Latin America Chart Pack Rates to stay lower than the market expects Latin American central banks have taken divergent paths in 2013. Whereas Brazil started to hike interest rates in April, both Colombia and Mexico have trimmed their benchmark rates this year... 31st July 2013 · 1 min read
Canada Data Response GDP (May) Canada's economy regained some lost momentum mid-way through the last quarter, with real GDP expanding by 0.2% m/m in May. (See Chart.) Taking into consideration the likely weakness in June's GDP due... 31st July 2013 · 1 min read
US Data Response GDP (Q2 1st Estimate) Real GDP growth actually accelerated from 1.1% annualised in the first quarter to 1.7% in the second, suggesting that the recovery is gaining momentum and probably strengthening the Fed's resolve to... 31st July 2013 · 1 min read
Africa Economics Update Calm after the storm Financial markets in Africa were relatively calm in July following the wide-scale sell-off in June. Currencies, bonds and equities have rallied, although bond yields remain above the lows seen at the... 31st July 2013 · 1 min read
UK Housing Market Update Divergence in London house prices grows ever wider House prices in London as a whole have outperformed the rest of the country since the financial crisis, but this is not the case for all parts of the capital. Those boroughs with the highest prices... 31st July 2013 · 1 min read
UK Economics Focus Can the recovery continue without bank lending? The economic recovery has been gathering pace despite the absence of any pick-up in bank lending. We expect lending to remain weak. Although we don’t think that this will halt the recovery altogether... 31st July 2013 · 1 min read
Europe Data Response Euro-zone Flash CPI (Jul.) & Unemployment (Jun.) The latest news on euro-zone unemployment and inflation injected a slight note of caution after the recent run of better news from the region. 31st July 2013 · 1 min read
Middle East & North Africa Economics Update Early market optimism in Egypt already starting to fade Egypt’s financial markets initially reacted positively to the ouster of President Morsi at the start of this month. But as the dust has settled and the severity of the political and economic situation... 31st July 2013 · 1 min read
Japan Data Response Manufacturing PMI (Jul.) & Labour Cash Earnings (Jun.) The first drop in the manufacturing PMI since late last year indicates that the recovery may now be entering a slower phase. Meanwhile wage growth remains insufficient to compensate for rising... 31st July 2013 · 1 min read
Asia Economics Update Taiwan set for gradual recovery GDP data released today showed that Taiwan’s economy remained lacklustre in the second quarter. Growth is likely to remain weak in the near-term but, with the global economy set to record a slow, but... 31st July 2013 · 1 min read
Canada Economics Update Global potash price slump won't harm Canada's economy The anticipated slump in potash prices should have only a minor impact on Canada's economy. Potash mining represents a tiny share of Canada's GDP and exports. Moreover, the relatively lower cost of... 30th July 2013 · 1 min read
Canada Economic Outlook Canada poised for slow growth Canada's economy is poised for a long period of slow growth, as the mining investment boom simmers down and other parts of the economy such as housing or exports are either over-extended or growing... 30th July 2013 · 1 min read
US Data Response Conf. Board Consumer Confidence (Jul.) Despite impressive gains in equity prices, the recent rebound in gasoline prices and rising interest rates hit consumer confidence in July. The Conference Board measure dropped back modestly to 80.3... 30th July 2013 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates & Case-Shiller (Q2/May) Three years after home sales started rising, and a year and a half since house prices turned up, the homeownership rate remains at an 18-year low. 30th July 2013 · 1 min read
Europe Economics Update Euro-zone Fiscal Monitor (Jul.) The latest figures on the public finances show that Italy and Portugal are struggling to reduce their budget deficits, but Ireland, Greece and Spain are faring rather better. 30th July 2013 · 1 min read
