Africa Economics Update African dollar bond rush continues Following hot on the heels of Kenya’s debut auction, both the Ivory Coast and Senegal returned to the market in July with issues of 10-year dollar-denominated debt. With yields across the region... 25th July 2014 · 1 min read
US Fed Watch Drifting towards a change in view on slack With no new economic projections due and nopress conference scheduled, the FOMC policymeeting that ends on Wednesday 30th should be aquiet affair with the only major development beinga further... 23rd July 2014 · 1 min read
Japan Data Response Senior Loan Officer Survey (Q2) The BoJ’s Senior Loan Officer Survey signals that loan demand slowed last quarter and is set to remain weak. Loan growth should therefore decelerate. 17th July 2014 · 1 min read
China Economics Update China set to take next step towards deposit rate liberalisation Policymakers appear poised to take a key step in the process of interest rate liberalisation, which is itself an important test of their ability and desire to push through difficult reforms. 17th July 2014 · 1 min read
Emerging Markets Economics Update Four questions about the BRICS Bank and swap deal After years of discussion, the five BRICS nations yesterday agreed to establish a development bank and a framework of currency swaps, dubbed the “Contingency Reserve Arrangement” (CRA). In this Update... 16th July 2014 · 1 min read
China Data Response Lending, credit (Jun.) & FX reserves (Q2) The rebound in credit growth last month has more to do with a weak base for comparison due to the cash crunch last year, than with the current policy stance. Meanwhile, with upwards pressure on the... 15th July 2014 · 1 min read
Emerging Europe Economics Update Region's fragile banks come under scrutiny The vulnerabilities in Emerging Europe’s banking sectors have come back into the spotlight in recent weeks. However, our latest Banking Heat Map shows that while there are some parts of the region... 14th July 2014 · 1 min read
Japan Economics Update Monetary Indicators Monitor (Jun.) Even though bank lending has reaccelerated lately amid supportive financial conditions, a range of surveys suggest that credit growth will slow in coming months. 14th July 2014 · 1 min read
Emerging Markets Economics Update Private sector debt remains a concern in some EMs The legacy of the last decade’s sharp rise in private sector debt has kept credit conditions tight and domestic demand weak across a number of EMs over the past few years. And while some of them have... 11th July 2014 · 1 min read
Europe Economics Update Rise in Portuguese bond yields has further to run The recent rise in Portuguese government bond yields related to fears for its banking sector confirms that policymakers have done little to weaken the “doom loop” between banks and sovereigns in the... 10th July 2014 · 1 min read
Europe Economic Outlook As good as it gets? While the European economic recovery probably picked up a bit of speed in the second quarter of the year, there are growing signs that Q2 was as good as it is likely to get. Activity indicators in the... 8th July 2014 · 1 min read
Emerging Europe Economics Update Private sector debt still a major concern in parts of the region Domestic demand has been subdued across much of Emerging Europe over the past five years in part due to the fact that households and firms have been deleveraging following the credit boom of the past... 7th July 2014 · 1 min read
Global Economics Chart Pack US pulling further ahead of the euro-zone All the evidence suggests that the US economy has bounced back during the past few months, after its weather-induced slump. Business surveys have remained buoyant, credit growth has accelerated and... 4th July 2014 · 1 min read
UK Economics Chart Pack Pay growth likely to spring back soon While the economic recovery appears to have accelerated in Q2, workers are still failing to see the benefits in their pay packets. Annual growth in average weekly earnings fell from 2.2% to -1.7% in... 3rd July 2014 · 1 min read
Emerging Markets Financial Risk Monitor Risks remain despite recent calm Financial markets in the emerging world have rallied in the past quarter as fears about the impact of Fed tapering and a hard landing in China have eased. But while the latest Capital Economics Risk... 1st July 2014 · 1 min read
UK Economics Update Household Borrowing Monitor (Jun. 14) May’s money and credit figures provided some more signs that the housing market recovery has lost some steam. Meanwhile, although the consumer recovery has continued apace, it has not lead to an... 30th June 2014 · 1 min read
