Commodities Update Grain stocks lower but prices to stay on downward trend Wheat and corn prices have risen over recent days as the USDA revised down its projections for year-end stocks. However, we still expect prices to fall during 2013 as supply improves and the... 14th January 2013 · 1 min read
Latin America Economics Update Colombian interest rates to fall further as growth falters Record levels of foreign direct investment into the commodities sector suggest that Dutch Disease will continue to drag on the Colombian economy this year. We expect policymakers to react with another... 14th January 2013 · 1 min read
UK Housing Market Outlook Little prospect of a housing market recovery in 2013 While house prices held up better than we expected towards the end of last year, the market’s underlying fundamentals remain unfavourable. Therefore, we have not made major adjustments to our housing... 14th January 2013 · 1 min read
Emerging Markets Economics Update How is government spending affecting EM growth? In parts of the emerging market world, an increasingly pro-cyclical government spending bias threatens to contribute to a more volatile pattern of growth. Within Latin America there is a risk that... 14th January 2013 · 1 min read
Africa Economics Update South Africa: another tough year ahead South African markets have enjoyed a stellar start to 2013. Equities have surged to new record highs, while bond markets have shrugged off recent ratings downgrades. But while the markets have rallied... 14th January 2013 · 1 min read
Asia Economics Update Latest data support case for rate cut in India India’s growth rate, rather than rebounding as many hoped, may be stabilising at a low level. But the latest fall in underlying inflation does at least provide a green light for the central bank to... 14th January 2013 · 1 min read
Europe Data Response Euro-zone Industrial Production (Nov. 12) November’s euro-zone industrial production data provided further strong signs that the recession in the region as a whole intensified in the final quarter of last year. 14th January 2013 · 1 min read
Middle East & North Africa Economics Update Saudi stimulus to help economy grow at healthy pace The rise in government spending announced in the Saudi budget for this year reinforces our view that supportive fiscal policy should enable the economy to continue to perform well despite a weak... 14th January 2013 · 1 min read
Capital Daily Japan’s stock market buoyed by announcement of fiscal stimulus 14th January 2013 · 1 min read
UK Economics Weekly Mixed report card for the Government The key message from the high street since the start of the year is that the Christmas period turned out to be pretty lacklustre. Meanwhile, the Government last week published its mid-term review and... 14th January 2013 · 1 min read
Canada Economics Weekly Is business uncertainty holding the economy back? The uncertainty created by the fragile global backdrop and the potential fight brewing over the US debt ceiling are hurting Canadian business investment, and will continue to hold the economy back in... 14th January 2013 · 1 min read
US Economics Weekly $1trn coin not a realistic option The fanciful idea that the US Treasury could circumvent the debt ceiling by minting a $1trn platinum coin suddenly exploded in popularity last week. This is never going to happen. One question that... 14th January 2013 · 1 min read
Japan Economics Weekly Spending more just to stand still The announcement of the government’s ¥10.3 trillion supplementary budget on Friday has been widely welcomed. However, it is unlikely to provide the boost to the economy the Cabinet Office expects. In... 14th January 2013 · 1 min read
Asia Economics Weekly What to expect of Asia's exports this year We expect growth in the developed world to be sluggish in 2013, which suggests that Asia’s exports are unlikely to be strong. But the downside will be mitigated by Asia’s exports increasingly going to... 14th January 2013 · 1 min read
Europe Economics Weekly ECB keeps its head in the sand The ECB’s comments last week dealt a blow to any hopes that it might provide more support to the euro-zone economy. With financial market conditions improving, the Bank no longer seems to be... 14th January 2013 · 1 min read
UK Economics Update The themes of the festive trading period It is looking pretty clear that the festive period was fairly underwhelming in terms of overall sales for the retail sector. But what do the retailers’ updates tell us of winners, losers and other... 11th January 2013 · 1 min read
