Nordic & Swiss Data Response Norwegian Consumer Prices (Jun.) June’s decline in core inflation won’t stop the Norges Bank from raising interest rates in September. But with price pressures building only slowly, the subsequent tightening cycle will be very slow. 10th July 2018 · 1 min read
Middle East & North Africa Data Response Egypt Consumer Prices (Jun.) Egyptian inflation jumped to 14.4% y/y last month on the back of recent administered price hikes, but we still think that the next move in interest rates will be down. 10th July 2018 · 1 min read
China Economic Outlook Domestic headwinds building Sentiment about China’s economic prospects has worsened recently as trade tensions have escalated. The tariffs announced so far won’t have a big impact though. Instead, we expect economic growth to... 10th July 2018 · 1 min read
Canada Economics Weekly Mixed employment survey makes Bank’s job harder The Bank of Canada’s policy announcement will take the spotlight next week. Despite June’s Labour Force Survey being something of a mixed bag, the subsequent rise in the Canadian dollar suggests that... 6th July 2018 · 1 min read
Nordic & Swiss Economics Weekly Riksbank hawkish, Norwegian housing recovering The main event this week was the Riksbank meeting , at which the Bank reiterated that it expected to raise interest rates in December. And data released since the meeting support the case for the... 6th July 2018 · 1 min read
Latin America Economics Weekly Amlo makes the right noises Mexican financial markets have rallied this week following some business-friendly noises from left-wing president-elect Andrés Manuel López Obrador (Amlo), but we’d be wary of reading too much into... 6th July 2018 · 1 min read
Europe Economics Weekly German industry rebounds, but are politics a threat? Immigration has remained very high up the political agenda this week, and while EU leaders reached a compromise on Monday, this is not a closed issue and tensions may well flare up again. Meanwhile... 6th July 2018 · 1 min read
Emerging Europe Data Response Russia CPI (Jun.) The modest decline in Russian inflation in June, to 2.3% y/y, was mainly a result of a sharp fall in fruit and vegetable inflation. And while headline inflation is still weak, there were some... 6th July 2018 · 1 min read
UK Economics Weekly Q2 rebound, edging closer to a rate hike, a soft Brexit? An encouraging set of Markit/CIPS surveys provided further evidence that the economy has rebounded in Q2. Meanwhile, in a speech this week, Bank of England Governor, Mark Carney, appeared to reinforce... 6th July 2018 · 1 min read
Emerging Europe Economics Weekly EC to punish Poland, Turkish inflation surges The infringement procedure launched this week by the European Commission against Poland – in response to controversial legal reforms and the associated worries about the erosion of judicial... 6th July 2018 · 1 min read
Japan Economics Weekly Harada’s battlefields, firms optimistic on investment BoJ Board member Harada this week refuted criticism that the Bank’s prolonged monetary easing poses a major threat to financial stability. We share his view that those concerns are overdone, which is... 6th July 2018 · 1 min read
Africa Economics Weekly Kenya rebounds as growth elsewhere slumps Recently-released figures have supported our view that Kenya’s economy will strengthen this year. Conditions elsewhere, however, seem to have deteriorated. And we think that next week’s data will... 6th July 2018 · 1 min read
Asia Economics Weekly Malaysia: China investment freeze to weigh on growth The Malaysian government’s decision earlier this week to suspend work on the US$20bn East Coast Railway Link points to a bleak future for Chinese investment in the country. Halting work on these... 6th July 2018 · 1 min read
Global Economics Chart Pack Global growth rebounds despite “trade war” fears With the US and China poised to impose tariffs on each other in the coming days trade tensions look set to ratchet up further. But the world economy is still doing well. We estimate that global... 5th July 2018 · 1 min read
India Economic Outlook Strong growth likely in run-up to election Economic growth has surged in recent quarters and we expect it to remain strong over the next year or so, supported by buoyant private and government consumption ahead of the general election that is... 5th July 2018 · 1 min read
Europe Chart Pack Q2 growth set to be healthy, but slower than last year Hard data relating to euro-zone activity in Q2 have been a little disappointing so far, denting hopes that GDP growth would rebound strongly after Q1’s 0.4% quarterly expansion. Industrial production... 5th July 2018 · 1 min read
