Latin America Economics Update

No end to Colombia’s fiscal saga in sight

The IMF’s decision to pause Colombia’s access to its flexible credit line is not particularly concerning given the country’s robust external position, but the Fund has shone the spotlight back onto...

28th April 2025 · 4 mins read

Middle East & North Africa Economics Update

Saudi’s non-oil sector unlikely to sustain strong start

Saudi Arabia’s economy enjoyed a relatively strong start to the year underpinned by its non-oil sector. But while GDP growth will accelerate this year as oil output rises, the coinciding slip in oil...

28th April 2025 · 3 mins read

Africa Economics Weekly

Africa Weekly: South Africa VAT hike scrapped, Zambia debt talks

South Africa’s 2025 budget took a vital step forward after the Treasury scrapped its proposed VAT hike this week. This, the DA's recommitment to the GNU and the weaker-than expected inflation figures...

25th April 2025 · 5 mins read

Latin America Rapid Response

Brazil IPCA-15 (Apr. 2025)

The further rise in Brazil’s headline inflation rate to 5.5% y/y in the first half of April means that Copom will press ahead with a 50bp hike in the Selic rate at its next meeting in early May. But...

25th April 2025 · 2 mins read

Europe Economics Weekly

Europe Weekly: Tariffs may cause EZ GDP to flatline in Q2 and Q3

Business surveys for April suggest that US tariffs have not done much damage in the euro-zone so far. But we think there will be a noticeable impact in the coming months and have reduced our forecast...

25th April 2025 · 9 mins read

UK Economics Weekly

UK Weekly: Are the markets expecting too many rate cuts?

While the deteriorating outlook for activity increases the chances of the Bank of England continuing to cut interest rates at its recent pace of one 25 basis point cut every quarter, which translates...

25th April 2025 · 3 mins read

Emerging Europe Rapid Response

Russia Interest Rate Announcement (Apr.)

The Central Bank of Russia (CBR) left its policy rate on hold at 21.00% again today and dropped the language in its statement that further interest rate hikes are possible. With inflation nearing a...

25th April 2025 · 2 mins read

India Economics Weekly

India Weekly: JD Vance in India, Kashmir, flash PMIs, dovish RBI

US Vice President JD Vance was in India this week talking up progress on a potential trade deal as well as hailing the strength of diplomatic relations between the two countries. Meanwhile, India’s...

25th April 2025 · 4 mins read

China Rapid Response

China Politburo Meeting (Apr. 2025)

The meeting readout signalled that monetary policy easing is still on its way and that existing plans for fiscal spending will be accelerated. It stopped short of committing to additional deficit...

25th April 2025 · 3 mins read

Australia & New Zealand Economics Weekly

ANZ Weekly: PMI data suggest limited impact from tariff turmoil

Australia's Flash PMIs suggest that the initial impact of global trade tensions has been modest, with output remaining firmly in expansionary territory in April. What's more, with domestic demand...

25th April 2025 · 5 mins read

Japan Economics Weekly

Japan Weekly: Strong inflation will prompt further policy tightening

At its meeting next week, the Bank of Japan will reportedly push back the timing for meeting its 2% inflation target on a sustained basis. That would be a mistake though as the fallout from global...

25th April 2025 · 4 mins read

Emerging Europe Chart Pack

Emerging Europe Chart Pack (Apr. 2025)

Our Emerging Europe Chart Pack has been updated with the latest data and our analysis of recent developments. The economies of Central and Eastern Europe are generally less exposed to higher US...

24th April 2025 · 1 min read

Global Economics Chart Pack

Global Economics Chart Pack (April 2025)

The latest data suggest that the world economy got off to a weak start in 2025 even before most tariffs were implemented. While tariff front-running provided a boost to global industrial activity and...

24th April 2025 · 1 min read

Latin America Rapid Response

Mexico Bi-Weekly CPI (Apr.)

The rise in Mexico’s headline inflation rate in the first half of April, to 4.0% y/y, is unlikely to shift Banxico’s focus away from the weakness of the economy and we expect it to deliver another...

24th April 2025 · 3 mins read

Australia & New Zealand Chart Pack

ANZ Chart Pack (Apr. 2025)

Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. At first glance, Australia and New Zealand should be fairly insulated from the brunt of the US’s...

24th April 2025 · 1 min read