Middle East & North Africa Economics Update UAE equities continue to soar Stock markets across the MENA region have outperformed other emerging markets since the start of the year. By far the strongest performers have been equity markets in the UAE. 29th April 2013 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Mar. 13) Land Registry data for March showed that house prices are essentially flat, rising by just 0.1% during the month. It is hard to see what will generate price rises, but in the absence of a major shock... 29th April 2013 · 1 min read
Emerging Europe Chart Pack A soft start to the year The slowdown in growth in Emerging Europe appears to have bottomed out in the first quarter of this year. We estimate that, at an aggregate level, the region grew by around 0.8% y/y, in line with... 29th April 2013 · 1 min read
Europe Data Response Euro-zone EC Survey (Apr.) April’s EC consumer and business survey supports other evidence that the euro-zone economy could contract again in Q2, marking the region’s longest ever recession. 29th April 2013 · 1 min read
US Economics Weekly Low inflation may concern the Fed The Fed’s preferred PCE measure of core inflation could soon fall to around 1%. Together with the recent weakening in the tone of the incoming activity data, this may mean the Fed is less inclined to... 29th April 2013 · 1 min read
Japan Economics Weekly Doubts lingering at the BoJ Friday’s Bank of Japan meeting was mainly concerned with tying up loose ends left over after the policy overhaul earlier in April. But it also revealed that some Policy Board members are unconvinced... 29th April 2013 · 1 min read
Capital Daily Euro more vulnerable to euro-zone crisis flare-up than ECB policy 29th April 2013 · 1 min read
UK Economics Weekly A new dawn? Last week’s revelation that GDP expanded by 0.3% in Q1 will have brought relief to the Chancellor and was a welcome piece of good news following a long period of generally gloomy economic data. But... 29th April 2013 · 1 min read
Canada Economics Weekly Spending abroad pinching domestic retail sales The recent softening in retail sales suggests that household consumption growth has slowed almost to a crawl. Our analysis shows that retailers are struggling partly because households, enticed by the... 29th April 2013 · 1 min read
Europe Economics Weekly Will less austerity rescue the euro-zone? Hopes that euro-zone policymakers are set to sanction a reduction in the pace of fiscal tightening across the region rose further last week after EC President Jose Manuel Barroso suggested that the... 29th April 2013 · 1 min read
Asia Economics Weekly Is a credit bubble forming in Indonesia? Strong credit growth in Indonesia has led to concerns that the country could be planting the seeds of the next financial crisis. As this Weekly explains, these worries are overdone. The warning signs... 29th April 2013 · 1 min read
Latin America Economics Update Mexican rates on hold for the foreseeable future We suspect that the Mexican central bank (BANXICO) is set for another prolonged period of inactivity. High inflation will prevent additional rate cuts in the near term, while a rebound in economic... 26th April 2013 · 1 min read
Global Economics Update Global Monetary Indicators (Apr.) Japan’s adoption of a far more aggressive monetary policy stance early this month has left the ECB looking increasingly out of step with its peers. 26th April 2013 · 1 min read
US Data Response GDP (Q1 1st Estimate) The pick-up in first-quarter GDP growth to 2.5% annualised, from 0.4% in the final quarter of last year, was a little below the consensus forecast at 3.0%, but still impressive in a quarter that was... 26th April 2013 · 1 min read
Global Markets Outlook How much should markets fear a scaling back of QE3? We continue to assume that the crisis in the euro-zone will flare up during the second half of this year. And we also think the Fed will scale back its asset purchases during this period, before... 26th April 2013 · 1 min read
Africa Chart Pack Still a region of "two-speed" growth The latest data for South Africa suggest that the economy picked up pace in Q1, supported in large part by a rebound in mining production after last year’s strikes. Elsewhere in the region, although... 26th April 2013 · 1 min read
