Latin America Chart Pack Brazil still struggling The Brazilian economy continues to struggle. Having expanded by a meagre 0.2% q/q in the first quarter of this year, there are few signs that growth picked up in Q2. Elsewhere in the region, growth... 27th July 2012 · 1 min read
ECB Watch More bond purchases, but no boost for the ESM Despite President Mario Draghi’s pledge to do “whatever it takes” to preserve the euro, the ECB appears unlikely to follow up July’s interest rate cut with further significant policy announcements at... 27th July 2012 · 1 min read
Middle East & North Africa Economics Update Egypt’s rates on hold as balance of payments troubles persist The decision by Egypt’s Central Bank (CBE) to keep interest rates on hold was unsurprising. Although the economy is weak and inflationary pressures subdued, political instability will keep pressure on... 26th July 2012 · 1 min read
Asia Economics Update Rate cut in the Philippines, more loosening likely by year-end The Philippines’ central bank (BSP) today cut its policy rate by 25bp to 3.75%. With inflationary pressures set to remain low and global demand likely to disappoint this year, we expect further policy... 26th July 2012 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Jun.) The latest monetary data provide no indication that the ECB’s earlier liquidity measures are prompting banks to lend more to the wider economy. 26th July 2012 · 1 min read
Asia Economic Outlook Weak global demand to hamper growth Compared with other emerging regions, Asia is relatively well placed to withstand sluggish global growth. For one thing, policymakers have the ability and willingness to significantly loosen monetary... 26th July 2012 · 1 min read
US Fed Watch Economy not weak enough to trigger QE3 next week As it stands at the moment, the incoming news has probably not been quite weak enough to prompt the Fed into providing more policy stimulus, such as a third round of asset purchases (QE3), at the... 25th July 2012 · 1 min read
Emerging Europe Economics Focus Drop in Polish savings rate points to consumer slowdown The strength of Polish consumer spending over the past couple of years has only been made possible by a run-down in the household savings rate. But with the savings rate now at a record low and real... 24th July 2012 · 1 min read
UK Economics Update Further rate cut looks likely A further interest rate cut is looking increasing likely. We have pencilled in a 25bps reduction in November, taking official rates to 0.25%. And it is possible that the Monetary Policy Committee (MPC... 24th July 2012 · 1 min read
UK Economics Weekly Olympics explains part of the employment puzzle A close look at last week’s figures suggests that some of the apparent divergence between the strong employment and weak GDP figures may be explained by the Olympics. Come Games time, more than 100... 23rd July 2012 · 1 min read
Asia Economics Weekly Political tensions on the rise in Thailand Political tensions have intensified in Thailand due to the government’s efforts to amend the constitution. There is a significant chance that the proposed reforms could trigger a political deadlock... 20th July 2012 · 1 min read
Europe Economics Weekly Hopes of near-term policy boost fade further Developments last week confirmed that support for the periphery from the region’s core governments will be slow in coming. Some attention has turned back to the ECB for policy support, but it has very... 20th July 2012 · 1 min read
Latin America Economics Update Mexican interest rates more likely to fall than rise The Mexican Central Bank (BANXICO) left interest rates on hold at 4.5% this afternoon. Strong economic growth and a recent pick-up in inflation mean that the three-year pause may last a while longer... 20th July 2012 · 1 min read
Canada Data Response Consumer Price Index (Jun. 12) June's rise in the official 'core' inflation figure, to 2.0% from 1.8%, mainly reflects transportation base year effects. With inflation expectations well anchored and economic growth likely to remain... 20th July 2012 · 1 min read
US Economics Weekly QE3 now a 50-50 call It is a very close call as to whether the Fed will launch a third round of large-scale asset purchases in the second half of this year. We expect growth to continue slightly below the economy's... 20th July 2012 · 1 min read
Japan Economics Weekly Why we expect weaker growth than the IMF The IMF downgraded its global growth forecasts last week including those for Japan, but they still remain well above our own. In this Weekly we explain why our forecasts differ from theirs and where... 20th July 2012 · 1 min read
