Middle East & North Africa Economics Update Saudi finance minister’s departure won’t mark end of austerity The decision to replace Saudi Arabia’s finance minister is unlikely to mark a shift in the Kingdom’s approach to dealing with the fallout from lower oil prices. While the outgoing finance minister had... 1st November 2016 · 1 min read
Japan Economics Update Baton passing to fiscal policy as BoJ reluctant to ease The Bank of Japan today pushed back the timing for hitting its inflation target and sounded alarmed about the recent moderation in price pressures, but nonetheless refrained from providing more... 1st November 2016 · 1 min read
Latin America Chart Pack Lat Am central banks turning more dovish Central banks in several countries in Latin America are turning increasingly dovish. Policymakers in Brazil cut interest rates this month on the back of another drop in inflation and further (gradual)... 31st October 2016 · 1 min read
Africa Economics Update Mozambique: Debt revelations push up bond yields News that Mozambique is seeking to restructure its debts sent its US$ bond yields soaring. South African markets shrugged off another attempt to depose the respected finance minister. 28th October 2016 · 1 min read
Middle East & North Africa Chart Pack Egypt edges closer to IMF deal as shortages bite The Egyptian government has inched closer to an IMF financing package over the past month after securing a US$2bn deposit from Saudi Arabia. This makes up a third of the bilateral financing that the... 26th October 2016 · 1 min read
Emerging Markets Economics Chart Pack Commodity producers and China drive EM recovery EM GDP is currently growing at its fastest pace in 18 months, with the recovery being driven mainly bystronger growth in commodity producers as well as an upturn in China. According to our GDP tracker... 26th October 2016 · 1 min read
Europe Economics Update Spain’s new Government may be short-lived Even if Spain’s new minority Government gets support for its 2017 Budget, it will struggle to build the consensus needed to pass other measures. Accordingly, political uncertainty will continue to... 26th October 2016 · 1 min read
Africa Economics Update South Africa: Fiscal goals still too ambitious Finance Minister Pravin Gordhan’s budget plans rely on an economic acceleration that we believe is unlikely to materialise. If growth stays weak, South Africa will over-shoot its deficit and debt... 26th October 2016 · 1 min read
Africa Economics Update Mozambique: What to make of the latest debt revelations It seems likely that Mozambique will eventually reach a debt restructuring deal with its creditors. But the revelation of yet more hidden debt (or another currency fall) could result in a messier... 26th October 2016 · 1 min read
Latin America Economics Update First thoughts on Colombia’s tax reform Colombia’s much-anticipated tax reform bill is impressive and, if passed by Congress, would put the public finances on a more sustainable footing. However, it would create some near-term economic pain... 25th October 2016 · 1 min read
India Chart Pack Core price pressures remain elevated Much of the focus both before and after the RBI’s decision to cut the repo rate by 25bp (to 6.25%) in early October has been on the sharp fall in headline inflation over the past couple of months. But... 25th October 2016 · 1 min read
UK Economics Update Brexit Watch: Higher borrowing won’t deter the Chancellor This week’s economic data broke from the recent upbeat trend, with inflation jumping up and the latest public finances figures highlighting the challenge that the Chancellor faces in the Autumn... 21st October 2016 · 1 min read
UK Data Response Public Finances (Sep.) September’s public finances figures set the tone for a fairly disappointing set of fiscal forecasts likely to be revealed in the Autumn Statement next month. But this won’t prevent the Chancellor from... 21st October 2016 · 1 min read
Latin America Economics Update Argentina: is Macri already a busted flush? The Argentine government’s recent upward revision to its 2017 budget deficit forecast has added to concerns that President Macri’s reform agenda is already starting to slow after less than a year in... 19th October 2016 · 1 min read
Middle East & North Africa Economics Update Saudi Arabia to ease pace of austerity in 2017-18 Saudi Arabia’s upcoming international bond issuance and the recent OPEC agreement have put the spotlight back on to the country’s adjustment to low oil prices. One point that is often overlooked is... 18th October 2016 · 1 min read
Asia Economics Weekly Malaysia to signal continued commitment to fiscal discipline The Malaysian government is likely to prioritise maintaining fiscal discipline over supportingthe weak economy at its upcoming budget. 14th October 2016 · 1 min read
