UK Commercial Property Outlook Lockdown pushes recovery into 2022 The outlook for most commercial property sectors was already fragile and this has only been dampened by the second lockdown. Although transactions are set to pick up next year, we think property... 20th November 2020 · 25 mins read
China Economics Weekly Credit risk awakens from COVID-19 hibernation With output now back to its pre-virus path and the labour market returning to health, policymakers appear to have decided that the time has come to instil a bit more discipline into credit markets. By... 20th November 2020 · 3 mins read
India Economics Weekly A dose of reality Newsflow continues to be dominated by the breakthroughs in the development of effective COVID-19 vaccines. But the collapse of Lakshmi Vilas Bank this week is another stark reminder of the extreme... 20th November 2020 · 4 mins read
US Economics Update Monetary Indicators Monitor (Oct.) Growth in narrow measures of the money supply has continued to edge higher as demand and saving deposits continue to accumulate but, with growth in broader measures of money and bank lending dropping... 17th November 2020 · 3 mins read
Japan Chart Pack Only light-touch restrictions on horizon for now Japan is in the midst of a third wave of COVID-19. Daily infections have already reached their previous early-August peak. Only the Hokkaido Government has responded with countermeasures so far... 17th November 2020 · 10 mins read
Africa Economics Focus Debt relief: the state of play and what’s next There has been much less progress towards debt relief for African economies than many had hoped. And governments’ diverse array of creditors means that the “Common Framework” recently unveiled by the... 16th November 2020 · 19 mins read
China Data Response China Bank Lending & Broad Credit (Oct.) Broad credit growth hit is highest level in nearly three years as faster growth in direct financing and shadow credit more than offset slower bank lending. We think this acceleration will continue... 11th November 2020 · 2 mins read
China Economics Weekly Tech giants in the Party’s crosshairs The abrupt suspension of Ant’s IPO, which was supposed to enter the record books this week as the world’s largest, is a stark reminder of the political risks and lack of transparency that are still... 6th November 2020 · 8 mins read
India Economics Weekly Biden presidency, food inflation, interest waiver We wouldn't rule out a Joe Biden administration taking a more collaborative approach to containing China's geopolitical influence than Donald Trump, which could help strengthen ties between the US and... 6th November 2020 · 5 mins read
Emerging Markets Economics Update EM banks: revisiting the risks India’s banks entered the crisis in worse shape than other major EMs, although large state involvement in the financial sector means the government is unlikely to remain idle if loan losses start to... 3rd November 2020 · 3 mins read
UK Data Response Money & Credit (Sep.) September’s money and credit data showed that the mini-boom in the housing market continued, but a fall in consumer credit suggests that consumer spending was already faltering before the latest round... 29th October 2020 · 2 mins read
Global Economics Update Indian banks: the world’s weakest link Out of all the banking sectors in major economies, India’s warrants the most concern. It came into the crisis in the worst shape, and the scale of damage to private balance sheets means it will be one... 29th October 2020 · 6 mins read
India Economics Update Indian banks: the world’s weakest link Out of all the banking sectors in major economies, India’s warrants the most concern. It came into the crisis in the worst shape, and the scale of damage to private balance sheets means it will be one... 29th October 2020 · 6 mins read
Australia & New Zealand Chart Pack On the road to recovery As restrictions have been lifted in both countries, activity has rebounded. Admittedly, the second draconian lockdown in Victoria will hold back the recovery in GDP in Australia in Q3 and Q4. But we... 29th October 2020 · 11 mins read
Europe Data Response ECB Bank Lending Survey (Q3 2020) The ECB’s Bank Lending Survey show that bank lending conditions tightened in Q3. And there is a growing risk that they tighten further in Q4, just as the economic activity has begun to slow again. 27th October 2020 · 2 mins read
Africa Economic Outlook Weak recoveries, default risks still high Recoveries across Sub-Saharan Africa will be weak, with the region’s three largest economies – Nigeria, South Africa and Angola – set to fare particularly badly. A rebound in tourism sectors has been... 22nd October 2020 · 22 mins read
