Emerging Europe Economics Update Latest Banking Heat Map paints a broadly positive picture Our latest Banking Heat Map paints a broadly positive picture. Banks in Romania and Hungary – which have been among the weakest in Emerging Europe over the past decade – are returning to health, and... 2nd June 2017 · 1 min read
China Economics Update Problems continue to brew at Chinese banks The outlook for China’s banks is going from bad to worse. Pressure on the banking system has increased during the past year even though economic activity has recovered. And with a renewed slowdown now... 1st June 2017 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Apr.) April’s euro-zone money and credit data point to steady economic growth. But they remain consistent with core inflation below the ECB’s near-2% target. 31st May 2017 · 1 min read
UK Economics Update Household Borrowing Monitor (Apr.) April’s household borrowing figures provide another reason to think that consumer spending may have picked up pace in Q2, after a disappointing performance in Q1. But they will probably add to... 31st May 2017 · 1 min read
Asia Economics Weekly Credit bubbles – where do the risks lie? We have been arguing for some time that Emerging Asia’s current credit binge is unsustainable, and that credit growth in a number of countries will need to slow for a crisis to be avoided... 26th May 2017 · 1 min read
Europe Economics Update Greek debt relief set to be pushed back again Amid continued discord between the IMF and Germany, any commitment to Greek debt relief looks set to be delayed for another year. The Eurogroup has proposed new loan extensions to make the debt... 25th May 2017 · 1 min read
China Economics Update Regulatory crackdown poses risks to growth, financial stability The ongoing regulatory crackdown on banks’ off-balance-sheet activities has contributed to the mild slowdown in growth we’ve seen recently. But it is also bringing into focus the challenges that China... 25th May 2017 · 1 min read
US Economics Update Fed plans to begin balance sheet normalisation with baby steps The latest FOMC meeting minutes revealed that the Fed intends to gradually phase out the reinvestment of maturing securities in its portfolio. The upshot is that the balance sheet will shrink more... 24th May 2017 · 1 min read
India Chart Pack Another obstacle cleared on road to GST The consensus reached between India’s national and state governments on how different products will be dealt with under the Goods and Services Tax (GST) marks another important step towards its... 23rd May 2017 · 1 min read
India Economics Update New measures unlikely to revive banking sector New powers granted to the Reserve Bank of India (RBI) could in theory speed up resolution of cases of stressed assets that have burdened the banking sector in recent years. But the measures are likely... 17th May 2017 · 1 min read
Global Economics Update Global credit conditions supportive despite slowdown in US Credit growth has slowed sharply in the US in recent months, due to weaker demand for bank loans from households and non-financial companies. However, in most other advanced economies it is rising... 16th May 2017 · 1 min read
China Data Response Bank Lending & Broad Credit (Apr.) The headline credit data for April were stronger than anticipated, with lending holding up relatively well in response to policy tightening. That said, our adjusted measure of broad credit still... 12th May 2017 · 1 min read
Europe Economics Update Will Italy be the next domino not to fall? Anti-euro parties probably have a better chance of forming a government in Italy than in France. The election of an Italian eurosceptic government would not spell immediate disaster, but risks to the... 9th May 2017 · 1 min read
US Economics Update Senior Loan Officer Survey shows weaker loan demand The Fed’s latest Senior Loan Officer Survey (SLOS) reveals that the recent weakness in bank lending is principally due to weak demand for loans rather than banks tightening lending standards. 8th May 2017 · 1 min read
UK Economics Update Household Borrowing Monitor (Mar.) March’s household borrowing figures provide another reason to think that the consumer slowdown shouldn’t be too severe. Moreover, continued strong credit growth shouldn’t panic policymakers into... 4th May 2017 · 1 min read
Europe Economics Update Focus turns to debt relief measures for Greece Today’s agreement means that EU officials can now turn their attention to the question of debt relief for Greece. One way or another, a deal is likely to be done to allow Greece to meet repayments due... 2nd May 2017 · 1 min read
