China Economics Weekly Waning support for developers may drag on construction Vanke's plan to delay repayment of an onshore bond points to fading state support for non-SOE developers. The risk this poses to financial stability is probably manageable. But it threatens to... 28th November 2025 · 6 mins read
Middle East & North Africa Economics Weekly Dubai real estate, Bahrain-Oman public finances, Egypt rates The surge in prices in Dubai’s real estate sector appears to be prompting developers to take on debt to finance new projects. This echoes events prior to the crisis in 2009, but a re-run seems... 27th November 2025 · 6 mins read
Latin America Economics Weekly Chile shifts right, current account deficits, Banco Master The first round of Chile’s presidential election resulted in right-wing candidate José Antonio Kast becoming the clear front-runner in the second round due in December. Kast’s steps this week signal a... 21st November 2025 · 6 mins read
China Rapid Response China Bank Lending & Broad Credit (Oct.) Bank loan growth continued to weaken in October, with the consumer loan subsidy scheme failing to put a floor under household loan growth. Alongside the continued slowdown in government bond issuance... 13th November 2025 · 2 mins read
Emerging Europe Economics Weekly Czech strength, Russia banking risks, NBP meeting Data released this week suggest that the Czech economic recovery is continuing to gather momentum. The risks to our GDP growth forecasts there have shifted to the upside and the central bank's easing... 31st October 2025 · 6 mins read
Emerging Europe Economics Update Poland’s credit engine still misfiring The 30%-pts of GDP decline in Poland’s private sector debt-to-GDP ratio since its recent peak is on a scale typically associated with the aftermath of banking crises. The reasons are more benign in... 30th October 2025 · 4 mins read
Global Economics Chart Pack Global Economics Chart Pack (Oct. 2025) The latest data suggest that global GDP growth picked up to over 3% in Q3. World trade continues to shrug off US tariffs, global industry has been resilient, and lower interest rates have supported a... 28th October 2025 · 1 min read
Europe Economics Update ECB Bank Lending Survey (Q3 2025) The ECB’s latest Bank Lending Survey, published this morning, suggested that mortgage demand in the euro-zone continues to be strong. But households remain reluctant to borrow to boost their... 28th October 2025 · 2 mins read
Middle East & North Africa Chart Pack Middle East & North Africa Chart Pack (Oct. 2025) Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. We expect the Middle East and North Africa to record its fastest rate of GDP... 28th October 2025 · 1 min read
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
