Capital Daily The economy, monetary policy and the S&P 500’s valuation We doubt that the valuation of the S&P 500 will prevent it from making further gains over the next few years. After all, big falls in its valuation usually have their roots in either a weakening US... 8th January 2021 · 7 mins read
Europe Chart Pack Second wave delays the recovery The extension of lockdowns has dashed hopes of an early rebound in economic activity. Instead, the economy is likely to contract in the first quarter of this year. After falling quite steeply at the... 7th January 2021 · 12 mins read
Asia Economics Update Thailand: rates to remain low throughout next year The Bank of Thailand’s (BoT) decision to leave interest rates unchanged at an all-time low of just 0.5% today came as no surprise, and the poor outlook for the economy means rates are likely to remain... 23rd December 2020 · 2 mins read
India Chart Pack Cautious optimism as 2020 ends COVID-19 has ravaged India’s economy in 2020, and GDP is all but certain to have suffered its largest slump on record this year. But there are reasons for optimism as the year draws to a close... 23rd December 2020 · 9 mins read
US Economics Update Fiscal boost not as large as headline figures suggest The $900bn fiscal relief deal agreed by Congress won’t represent as big a fiscal expansion as the headline figures suggest as it appears to mostly involve recycling the unused funding from previous... 22nd December 2020 · 3 mins read
US Economics Update Stimulus another reason for optimism about 2021 The additional $900bn stimulus that looks likely to be passed by Congress within the next day or two means that we are raising our GDP growth forecast for 2021 to 5.5%, from 5.0%. 21st December 2020 · 3 mins read
Japan Economics Update Withdrawal of fiscal support won’t derail recovery On its own, the draft budget for the fiscal year that starts in April points to a sharp tightening in fiscal policy. However, there are several reasons why the headline budget figures are overstating... 21st December 2020 · 3 mins read
Emerging Europe Economics Weekly Russia food prices, Czech tax cut, Turkey’s policy shift Measures taken by Russia’s government this week to try to curb the rise in food inflation are unlikely to have a major impact on monetary policy, but they do underline that higher social spending is... 18th December 2020 · 6 mins read
UK Economics Weekly Policymakers will make or break 2021 2021 is bound to be a better year for the economy than 2020. How much better depends on what happens with Brexit by 11pm GMT on 31 st December 2020 and whether or not the Chancellor tightens fiscal... 18th December 2020 · 7 mins read
UK Economics Weekly Policymakers will make or break 2021 2021 is bound to be a better year for the economy than 2020. How much better depends on what happens with Brexit by 11pm GMT on 31 st December 2020 and whether or not the Chancellor tightens fiscal... 18th December 2020 · 7 mins read
Asia Economics Weekly Fiscal policy in Sri Lanka, currency trouble in Thailand Although the crisis has led to a sharp rise in government debt, policymakers across Asia appear in little rush to tighten fiscal policy. The key exception is Sri Lanka, where a sharp tightening of... 18th December 2020 · 8 mins read
Emerging Europe Chart Pack Vaccine offers hope, but challenges still lie ahead Daily new COVID-19 infections have levelled off or fallen in most parts of Central Europe and there are signs that activity has started to rebound. But the fresh rise in new cases this month in... 17th December 2020 · 16 mins read
Australia & New Zealand Economics Update Australia - Budget deficit may narrow faster than most anticipate The fact that the government revised up its estimate for the underlying cash balance in 2020/21 by more than 1% of GDP since the October Budget underlines that the economy is recovering much faster... 17th December 2020 · 3 mins read
Japan Chart Pack Go To Travel suspension will weigh on consumption PM Suga’s decision on Tuesday to halt the Go To Travel campaign for two weeks from 28th December may put the recovery in services spending into temporary reverse. It comes after authorities in Tokyo... 17th December 2020 · 10 mins read
UK Economics Update Standing out from the 2021 crowd In contrast to the consensus, we think that the economic recovery in 2021 will be quicker and fuller, the Bank of England will continue to shy away from negative interest rates, the Chancellor won’t... 15th December 2020 · 3 mins read
UK Economics Update Standing out from the 2021 crowd In contrast to the consensus, we think that the economic recovery in 2021 will be quicker and fuller, the Bank of England will continue to shy away from negative interest rates, the Chancellor won’t... 15th December 2020 · 3 mins read
