Australia & New Zealand Chart Pack ANZ Chart Pack (Jan. 2026) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. We believe the RBA will join the rather exclusive club of advanced economy central banks that tightens... 14th January 2026 · 1 min read
Europe Chart Pack Europe Chart Pack (January 2026) We expect euro-zone GDP to increase at a moderate pace this year and next. Germany’s fiscal stimulus is likely to be smaller, slower and less effective than many expect, while growth will be stronger... 12th January 2026 · 1 min read
Japan Chart Pack Japan Chart Pack (Jan. 2026) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. The economy will continue to grow at a healthy pace, which should ensure that the labour market... 12th January 2026 · 1 min read
Canada Economics Weekly Reports of the oil sands’ death are greatly exaggerated President Trump’s hope to apply his “drill, baby, drill” mantra to Venezuela carries risks for Canada’s oil sector, but even in the most extreme scenario it would be years before we saw a big impact... 9th January 2026 · 5 mins read
UK Economics Weekly Public sector pay not an obstacle to further BoE rate cuts We expect the striking gap between public and private sector pay growth in October to narrow in the coming months. But even if political pressure on the government means public sector pay growth is... 9th January 2026 · 7 mins read
Canada Rapid Response Canada Labour Force Survey (Dec 2025) The 0.3%-pt rebound in the unemployment rate to 6.8% last month was mostly due to the unwinding of temporary moves which had pulled it down the month prior. With private sector hiring also flat last... 9th January 2026 · 2 mins read
US Rapid Response US Employment Report (Dec. 2025) The fall in the unemployment rate in December leaves the labour market looking in better health than many feared, suggesting that the Fed will be in no rush to resume interest rate cuts. 9th January 2026 · 3 mins read
Australia & New Zealand Economics Weekly Case for February rate hike remains intact Following the release of weaker than expected November inflation figures, the financial markets now only see a small chance of a rate hike at the RBA's next meeting in February. However, if the Q4 CPI... 9th January 2026 · 4 mins read
UK Economics Chart Pack UK Economics Chart Pack (Jan. 2026) Soft overseas demand, the past rises in interest rates and higher taxes mean that GDP will grow by only 1.0% in 2026. The weakening in the labour market last year should continue to bear down on wage... 8th January 2026 · 1 min read
Japan Rapid Response Japan Labour Cash Earnings (Nov. 25) The sharp slowdown in wage growth in November was largely due to volatile bonus payments and a rebound over the first half of next year is very likely. 7th January 2026 · 2 mins read
US Economics Update Labour market remains in ‘low-hire, low-fire’ stable state The drop in the job openings and job hires rates reported in November’s JOLTS was accompanied by a decline in the layoff rate from already depressed levels, underscoring employers’ continued caution... 7th January 2026 · 2 mins read
Global Economics Chart Pack Global Economics Chart Pack (January 2026) The latest data suggest that the global economy lost some momentum in Q4. Industrial activity appears to be softening, while global trade – which has held up well despite US tariffs – fell in October... 7th January 2026 · 1 min read
US Employment Report Preview Unemployment rate to edge back down We estimate that non-farm payrolls rose by 60,000 in December, with the unemployment rate edging back down to 4.5%. 2nd January 2026 · 3 mins read
China Chart Pack China Chart Pack (Dec 25) While China’s growth picked up in November on the back of stronger export growth, the economy looks set to have expanded by less than 3.5% this year. Exports should continue growing next year, despite... 31st December 2025 · 0 mins read
US Chart Pack US Chart Pack (Dec. 2025) We judge that the recent strength in AI-related investment marks the start of a multi-year capex boom. We expect GDP growth to be 2.5% in both 2026 and 2027. While labour demand remains soft , the... 23rd December 2025 · 0 mins read
