Middle East & North Africa Economics Update Risks from rapid Saudi credit growth look manageable The rapid expansion of credit in Saudi Arabia is beginning to look like a cause for concern. If sustained, it could be followed by a rise in non-performing loans. Nonetheless, the country seems well... 25th November 2013 · 1 min read
Africa Economics Update Currencies likely to face renewed pressure African currencies have remained broadly stable over the past month or so but, looking ahead, the general trend is likely to be one of weakness against the US dollar over the next year. In particular... 25th November 2013 · 1 min read
Emerging Europe Economics Update The economic implications of Ukraine's move towards Russia There’s a lot of uncertainty about what will happen next in Ukraine following the government’s decision to suspend preparations for an Association Agreement with the EU, apparently under pressure from... 25th November 2013 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Oct. 13) The BBA reported a slight fall in mortgage approvals for house purchase in October, ending a seven month run of expansion. While we expect that approvals will continue to grow over the coming months... 25th November 2013 · 1 min read
Latin America Economics Update Peru: entering an era of slower growth A highly favourable external backdrop has transformed Peru into one of the region’s undoubted growth stars over the course of the past decade, but the latest GDP data suggest that the tide has now... 25th November 2013 · 1 min read
Capital Daily A shift in Fed's policy mix could reassure bond investors 25th November 2013 · 1 min read
Canada Economics Weekly OECD's call for higher interest rates misplaced The OECD's suggestion that the Bank of Canada may need to raise interest rates soon is misplaced for two reasons. First, it underestimates the amount of monetary policy stimulus that will be needed to... 25th November 2013 · 1 min read
Europe Economics Weekly External sector won’t drive the recovery September’s euro-zone trade data and November’s PMI surveys, both released last week, gave mixed signals on how the euro-zone’s external sector is developing. Whilst the survey data suggested that... 25th November 2013 · 1 min read
US Economics Weekly Fed looking to change the mix rather than stance of policy The Fed is clearly looking to offset the market impact from any decision to wind down its asset purchases by strengthening its commitment to leave its policy rate at near-zero for several more years... 25th November 2013 · 1 min read
UK Economics Weekly Coalition still struggling to take credit for recovery This week’s second estimate of GDP looks set to confirm that the UK economy was the fastest growing G7 economy in the third quarter. But the Government’s shortfall in the opinion polls suggests that... 25th November 2013 · 1 min read
Japan Economics Weekly Is Japan's dual labour market such a big problem? Japan’s dual labour market undoubtedly has some economic costs, as non-regular workers are much less productive than regular employees. However, the degree of labour market duality is not vastly... 25th November 2013 · 1 min read
Asia Economics Weekly China's Third Plenum reforms - what they mean for Asia The recently concluded Third Plenum in China has raised hopes that the country’s new leadership is serious about the need for meaningful reform and a rebalancing of the economy. This Weekly looks at... 25th November 2013 · 1 min read
Canada Data Response Consumer Price Index (Oct.) October's muted core inflation reading illustrates the considerable economic slack that remains and supports the Bank of Canada's recent decision to discard its tightening bias. With an acceleration... 22nd November 2013 · 1 min read
Emerging Markets Economics Chart Pack EM exporters benefit from Chinese rebound EM exporters appear to have benefited from the recent investment-led rebound in China. But with China's infrastructure spending now easing again and policymakers determined to rein in credit growth... 22nd November 2013 · 1 min read
Emerging Europe Economics Update Russian and Turkish markets continue to underperform It’s been a bumpy few weeks for equities and currencies in the region. Those in the two largest economies, Turkey and Russia, have underperformed. Meanwhile, the Czech koruna has posted the largest... 22nd November 2013 · 1 min read
Europe Data Response German Ifo Survey (Nov.) November’s German Ifo index echoed the message of the ZEW survey and PMI that the economy might have regained a bit of momentum in the fourth quarter. But growth looks set to be steady rather than... 22nd November 2013 · 1 min read
