UK Economics Update Rising bad debts to constrain bank lending The latest results from the major UK banks, showing sharp rises in customer loan defaults, underline our view that any recovery in bank lending will be extremely gradual. 11th May 2009 · 1 min read
Asia Economics Update Slower loan growth good for China, bad for equities April’s sharp fall in the growth of lending in China could expose the degree to which credit growth has supported equities and broader sentiment. Slower loan growth tempers concerns about asset... 11th May 2009 · 1 min read
Europe Economics Update ECB's survey points to slower pace of credit tightening The Fed’s latest Senior Loan Officer Survey suggested that constraints on the supply of credit in the US have eased in the second quarter. (See our US Economics Update “Fed’s survey suggests credit... 5th May 2009 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Apr.) The latest euro-zone money data suggest that the ECB’s liquidity provisions are doing nothing to boost broad money growth in the region. This will increase the pressure on the ECB to announce bold... 29th April 2009 · 1 min read
Emerging Europe Economics Focus Emerging Markets - another disaster? Both Latin America and Emerging Europe will enter deep recessions this year and, in the absence of a strong global recovery, the pain is likely to extend well into 2010. But whereas Latin America has... 28th April 2009 · 1 min read
UK Economics Update Monetary Indicators Monitor (Apr.) Now that the Monetary Policy Committee has entered the uncharted waters of quantitative easing, the monetary indicators have moved to the top of the watchlist. In this UK Economics Update, which we... 22nd April 2009 · 1 min read
Europe Economics Update Germany making only slow progress on bank support The German Government’s plans for further measures to support the banking sector might sound broadly encouraging, particularly as banks there have so far not suffered as much as those elsewhere. But... 21st April 2009 · 1 min read
Europe Economics Update Euro-zone Monetary Indicators Monitor (Mar.) The latest euro-zone money supply figures further support the view that the ECB’s injections of short-term liquidity into the banking sector will not be sufficient on their own to encourage banks to... 26th March 2009 · 1 min read
