Middle East & North Africa Economics Update Qatar’s weak bank lending to persist Qatar has experienced a multi-year slowdown in credit growth and, in contrast to the past decade or so, lending is now expanding at a weaker pace than in the rest of the Gulf. We expect domestic... 23rd October 2025 · 4 mins read
US Economics Update Is private credit a systemic threat to the economy? The collapse of auto parts supplier First Brands may have triggered losses at US regional banks, but we don’t think private credit represents a threat to the stability of the broader US financial... 21st October 2025 · 6 mins read
Asset Allocation Update The future still looks bright for US diversified banks We think the outlook for US diversified banks is sunny, given the prospects for bonds and the economy. 16th October 2025 · 5 mins read
China Rapid Response China Bank Lending & Broad Credit (Sep.) Bank loan growth continued to weaken in September, with little sign of any boost from the consumer loan subsidy scheme. And growth in government bond issuance slowed for a second month, driving a... 15th October 2025 · 2 mins read
India Economics Weekly Banking sector cheers RBI reforms The Reserve Bank of India (RBI) kept the repo rate unchanged at 5.50% this week but struck a fairly dovish tone, suggesting that further interest rate cuts are still likely in the coming months. The... 3rd October 2025 · 3 mins read
China Chart Pack China Chart Pack (Sep. 25) Growth has remained broadly stable since the start of the year, despite US tariffs. Still, the economy is weaker than official figures suggest. Fiscal support and exports will continue to be key... 30th September 2025 · 0 mins read
Global Economics Chart Pack Global Economics Chart Pack (September 2025) The latest data are consistent with the world economy having recovered a bit more momentum in Q3. Industry has held up well, world trade has shrugged off tariffs, and an AI investment boom is underway... 25th September 2025 · 1 min read
India Economics Update Are Indian households becoming overleveraged? Rising household debt in India should not be a major concern for now given the backdrop of falling interest rates. But it is a risk that will require close monitoring once the easing cycle turns... 23rd September 2025 · 4 mins read
Emerging Europe Economic Outlook Stagnation in Russia, fragile recoveries in CEE The economies of Emerging Europe will diverge over the coming year as Russia’s war economy continues to run out of steam, while growth in Central and Eastern Europe (CEE) picks up – albeit to varying... 18th September 2025 · 22 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (Sep. 2025) EM GDP growth generally held up well in H1 but we think it will soften over the second half of the year as US tariffs, tighter fiscal policy and slowing wage growth bite. The inflation outlook is... 17th September 2025 · 1 min read
Asia Economics Weekly Does turmoil in Indonesia lift or lower chances of a rate cut? Bank Indonesia will meet next week under the cloud of recent protests and the sacking of respected Finance Minister Sri Mulyani Indrawati. We expect officials to hold fire from further easing, not... 12th September 2025 · 7 mins read
China Rapid Response China Bank Lending & Broad Credit (Aug.) Weak private credit demand drove a further weakening of bank loan growth in August. And growth in government bond issuance slowed for the first time this year, resulting in a slowdown in broad credit... 12th September 2025 · 2 mins read
UK Housing Market Update UK mortgage arrears may not have peaked just yet The weak labour market means it’s too soon to conclude that the share of mortgages in arrears won’t rise further, although it will remain low relative to past standards. 10th September 2025 · 3 mins read
Emerging Europe Economics Update CEE: is growing ‘euroisation’ a concern? The increase in euro-denominated bank lending and deposits across parts of CEE in recent years – due in part to high domestic inflation and interest rates – looks like a concern on the surface, but... 4th September 2025 · 6 mins read
UK Economics Rapid Response UK Money & Lending (Jul. 2025) July’s money and lending data show that interest rate cuts are yet to significantly boost economic activity and that the prospect of tax hikes in the Autumn Budget may be making households a bit more... 1st September 2025 · 3 mins read
China Chart Pack China Chart Pack (Aug 25) China’s growth picked up a touch in July, but we expect the economy to remain weak this year. US tariffs will continue to weigh on exports, even as rerouting helps to offset some of the hit. Barring a... 28th August 2025 · 0 mins read
