Event EM Drop-In: Will Egypt's reforms fix the economic crisis? 6th March 2024, 11:00AM GMT The Egyptian central bank has announced steps to tackle its economic crisis, including a large devaluation and a bumper interest rate hike. But will it be enough? Economists from our Emerging Markets…
Middle East & North Africa Rapid Response Egypt Interest Rate Hike & Devaluation The announcement minutes ago from the Central Bank of Egypt that it has devalued the pound and hiked interest rates by a bumper 600bp, to 27.25%, shows that policymakers are committed to the turn back... 6th March 2024 · 2 mins read
China Economics Focus China’s economic roadmap for 2024 The policy agenda laid out at the National People’s Congress today is a reasonably pro-growth one. The new fiscal plans are supportive, monetary policy continues to have an easing bias, and the... 5th March 2024 · 15 mins read
US Economics Weekly Powell and Biden to take centre stage Fed Chair Jerome Powell looks set to echo his colleagues in suggesting that rate cuts are likely to begin “later this year” in his testimony to Congress next week. But with the downward trend in core... 1st March 2024 · 8 mins read
Latin America Economics Weekly Mexico’s election campaign, Brazil’s G20 damp squib Campaigning for Mexico’s election on 2nd June officially kicks off today. The presidential front-runner, Claudia Sheinbaum, will probably continue the social policies of her predecessor but is likely... 1st March 2024 · 7 mins read
China Economics Weekly What to watch at the National People’s Congress The annual meeting of China’s parliament will open on Tuesday with a panoply of speeches and reports. Here’s what to focus on. 1st March 2024 · 6 mins read
Asia Economics Weekly Korea: President Yoon’s rise in popularity boosts reform hopes President Yoon Suk-yeol has seen a rebound in his popularity in recent weeks, helped in part by the strong stance he has taken against the country’s striking junior doctors. The improvement in the... 1st March 2024 · 6 mins read
Middle East & North Africa Economics Weekly Ras el Hekma deal, Qatar’s LNG expansion boost The deal in which Abu Dhabi’s sovereign wealth fund, ADQ, will invest $35bn in the Ras el-Hekma project will provide much needed foreign currency inflows for Egypt’s economy. But, even with this... 29th February 2024 · 7 mins read
UK Economics Update Spring Budget 2024 Checklist This is an updated checklist which takes into account our latest expectations for the Spring Budget. The checklist helps clients keep track of the key policies and forecasts announced during the... 28th February 2024 · 3 mins read
Middle East & North Africa Economics Update Egypt: Ras el Hekma deal paves the way for policy shift The $35bn deal struck between Egypt’s government and the Abu Dhabi sovereign wealth fund, ADQ, will go some way towards alleviating acute balance of payments strains and pave the way for an enhanced... 27th February 2024 · 4 mins read
Emerging Europe Economics Weekly CEE wage growth still hot, new Russia sanctions The latest wage data released out of Poland and Hungary this week showed that labour cost pressures have remained very strong in parts of Central and Eastern Europe (CEE). So despite another slew of... 23rd February 2024 · 9 mins read
Latin America Economics Weekly Venezuelan inflation, Mexico’s slowdown Inflation and activity figures out of Mexico this week bolster our view that consensus growth forecasts for 2024 look a bit too optimistic and that Banxico will start its monetary easing cycle next... 23rd February 2024 · 6 mins read
Middle East & North Africa Economics Weekly Tunisia’s unorthodox policy shift, Egypt’s Unified Budget Act While Tunisia's government managed to avert default this week by meeting a Eurobond repayment, it only did so by draining already low FX reserves. With the new central bank governor set to take... 22nd February 2024 · 6 mins read
Event EM Drop-In: Russia election 2024 – War, sanctions and commodities 1710255600 The outcome of Russia’s presidential election is a forgone conclusion.
Emerging Markets Economics Update Unpacking this year’s EM bond issuance bonanza EM sovereigns have issued a record amount of FX debt at the start of this year, capitalising on a window created by the decline in US Treasury yields since October. The issuance has been concentrated... 20th February 2024 · 4 mins read
Event UK Drop-In: Spring Budget 2024 – Jeremy Hunt goes shopping for votes 1709737200 The UK Chancellor may use his 6th March Spring Budget to splash the cash and try to win voter support for the beleaguered Conservative party ahead of an expected electi
