Emerging Europe Economics Update “Lira-isation” policies are no cure for Turkey’s problems Policymakers in Turkey have doubled down on their new economic model of “lira-isation” by pursuing more extreme de-dollarisation policies in recent months. These appear to be having an impact in terms... 20th October 2022 · 8 mins read
Middle East & North Africa Economics Weekly The IMF & MENA, Saudi’s industry strategy, oil demand Tunisia’s staff-level agreement with the IMF for a new deal should reduce concerns of a messy balance of payments crisis, but a sovereign debt restructuring still looks likely. Egypt, meanwhile, looks... 20th October 2022 · 6 mins read
Event Asia Drop-In: China’s Congress, more yen weakness, hawkish central banks and more 1666857600 Economists from across our Asia teams were online for this 20-minute briefing on the region’s big investment stories.
Climate Economics Update Deforestation a key issue in Brazil’s election Environmental policy is one channel through which Brazil’s presidential election has global implications. The country is the single largest source of deforestation in the world and, with deforestation... 17th October 2022 · 5 mins read
UK Economics Rapid Response Chancellor Statement (17th Oct.) The Chancellor didn’t just do a further U-turn on the Truss/Kwarteng policies in his statement today, he essentially wiped them out in an attempt to reassure the financial markets that the government... 17th October 2022 · 3 mins read
Middle East & North Africa Economics Update Tunisia’s IMF deal: still more work to do The news that Tunisia has reached a staff-level agreement with the IMF over a $1.9bn financing package provides hope that the economy will avoid a messy balance of payments crisis. But there are still... 17th October 2022 · 4 mins read
China Economics Update Xi wants a more self-sufficient and socialist China General Secretary Xi’s Report to the Party Congress signalled a further shift away from market-based reforms in favour of a state-led campaign to increase self-sufficiency and economic security... 17th October 2022 · 6 mins read
UK Economics Weekly Fiscal crisis to market crisis to political crisis The sacking of the Chancellor and the U-turn on corporation tax might not be enough for the government to regain the full confidence of the financial markets. For that to happen, more may need to be... 14th October 2022 · 9 mins read
UK Economics Rapid Response Chancellor sacked, further mini-budget U-turns (14th Oct.) 14th October 2022 · 4 mins read
China Economics Weekly The reshuffle of Xi’s economic team The Party Congress begins on Sunday. There’s little doubt that it will mark the start of a third term in power for Xi Jinping. What’s less clear is whether retirement norms will still apply to other... 14th October 2022 · 10 mins read
Middle East & North Africa Economics Weekly US-Saudi relations, Lebanon maritime deal, Tunisia crisis The past week has brought further evidence that the relationship between Saudi Arabia and the US has soured after OPEC+ opted to cut oil quotas – Saudi Arabia is clearly leaning away from the US orbit... 13th October 2022 · 6 mins read
Middle East & North Africa Economics Focus Egypt to suffer short-term economic pain Spillovers from the war in Ukraine and tighter external financing conditions have exacerbated strains in Egypt’s balance of payments and we think the pound needs to fall a lot further. This will add... 13th October 2022 · 15 mins read
China Economics Update Zero-COVID is here to stay There is no prospect of China lifting its zero-COVID policy in the near future and it probably won’t happen before the end of 2023. If the leadership did want to transition to living with the virus... 13th October 2022 · 6 mins read
