China Economics Weekly US-China rift, 2020 fiscal stance US President Donald Trump’s signing into law of the HK Human Rights and Democracy Act this week, after it received near-unanimous support in Congress, underlines the extent to which “standing up” to... 29th November 2019 · 6 mins read
Emerging Europe Chart Pack Core inflation hits multi-year highs across CEE Headline inflation has eased across Central and Eastern Europe (CEE) over the past few months, but that was entirely due to falling food and fuel inflation; core price pressures have continued to... 28th November 2019 · 15 mins read
Africa Chart Pack Regional giants both stumble Figures released over the past month painted a very downbeat picture of economic conditions in Africa’s two largest economies. Growth in Nigeria did, admittedly, pick up a touch in Q3. But activity... 28th November 2019 · 14 mins read
Middle East & North Africa Economics Weekly Egypt’s central bank governor, Lebanese debt, Saudi tax The appointment of Egypt’s central bank governor, Tarek Amer, for a second four-year term will welcomed by investors as a sign that the government remains committed to orthodox policymaking and... 28th November 2019 · 5 mins read
Emerging Europe Economics Focus CEE: loose policy sowing seeds of a sharper adjustment The recent strong performance of Central and Eastern Europe (CEE) will probably continue for a few more years as fiscal and monetary policy remain loose. But this is likely to cause some of the... 28th November 2019 · 18 mins read
Japan Data Response Retail Sales (Oct.) Retail sales values fell more sharply in October than after previous sales tax hikes, but that largely reflects the smaller rise in prices this time around. Given that households brought forward less... 28th November 2019 · 2 mins read
Asia Chart Pack More stimulus on the way in Thailand Looser monetary and fiscal policy should help to drive a modest recovery in Thailand over the coming quarters, and we are revising our GDP growth forecast for next year up slightly. Figures released... 26th November 2019 · 15 mins read
Middle East & North Africa Chart Pack Aramco IPO looks set to underwhelm Preparations for the public listing of Saudi state oil company, Aramco, have stepped up a gear this month but the signs are that it is unlikely to be the blockbuster sale that the Kingdom once hoped... 25th November 2019 · 14 mins read
Capital Daily EZ yields likely to fall further as pleas for fiscal stimulus ignored The decline in the euro-zone Composite PMI for November reinforces our view that growth in the monetary union will deteriorate further in the coming months. With governments so far resisting pressure... 22nd November 2019 · 7 mins read
Emerging Europe Economics Weekly Russia’s fiscal boost, Polish rates & Ukraine’s IMF deal Signs that Russia’s government is ramping up spending have raised hopes that economic growth will strengthen further in the coming quarters, but we don’t think that it will provide the large boost... 22nd November 2019 · 5 mins read
Australia & New Zealand Economics Weekly Government flipflops on fiscal stimulus The government has flipped on its stance that the previous tax cuts were sufficient to stimulate that economy, announcing fresh fiscal stimulus in the form of infrastructure spending this week. But at... 22nd November 2019 · 5 mins read
Japan Economics Weekly Abe makes history, supplementary budget, 50-yr JGBs? Shinzo Abe became Japan’s longest serving Prime Minister this week but his track record on the economy is mixed. Meanwhile, the ¥10 trillion supplementary budget that the government are reportedly... 22nd November 2019 · 6 mins read
India Chart Pack Services holding up better than industry Q3 GDP data due next week are likely to show a further slowdown in India’s economy, with the industrial sector the main source of weakness. However, some comfort can be taken from the fact that the... 22nd November 2019 · 9 mins read
Europe Economics Update Only small fiscal stimulus for the euro-zone next year Calls for much looser fiscal policy in the euro-zone are falling on deaf ears. While the Netherlands and Germany have set out fiscal stimuli for 2020, each has past form for running tighter policy... 21st November 2019 · 3 mins read
UK Data Response Public Finances (Oct.) The worst October for the public finances for five years won’t prevent whoever wins the election embarking on a fiscal splurge. Borrowing appears to have been higher than expected due to Brexit... 21st November 2019 · 2 mins read
Emerging Markets Economics Chart Pack Protests persist, but fallout will vary Ongoing protests in Chile, Hong Kong and Lebanon will weigh on their economies and financial markets, but to different degrees. While the tightening of financial conditions and strikes in Chile will... 15th November 2019 · 9 mins read
