UK Economics Weekly MPC still likely to tread cautiously Mark Carney’s statement in his Mansion House speech on Thursday evening that “the first rise in interest rates …could happen sooner than markets currently expect” looked like a pretty plain signal... 16th June 2014 · 1 min read
Canada Economics Weekly Housing affordability a major problem While the Canadian government has been tightening its macro-prudential housing rules over the past five years, housing valuations have continued to inflate and household financial leverage has climbed... 16th June 2014 · 1 min read
Capital Daily On Iraq; UK and US interest rates, and corporation tax in Japan... 16th June 2014 · 1 min read
US Economics Weekly Fed will focus on improving labour market GDP growth over the first half of this year could average less than 1% annualised. At the same time, however, labour market conditions have strengthened and price inflation appears to be picking up... 16th June 2014 · 1 min read
Asia Economics Weekly How will Emerging Asia fare over the next decade? In recent decades Emerging Asia has consistently set the global benchmark for economic growth. In this Weekly we look at prospects for the next decade. Overall, while Emerging Asia should continue to... 16th June 2014 · 1 min read
Europe Economics Weekly Peripheral industry on its feet but not ready to run Industrial production is now expanding faster in the euro-zone’s periphery than in the core. While this reflects progress made towards restructuring in the peripheral economies, industry still faces... 16th June 2014 · 1 min read
Japan Economics Weekly Could a revamped GPIF lower the pension deficit? Pension provision is a significant drain on Japan's fiscal resources in part because the returns generated by the Government Pension Investment Fund (GPIF) have fallen short of those earned by... 16th June 2014 · 1 min read
Canada Data Response Survey of Manufacturing (Apr. 14) The disappointing decline in manufacturing sales in April was entirely due to lower prices, whereas sales volumes continued to recover from the weather-related drop late last year. With sales now... 13th June 2014 · 1 min read
US Data Response Uni. of Mich. Consumer Confidence (Jun.) The trivial decline in the University of Michigan's measure of consumer confidence to 81.2 in June, from 81.9, was mainly driven by steadily rising gasoline prices. Since most of the other key... 13th June 2014 · 1 min read
US Housing Market Update Is mortgage lending at a turning point? Tentative signs that rising house prices are increasing the ability of many households to meet minimum deposit criteria increase the chances that the most recent jump in mortgage applications might... 13th June 2014 · 1 min read
UK Housing Market Update Chancellor gives the Financial Policy Committee more powers While not groundbreaking, the new powers granted to the FPC strengthens their hand and could be a sign that greater regulation of the buy-to-let market is around the corner. That said, Carney’s hint... 13th June 2014 · 1 min read
Emerging Markets Economics Update Can the BRICs regain their vigour? Four charts to watch The slowdown in EM GDP growth over the past couple of years has been driven in large part by weakness in the four largest emerging economies, the BRICs. Much of this weakness has, in turn, been caused... 13th June 2014 · 1 min read
Europe Data Response Euro-zone Trade (Apr.) & Employment (Q1) April’s euro-zone trade data suggested that the strong euro continues to undermine export growth, highlighting that the ECB still has more to do to support the recovery. 13th June 2014 · 1 min read
Africa Economics Update Kenya revises up GDP as debut dollar bond issue nears In an attempt to drum up interest in its debut dollar bond issue, Kenya became the latest country in Africa to announce revisions to its measured GDP yesterday. Measured GDP has been revised up by... 13th June 2014 · 1 min read
Latin America Economics Update Interest rates on hold at 4% in Chile and Peru Policymakers in both Chile and Peru left interest rates unchanged at 4% last night and we expect above target inflation to restrict the room for rate cuts in the second half of the year. On balance... 13th June 2014 · 1 min read
Japan Economics Update Rumours of QQE's end have been greatly exaggerated Even though the BoJ left policy unchanged today and provided no indication that additional stimulus will be forthcoming any time soon, we think that it is premature to write off further easing. 13th June 2014 · 1 min read
