Global Economics Update Steady bank lending still supporting global growth Credit growth has slowed in the US in recent months, but has edged higher in other advanced economies. As a result, we expect overall credit growth in advanced economies to continue at around 5% or so... 22nd February 2017 · 1 min read
Europe Economics Update Italian banks still a major concern There are some tentative signs of improvement in the Italian banking sector, but it will be a very long time until the country’s lenders look healthy. So the banks will remain a risk to the economic... 21st February 2017 · 1 min read
Global Economics Update Faster nominal GDP growth helping to bring down debt ratios Nominal GDP growth in advanced economies has picked up over the past twelve months or so and is likely to remain fairly rapid during the coming two years. This should help households, firms and... 17th February 2017 · 1 min read
Africa Economics Update Angola: New GDP figures raise fresh debt worries Revised official GDP figures show that Angola’s economic slump is even worse than we’d thought. The revisions add to our concerns about the sustainability of the country’s large debt burden. Angola’s... 16th February 2017 · 2 mins read
Japan Economics Update Monetary Indicators Monitor (Jan.) Despite record-low bank lending rates and extraordinarily loose credit conditions, growth in bank lending has not picked up since the launch of Quantitative and Qualitative Easing. One consequence is... 15th February 2017 · 1 min read
China Data Response Bank Lending & Broad Credit (Jan.) The huge increase in net new lending in China last month was seasonal. Growth in outstanding loans actually slowed to a ten-year low in January. Broad credit growth also slowed last month and is set... 14th February 2017 · 1 min read
India Data Response Consumer Prices (Jan.) Consumer price inflation dropped in January as price discounting continued following demonetisation. But inflationary pressures are set to build over the coming months, and we continue to believe that... 13th February 2017 · 1 min read
Middle East & North Africa Economics Update Qatar’s credit boom comes to an end, lending growth to stay weak The recent sharp slowdown in private sector credit growth, coupled with falling real estate prices, has ignited concerns that Qatar’s credit boom of the past few years is quickly unravelling. For now... 9th February 2017 · 1 min read
UK Economics Chart Pack Post-Brexit momentum maintained at the start of 2017 Following a strong end to 2016, the economy appears to have carried a decent amount of momentum over into 2017. Despite a slight fall in the Markit/CIPS all-sector PMI in January, it is still at a... 6th February 2017 · 1 min read
UK Economics Update Household Borrowing Monitor (Dec.) December’s household borrowing figures showed that demand has continued to return to the housing market, following a lull around the referendum, but that consumer credit growth slowed for the first... 31st January 2017 · 1 min read
Middle East & North Africa Economics Update Decline in Saudi interbank rates to reverse course soon The recent decline in Saudi interbank rates reflects fading fears that the riyal will be devalued and easing liquidity shortages in the banking system. We still expect Saudi interbank rates to rise... 30th January 2017 · 1 min read
Latin America Economics Update Brazil: private sector deleveraging has further to run Private sector debt deleveraging in Brazil gathered pace over the second half of last year. But while credit conditions will remain extremely tight this year, there are at least signs that broader... 27th January 2017 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Dec.) December’s euro-zone money and credit data are consistent with steady economic growth. But they still point to inflation undershooting the ECB’s target. 27th January 2017 · 1 min read
India Chart Pack Attention turns to state elections Upcoming state elections in India are likely to have an important bearing on economic policy at the local level. But perhaps more significant, the outcome of the state elections could be crucial in... 23rd January 2017 · 1 min read
Global Economic Outlook Trumped up? The world economy looks set to grow more rapidly this year than last. A substantial fiscal stimulus in the US will boost its growth rate, but will have only a limited impact on the rest of the world... 20th January 2017 · 1 min read
Japan Economics Weekly Budget improvements set to stall Official data show a sharp decline in the budget deficit but it remains sizeable and we don’t expect the narrowing to continue. In any case, the key determinant of the sustainability of the public... 20th January 2017 · 1 min read
