Emerging Markets Financial Risk Monitor EM Financial Risk Monitor (Apr. 2025) Higher US import tariffs and softening expectations for global growth have caused large capital outflows from EMs. But our currency crisis risk indicators suggest that EMs are well placed to weather... 30th April 2025 · 1 min read
Climate Economics Monthly Tariffs and green tech; Canada’s “carbon tax” election New US tariffs announced this month will raise the cost of green technologies and add to the growing list of headwinds facing the green transition under President Trump. Meanwhile, the Liberals’... 30th April 2025 · 5 mins read
Commodities Update Critical mineral tug of war is not a major macro risk This Update answers several key questions on critical minerals and the economic implications. In short, there is no quick fix to securing access to minerals given the extent of China’s advantage... 30th April 2025 · 6 mins read
Asia Chart Pack Asia Chart Pack (April 2025) Our Asia Chart Pack has been updated with the latest data and our analysis of recent developments. Trump’s 90-day pause on reciprocal tariffs offers welcome breathing room for Asia (outside China) and... 30th April 2025 · 0 mins read
India Economics Update Healthy monsoon would boost India’s economy A robust monsoon this year – as predicted by experts – wouldn’t have as big an impact on India’s economy as it would have had a couple of decades ago. But it could boost employment and energy... 30th April 2025 · 3 mins read
China Rapid Response China PMIs (Apr. 2025) The drop in the PMIs likely overstates the impact of tariffs due to negative sentiment effects, but it still suggests that China’s economy is coming under pressure as external demand cools. While the... 30th April 2025 · 2 mins read
Japan Economics Focus Japanese bank outperformance has a bit further to go Japanese banks are the one sector benefitting from the BoJ’s tightening cycle as higher interest rates lift their income by more than their expenses. And although they’ve struggled more recently amid... 30th April 2025 · 19 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Mar. 25) 30th April 2025 · 2 mins read
China Chart Pack China Chart Pack (Apr. 25) US tariffs will start to weigh on China’s export growth soon. Domestic headwinds are also set to persist. A significant loosening of fiscal policy will help support the economy, but it won’t be enough... 29th April 2025 · 0 mins read
China Activity Monitor CAP: China’s Q1 growth weaker than officials claim Our China Activity Proxy calls into question the consensus view, based on the official GDP figures, that China’s economy remained resilient at the start of this year. Despite some improvement in March... 29th April 2025 · 2 mins read
India Chart Pack India Chart Pack (April 2025) India’s economy is emerging from its recent soft patch. Headline CPI inflation should remain close to the RBI’s 4% target over the coming months, enabling the central bank to continue easing monetary... 29th April 2025 · 1 min read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q1 2025) 30th April 2025 · 2 mins read
Asia Economics Focus Will Asia benefit from China's plunging US exports? Parts of South East Asia, notably Vietnam, as well as India are well placed to immediately gain market share in response to penal US tariffs on Chinese imports. But uncertainty over the future tariff... 29th April 2025 · 14 mins read
Asia Economics Update The economic impact of rising tensions in Kashmir Provided it was limited just to Kashmir, a period of fighting between Pakistani and Indian forces would have a small impact on the overall economy of either country. The closing of the only land trade... 28th April 2025 · 3 mins read
