Africa Chart Pack South Africa: A year to forget The final round of South African data released this year supported our view that the economy faltered in recent months. Output fell by 0.6% q/q saar in Q3, and the latest figures suggest that the... 18th December 2019 · 13 mins read
Middle East & North Africa Chart Pack Political troubles casting a shadow Political developments across Algeria, Tunisia and Lebanon threaten to exacerbate already-poor balance of payments positions. Presidential elections that took place in Algeria last week don’t appear... 17th December 2019 · 14 mins read
Emerging Europe Chart Pack Central bank’s easing cycles running their course Policymakers in Russia and Turkey have loosened monetary policy more than elsewhere in the emerging world over the past few months, but we think that easing cycles are nearing an end. Communications... 17th December 2019 · 15 mins read
Emerging Markets Economics Chart Pack 2020 to be better than 2019 Economic growth across the emerging world has slumped this year but, with the important exception of China, recoveries should take hold in 2020. Recent interest rate cuts will keep financial... 17th December 2019 · 9 mins read
Emerging Europe Chart Pack Core inflation hits multi-year highs across CEE Headline inflation has eased across Central and Eastern Europe (CEE) over the past few months, but that was entirely due to falling food and fuel inflation; core price pressures have continued to... 28th November 2019 · 15 mins read
Africa Chart Pack Regional giants both stumble Figures released over the past month painted a very downbeat picture of economic conditions in Africa’s two largest economies. Growth in Nigeria did, admittedly, pick up a touch in Q3. But activity... 28th November 2019 · 14 mins read
Middle East & North Africa Chart Pack Aramco IPO looks set to underwhelm Preparations for the public listing of Saudi state oil company, Aramco, have stepped up a gear this month but the signs are that it is unlikely to be the blockbuster sale that the Kingdom once hoped... 25th November 2019 · 14 mins read
Africa Chart Pack Africa: Policy moves make headlines in key economies Policymakers in South Africa and Angola admitted the severity of their countries’ economic problems this month, while their Nigerian peers moved further down the road to autarky. South Africa’s... 31st October 2019 · 14 mins read
Emerging Europe Chart Pack Rate cuts fuel rally in Russian & Turkish bonds Large interest rate cuts and dovish comments from central banks in Russia and Turkey this month drove rallies in both countries’ local currency bond markets. The yields on sovereign 10-year local... 29th October 2019 · 15 mins read
Emerging Markets Economics Chart Pack EM core inflation weakest on record The continued decline in core inflation across many emerging markets supports our view that most central banks’ easing cycles have further to run. Our measure of EM core inflation fell to 2.8% y/y... 18th October 2019 · 9 mins read
Emerging Europe Economic Outlook Russia and Turkey to recover, CEE to lose its shine Looser policy will support stronger economic growth in Russia, as well as in Turkey (so long as US sanctions don’t get much worse), in the coming quarters. In contrast, the economies of Central and... 16th October 2019 · 26 mins read
Middle East & North Africa Chart Pack Political risks return to the fore Events this month have highlighted the risks posed by politics to the region’s two largest economies. While Saudi Arabia initially suspended around half of its daily oil output following attacks on... 30th September 2019 · 14 mins read
Emerging Europe Chart Pack Cracks showing in Central Europe The economies of Central and Eastern Europe (CEE) shrugged off ongoing troubles in the euro-zone economy for most of 2019 but the latest data offer evidence that this now taking a bigger toll... 26th September 2019 · 15 mins read
Africa Chart Pack Growth and debt worries mount across the region Figures released over the past month brought bad news for almost all of Sub-Saharan Africa’s key economies. After a surprisingly-strong rebound in Q2, growth in South Africa seems to have slowed at... 26th September 2019 · 13 mins read
Emerging Markets Economics Chart Pack More good news than bad For all the talk of a global slowdown, the incoming data from the emerging world have been encouraging. Having bottomed out in Q2, GDP growth held steady at around 3.5% y/y at the start of Q3. EM... 20th September 2019 · 10 mins read
Africa Chart Pack African reform: Two steps forward, one step back Officials in Ethiopia and South Africa enacted or proposed key economic reforms this month, while their peers in Nigeria retreated towards more protectionist policymaking. Recent developments have... 29th August 2019 · 14 mins read
