UK Economics Update A sustained recovery in spending not underway yet While real household spending posted a decent rise in the third quarter, at least half of the increase was due to the Olympics. And with the fourth quarter shaping up to be weak, a sustained recovery... 27th November 2012 · 1 min read
Europe Economics Update Greek deal delays the day of reckoning Euro-zone policymakers have found a bit more money down the back of the sofa to buy another sticking plaster for Greece. But the relatively easy options are running out fast. 27th November 2012 · 1 min read
Africa Economics Update South Africa: growth to remain subdued in 2013 South African GDP growth was worse than expected in Q3, and the outlook for the coming quarters is not very promising either. With strikes continuing to affect the mining sector, and signs of a... 27th November 2012 · 1 min read
UK Data Response GDP: Second Estimate & Expenditure Breakdown (Q3) GDP is still estimated to have risen by a solid 1% in Q3, but this primarily reflected temporary factors. Evidence is building that activity in Q4 has relapsed. 27th November 2012 · 1 min read
Canada Economics Update Carney's departure bad timing for Canada Mark Carney's surprise decision to accept the head job at the Bank of England, after explicitly telling everyone he was not interested, adds to an already uncertain outlook for Canada. Moreover, it... 27th November 2012 · 1 min read
UK Economics Update Governor Carney will face new challenges Bank of Canada Governor Mark Carney is well-qualified to manage the Bank of England’s expanded role when he takes over from Mervyn King as Governor of the Bank of England at the end of next June... 26th November 2012 · 1 min read
Global Markets Update Too soon to call the major turn in the yen? Next month’s elections in Japan are unlikely to mark the major shift towards yen weakness that many now anticipate. To be clear, in the next 3-5 years the yen probably will fall sharply. After all... 26th November 2012 · 1 min read
UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey (Nov 12) The latest Colliers/ Real Estate Capital survey suggests that secondary property yields have ticked down in recent months. It is too early to be sure that this is a start of a new trend. But these... 26th November 2012 · 1 min read
Middle East & North Africa Chart Pack Egypt: two steps forward, one step back It’s been a mixed month for Egypt’s post-revolution economy. The good news is that a $4.8bn programme with the IMF has been agreed at a staff level, paving the way for formal approval by the Fund’s... 26th November 2012 · 1 min read
Latin America Economics Update Colombian easing cycle not yet over Colombian interest rates will probably fall further next year as external headwinds cause GDP growth to slow. By contrast, a weaker global economy could be helpful for Peru, where the latest economic... 26th November 2012 · 1 min read
Europe Economics Weekly Another Greek sticking plaster Euro-zone finance ministers are inching ever closer to a deal on the bail-out which will satisfy their own debt sustainability criteria and in the near term at least avoid a politically troublesome... 26th November 2012 · 1 min read
Japan Economics Weekly All change at the Bank of Japan? We think that the markets would be wrong to expect major changes in the Bank of Japan’s monetary stance after the Lower House elections in December. For a start, it is not certain that the LDP will... 26th November 2012 · 1 min read
Canada Economics Weekly US housing recovery welcomed news for exporters The nascent US housing recovery is welcomed news for Canada's exporters, though a full fledged US economic recovery is likely to remain elusive for another year or two. Nonetheless, we anticipate some... 26th November 2012 · 1 min read
Capital Daily Profit outlook could keep US stock market rebound in check 26th November 2012 · 1 min read
UK Economics Weekly Fiscal position still precarious October’s public finance data suggest that the fiscal position remains weak, with the main problem being on the receipts side. Along with rising inflation, downbeat business surveys and recent signs... 26th November 2012 · 1 min read
