Latin America Economics Update Latin America’s commodity boom – an opportunity missed When all’s said and done, the commodity price boom of the past decade will probably go down as a wasted opportunity for the economies of Latin America. Rather than saving and investing their windfall... 9th July 2013 · 1 min read
Asia Economics Weekly IMF deal no solution to Pakistan's woes Pakistan has reached an initial agreement with the IMF for a US$5.3bn loan. The deal should avert a balance of payments crisis but, as this Weekly explains, the conditions attached to the loan will... 8th July 2013 · 1 min read
Asia Economic Outlook Policy approaches turning point Despite China’s ongoing slowdown, growth in the rest of Emerging Asia should pick up over the next couple of years, helped by a combination of loose monetary policy and stronger global demand. The... 5th July 2013 · 1 min read
US Economics Update The tide is turning for State & local governments Recent evidence on employment and construction spending has supported our view that a rebound in spending by State and local governments this year will offset some of the drag on GDP growth from a... 3rd July 2013 · 1 min read
UK Economics Update Recent rise in yields need not spell fiscal gloom The recent jump in UK government borrowing costs is hardly a welcome development in the face of a budget deficit that remains historically high. But with some rise in yields already factored into... 2nd July 2013 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jun.) Although the peripheral economies remain mired in recession, some fiscal progress is being made, particularly in Greece. 2nd July 2013 · 1 min read
Canada Economics Focus In case of emergency: Blow the budget Fiscal policy might have to provide more stimulus soon unless economic growth improves materially. For housing bears such as ourselves, the potential for additional fiscal stimulus helps to limit the... 26th June 2013 · 1 min read
UK Economics Update Spending Review details only fraction of the pain left There were virtually no changes in the overall fiscal plans in today’s Spending Review. Accordingly, the Review did nothing to alter the prospect of a prolonged period of government spending cuts. In... 26th June 2013 · 1 min read
Latin America Economics Update Government spending isn't the solution to Brazil's problems The response of Brazil’s government to recent unrest suggests a willingness to engage with protestors’ concerns, but also reveals a fundamental misdiagnosis of the underlying issues. The problem lies... 26th June 2013 · 1 min read
Europe Economics Focus Can Slovenia avoid a bail-out? In spite of Slovenia’s low public debt and small banks, the country is in a very precarious position given the scale of the rot in the banking sector. To avoid a bail-out, the Government will need to... 26th June 2013 · 1 min read
Asia Economics Weekly What does Abenomics mean for the rest of Asia? Hopes that the policies of Prime Minister Abe’s new government will transform the outlook for Japan’s economy have lifted sentiment in the country. This Weekly takes a look at the implications of... 24th June 2013 · 1 min read
Emerging Europe Economics Update Russia: is fiscal policy really impotent? The debate over the role of policy stimulus in reviving Russia’s flagging economy has been given extra impetus over the past week by the release of the IMF’s latest Article IV report, which argues... 21st June 2013 · 1 min read
UK Data Response Public finances (Jun.) The improvement in the public finances in May was due to temporary factors. In any case, with borrowing still so high, the big picture is that years of austerity still lie ahead, as will be underlined... 21st June 2013 · 1 min read
Europe Economics Update Italian public finances remain in a precarious state We doubt that the new growth measures adopted by the Italian government will have much effect on the economy and still expect the 2013 budget deficit to be well above target. Based on this and Italy’s... 20th June 2013 · 1 min read
UK Economics Update Spending Review to underline uphill battle facing recovery Next Wednesday’s Spending Review will essentially just flesh out how the cuts that have already been announced will be achieved. Nonetheless, the Government may use it to shift around its spending in... 20th June 2013 · 1 min read
Latin America Economics Update Brazil's fiscal risks revisited The murky world of Brazil’s public finances has come under increased scrutiny in recent weeks, after ratings agency S&P downgraded the nation’s sovereign debt outlook. In this Watch we take a fresh... 18th June 2013 · 1 min read
