Europe Economics Focus What’s behind the weakness in Polish inflation? The surprising softness in Polish inflation this year can be explained partly by lower energy inflation, but also by steep declines in the prices of some durable goods. The latter probably won’t last... 17th November 2025 · 12 mins read
Emerging Europe Rapid Response Russia GDP (Q3) & Consumer Prices (Oct.) The slowdown in Russian GDP growth in Q3, to 0.6% y/y, confirms that the war and high interest rates are continuing to take their toll on activity, and the latest US sanctions on the energy sector... 14th November 2025 · 2 mins read
