Global Economics Update Global growth rose in Q3, but recovery still uneven We estimate that world GDP growth accelerated in the third quarter, mainly thanks to a summer rebound in China and faster growth in the US and UK. Looking ahead, global growth may slow a bit as... 14th November 2013 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Underlying conditions improving The latest economic activity data point to strengthening conditions in parts of Europe outside of the single currency region. Hence, commercial property occupier demand seems to be holding up fairly... 14th November 2013 · 1 min read
Commodities Update Gold demand statistics not all bad news Data published by the World Gold Council today report that global demand for gold fell by more than a fifth in Q3 relative to the same period a year earlier, as Western investor appetite waned and... 14th November 2013 · 1 min read
Europe Economics Update Dutch firms will not power a decent recovery Dutch investment has expanded strongly in recent quarters. But, while firms are in much better financial health than households, they won’t drive a decent recovery in the wider economy. 14th November 2013 · 1 min read
UK Economics Chart Pack Recovery continues, but no consumer boom Data for the early part of Q4 suggests that the consumer recovery may be stumbling slightly. But the picture should improve in the run-up to Christmas. October’s sharp drop in inflation, combined with... 14th November 2013 · 1 min read
US Housing Market Chart Pack More signs of a slowdown in housing market activity The latest data provide further evidence that housing market activity has come off the boil. Existing home sales declined in September, and the sharp drop in pending home sales points to more falls... 14th November 2013 · 1 min read
Europe Economics Update Greek recession shows no signs of ending Q3’s GDP figures suggest that Greece is not yet benefitting from the modest economic revival in the euro-zone as a whole and we continue to think that the economic forecasts on which its bail-out... 14th November 2013 · 1 min read
Latin America Economics Update Brazil’s recovery fizzles out in Q3 The sharp pick-up in Brazilian growth in the second quarter of this year seems to have fizzled out in the third quarter. Indeed, it's possible that GDP data due to be released early next month will... 14th November 2013 · 1 min read
Global Economics Update Reform of international monetary system: off the agenda? Many commentators have attributed the sequence of crises in emerging markets since the 1980s and the global financial crisis of 2008/09 at least partly to shortcomings of the international monetary... 14th November 2013 · 1 min read
Emerging Markets Trade Monitor Commodity exporters lag behind in EM export recovery We wouldn't read too much into the slowdown in EM export growth in September. The monthly data are volatile and there are already signs that exports rebounded in October. Nonetheless, EM export growth... 14th November 2013 · 1 min read
Middle East & North Africa Economics Update Subsidy cuts – lessons from Jordan The swingeing fuel subsidy cuts imposed by Jordan's government a year ago have, so far at least, made few inroads in narrowing the country's fiscal deficit. Measures to replace subsidies have tended... 14th November 2013 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q3 13) With the economy and labour market recovering at the same time as mortgage rates have seen further falls, it is not surprising that arrears and possessions have declined. But household finances are... 14th November 2013 · 1 min read
UK Data Response Retail Sales (Oct.) October’s surprise fall in retail sales volumes highlights that, despite the hype over the economic recovery, the revival in the consumer sector remains a fragile one. That said, October’s... 14th November 2013 · 1 min read
Europe Data Response Euro-zone GDP (Q3) The near-stagnation of the euro-zone economy in the third quarter underlines the fragility of the recovery and the growing dangers of a damaging bout of deflation in the region. 14th November 2013 · 1 min read
Emerging Europe Economics Update Eastern Europe shrugs off euro-zone slowdown Central and South Eastern Europe seems to have shrugged off the slowdown in the euro-zone in the third quarter of this year, with growth accelerating in most countries. The exception was the Czech... 14th November 2013 · 1 min read
Asia Economics Update Pakistan finally gets serious about inflation The State Bank of Pakistan (SBP) hiked its policy rate for the second time in two months yesterday. This represents a sharp turnaround from earlier this year, when the central bank cut rates despite a... 14th November 2013 · 1 min read
