Nordic & Swiss Economics Update Iceland’s debt write-down plan will support the recovery Iceland’s controversial plan for more debt relief for indebted households is, despite some risks, a positive for the economy. But the scope for similar measures in the euro-zone’s periphery is limited... 17th December 2013 · 1 min read
Capital Daily Fed taper unlikely to cause a rout in long-term US Treasuries 16th December 2013 · 1 min read
Global Economics Update December business surveys suggest growth levelling off The world economy has gained momentum during the past twelve months, but the latest evidence, including several business surveys published today, suggests that it may no longer be accelerating. 16th December 2013 · 1 min read
US Data Response Industrial Production (Nov.) The strong increase in November took the level of industrial production back above the pre-recession peak for the first time and provided more evidence that economic growth is gaining momentum. 16th December 2013 · 1 min read
US Economics Update Monetary Indicators Monitor (Nov.) Broad money growth continues to slow very gradually but, with the annual growth rate of our M3 measure still at a healthy 5.8% in November, there is no reason for concern, particularly not when... 16th December 2013 · 1 min read
Emerging Europe Economics Update How big is the deflation threat in Central Europe? The weakness of the latest inflation data in Central Europe has sparked fears that, like the euro-zone, the region could be at risk of falling into a deflationary spiral. In this Watch, we argue that... 16th December 2013 · 1 min read
Europe Data Response Euro-zone Trade (Oct.) The latest euro-zone trade data highlight that the external sector remains too weak to singlehandedly power an economic recovery. 16th December 2013 · 1 min read
UK Economics Update Labour Market Monitor (Dec.) The odds seem in favour of Wednesday’s labour market figures revealing another fall in the jobless rate. While in recent months the MPC has tried to downplay the importance of the unemployment... 16th December 2013 · 1 min read
Europe Data Response Euro-zone Flash PMIs (Dec.) December’s small rise in the euro-zone composite PMI came as a bit of a relief after the previous two monthly falls. But the index still suggests that GDP growth in the region is likely to have been... 16th December 2013 · 1 min read
China Data Response HSBC/Markit Flash Manufacturing PMI (Dec.) Today’s downbeat flash PMI leaves little doubt that the manufacturing sector is now cooling. Tighter access to credit will continue to weigh on growth in 2014. 16th December 2013 · 1 min read
Japan Data Response Tankan (Q4) The Bank of Japan's Tankan survey showed a further improvement in business conditions in the fourth quarter. However, the pace of the improvement has slowed, which points to a slowdown in GDP growth. 16th December 2013 · 1 min read
US Economics Weekly Strong pace of sales growth also supports QE taper Last week we learned that business inventories and sales both posted sizeable gains in October, while the retail sales figures showed another decent gain in November. As a result, we now expect fourth... 16th December 2013 · 1 min read
Canada Economics Weekly Canada still facing multitude of risks The Bank of Canada's latest semi-annual Financial System Review was a stark reminder that a lot could go wrong for Canada over the next year or two. While highlighting the progress in Europe, it now... 16th December 2013 · 1 min read
Europe Economics Weekly Banking Union progress offers little near-term relief Last week, euro-zone policy-makers moved closer to an agreement on the Single Resolution Mechanism responsible for handling failed banks. But while this is certainly a positive step, it will leave the... 16th December 2013 · 1 min read
UK Economics Weekly Is wage growth about to pick up? Recent survey evidence suggests that wage growth may finally be starting to recover. The latest surveys from both the Recruitment and Employment Confederation (REC) and the British Chambers of... 16th December 2013 · 1 min read
Asia Economics Weekly Our key calls for 2013: how did they stack up? In our final Weekly of 2012 we outlined our key calls for the year ahead. We'll be doing the same again next week before heading off for our Christmas break. This week we take a look back at how we... 16th December 2013 · 1 min read
