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
Event China Drop-In: Why China’s NPC won’t fix what ails its economy 1709625600 The 2024 National People’s Congress (NPC) will take place against a backdrop of acute concern about the Chinese economic outlook.
UK Economics Weekly Soft landing intact as mild recession nearing an end It’s debatable whether the small falls in GDP should be considered a recession, although the decline in GDP per capita has been larger. Either way, timely indicators suggest the economy may be coming... 16th February 2024 · 6 mins read
Latin America Economics Update Milei’s shock therapy hits congressional reality Argentine President Javier Milei’s ambitious economic reform plans have quickly run into political obstacles. There’s still plenty of fiscal tightening that Milei is likely to undertake and there have... 15th February 2024 · 5 mins read
UK Economics Focus What does the election mean for the UK economy? The next general election won’t be as pivotal for the economy or the markets as the elections in 2017 and 2019. Moreover, whoever wins will be constrained by interest rates having risen relative to... 13th February 2024 · 31 mins read
Latin America Economics Update Pemex debt fears back in the spotlight Moody’s downgrade of Pemex at the end of last week reinforces the view we set out last year that the next government in Mexico will prove to be less supportive of the troubled state energy company... 12th February 2024 · 4 mins read
Asia Economics Update Pakistan: election result bad news for the economy Pakistan’s general election has thrown the country’s political scene into turmoil, with no party emerging with a majority from Thursday’s poll. A hung parliament may complicate the country’s upcoming... 9th February 2024 · 3 mins read
