Africa Economics Update The regional implications of Nigeria’s GDP revisions Revisions to measured GDP in Nigeria means the country now has a larger weight in regional GDP, accounting for a third of sub-Saharan Africa’s (SSA’s) economy. Given that Nigeria is likely to... 8th April 2014 · 1 min read
Emerging Markets Economics Update Picking apart the prospects for “frontier markets” After a stellar run over the past decade or so, growth across “frontier markets” as a whole is likely to slow over the next couple of years. But the moderation in aggregate growth will mask important... 8th April 2014 · 1 min read
Asia Economics Update Bank Indonesia to keep rates unchanged this year Bank Indonesia (BI) left interest rates on hold today and is unlikely to change its stance any time soon. Falling inflation and fading external vulnerabilities suggest further rate hikes are no longer... 8th April 2014 · 1 min read
UK Data Response Industrial Production (Feb.) February’s official figures showed that the recovery in the industrial sector still has plenty of momentum. As a result, they provided reassurance that the economic recovery is broad-based and is... 8th April 2014 · 1 min read
Emerging Europe Economics Update The economic implications of Ukraine’s IMF deal Unrest in the east of Ukraine has cast the spotlight back onto the political troubles facing the country’s interim government. What happens from here is highly uncertain, but in the meantime the... 8th April 2014 · 1 min read
UK Commercial Property Update How might reshoring affect commercial property? Offshoring in the services sector hasn’t obviously undermined office demand or rents and so it is difficult to see any benefits now from a reverse process of reshoring. But the positive impact for... 8th April 2014 · 1 min read
Japan Economics Update Expectations of mid-year easing likely to be disappointed The markets may be disappointed in coming months as we think the Bank of Japan (BoJ) will announce further monetary easing later than many expect. We continue to favour October, rather than July. 8th April 2014 · 1 min read
UK Housing Market Chart Pack Housing market recovery coming off the boil The housing market recovery looks to be losing a little steam, with a number of indicators dropping back over the past month. While that may partly reflect the poor weather, it could also be a sign... 8th April 2014 · 1 min read
Japan Data Response Economy Watchers Survey (Mar.) Today's Economy Watchers Survey confirms that the outlook for the second quarter remains dire. 8th April 2014 · 1 min read
China Economics Update Inflation Monitor (Apr.) Seasonal volatility in food inflation continues to cause swings in consumer price inflation. However, with broader price pressures subdued and little sign of major policy loosening on the horizon, the... 8th April 2014 · 1 min read
Japan Data Response Current Account (Feb.) The decline in the current account deficit in February was hardly surprising. Looking ahead, we expect the balance to return to surplus. 8th April 2014 · 1 min read
Europe Economics Weekly ECB to follow words with actions before long Although President Draghi adopted a softer tone at last week’s interest rate press conference, the ECB decided to once again keep its powder dry. However, given the weak recovery and subdued inflation... 7th April 2014 · 1 min read
Canada Economics Update Business confidence improves amidst uncertain outlook The modest improvement evident in the Bank of Canada's spring Business Outlook Survey is an encouraging sign, but doubts remain about the near-term outlook for exports and softening domestic demand... 7th April 2014 · 1 min read
Global Markets Update What is the outlook for US corporate bond spreads? At around 170bp, the spread over Treasuries of US corporate bonds with a 7-10 year maturity and BBB rating is now less than its average of the last quarter of a century and the smallest since before... 7th April 2014 · 1 min read
