Emerging Markets Economics Chart Pack EM consumers bouncing back EM retail sales growth picked up for a third consecutive month in May and is now running at a 12-month high. What’s more, the improvement has been widespread across different EM regions. In Russia and... 24th July 2017 · 1 min read
China Economics Update Capital Flows Monitor (Jun.) Net capital outflows from China were broadly unchanged in June as greater inflows from foreign investors helped to offset increased outflows due to Chinese investment overseas, including in Belt &... 21st July 2017 · 1 min read
Middle East & North Africa Chart Pack Worst fears over Qatar crisis fade Diplomatic efforts have failed to bring an end to the stand-off between Qatar and the so-called Anti-Terror Quartet (Saudi Arabia, UAE, Egypt and Bahrain). Encouragingly, though, there are signs that... 21st July 2017 · 1 min read
India Chart Pack BJP laying the groundwork for 2019 The result of India’s presidential election is due to be announced later today. It won’t have direct implications for the economy since the role of president is largely ceremonial. But the result... 20th July 2017 · 1 min read
China Chart Pack Policy controls drive property demand to small cities The resilience of home sales in China (up 18% y/y in June) has raised questions about the effectiveness of government efforts to cool the sector, which have been stepped up in recent months. In fact... 19th July 2017 · 1 min read
Europe Data Response ECB Bank Lending Survey (Q2) In contrast to the latest business surveys, the ECB’s Q2 Bank Lending Survey provided some evidence that the economic recovery might slow. However, with demand for credit still increasing, and banks... 18th July 2017 · 1 min read
China Economics Update Leadership signals sustained focus on financial risks Relatively few substantive decisions appear to have been made at the National Financial Work Conference but statements about the need to limit financial risks are significant. They suggest that the... 17th July 2017 · 1 min read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Jun.) Our Capital Flows Tracker shows that net capital outflows from emerging markets remained subdued in the first half of 2017. We expect that outflows will stay low over the coming quarters. 17th July 2017 · 1 min read
Middle East & North Africa Economics Update What explains the continued slide in Saudi Arabia’s FX reserves? Saudi Arabia’s official foreign exchange reserves have continued to decline sharply, despite the marked improvement in the current account position over the past year or so. This has raised concerns... 17th July 2017 · 1 min read
UK Economics Weekly Fall in sterling supporting tourism sector While the fall in the pound has yet to provide a significant boost to overall net trade, it has already started to support the tourism sector. And we think that net tourism spending will provide a... 14th July 2017 · 1 min read
Japan Economics Update Monetary Indicators Monitor (Jun.) Private sector debt is growing at the fastest pace on record as corporate debt issuance has surged. As a result, both household and corporate debt are now rising again relative to output. 14th July 2017 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) Credit conditions in the residential mortgage market eased a touch in Q2. But with lenders’ risk appetites set to contract, Q3 may be a little tighter. Meanwhile, there is little evidence to suggest... 13th July 2017 · 1 min read
China Data Response Bank Lending & Broad Credit (Jun.) New lending rose by more than anticipated in June. But this masks a continued slowdown in underlying credit growth which will start to weigh on economic activity before long. 12th July 2017 · 1 min read
Emerging Markets Economics Update EM credit bubble is now (mostly) a China story The past couple of weeks have seen renewed concerns about credit risks in emerging economies. The key point that has been missed in much of the analysis, however, is that credit bubbles have begun to... 11th July 2017 · 1 min read
Asia Economics Weekly External pressures mounting in Pakistan The “devaluation” of the Pakistani rupee earlier in the week is a reminder of the country’s precarious balance of payments position. Pakistan will soon be forced to either let the currency fall much... 7th July 2017 · 1 min read
