US Chart Pack Core inflation on the rise The acceleration in core inflation suggests that the threat of deflation has eased significantly, at least for a while, which is one of the key reasons why we don't expect the Fed to respond to the... 21st June 2011 · 1 min read
US Housing Market Outlook Prices unlikely to rise until 2014 We expect house prices to fall a further 3% this year, resulting in a 5% decline in the year as a whole. Although prices may find a floor some time next year, a chronic lack of demand will probably... 21st June 2011 · 1 min read
Japan Economics Update Is the Bank of Japan propping up the equity market? The Bank of Japan appears to be timing its purchases of equity ETFs to support the stock market whenever the Topix falls by more than 1%. However, developments in global markets, and in the yen... 21st June 2011 · 1 min read
UK Housing Market Update Are cash buyers a sign of the underlying health of the housing market? Cash buyers continue to be a key support to housing market activity levels. But we remain sceptical that this demonstrates that a lack of mortgage lending, rather than stretched valuations and... 21st June 2011 · 1 min read
Middle East & North Africa Chart Pack Tight lending conditions prevail The private sector in the oil-rich Gulf States (in particular the UAE and Kuwait) is still struggling with tight credit conditions. The region’s banks are slowly recovering from the aftermath of the... 21st June 2011 · 1 min read
Latin America Economics Update Colombian interest rates still have further to rise The Central Bank of Colombia (BANREP) hiked interest rates by 25bps to 4.25% on Friday night. Although policymakers softened their tone from previous meetings, we still expect rising inflation to... 21st June 2011 · 1 min read
Japan Data Response External Trade (May) May's trade data suggest that the external sector was an even larger drag on Japan's GDP in Q2 than in Q1, but a closer look shows further signs of recovery from March's earthquake on a month by month... 21st June 2011 · 1 min read
Asia Economics Weekly Singapore's economy set for a soft landing Singapore’s small, open economy is susceptible to weakening global conditions, but we believe that growth will prove to be resilient this year. Strengthening domestic demand and intraregional links... 21st June 2011 · 1 min read
Asia Economics Weekly Singapore's economy set for a soft landing Singapore’s small, open economy is susceptible to weakening global conditions, but we believe that growth will prove to be resilient this year. Strengthening domestic demand and intraregional links... 21st June 2011 · 1 min read
Canada Economics Weekly Second quarter slowdown Domestic demand growth is losing momentum. To make matters worse, disruptions to auto and energy exporters have further dampened overall economic growth in the second quarter. Although we anticipate... 21st June 2011 · 1 min read
UK Economics Weekly UK escapes Greek contagion fears The Greek debt crisis escalated last week, but the UK has remained immune from the contagion fears that have spread to other debt-ridden countries in Europe. 21st June 2011 · 1 min read
Europe Economics Weekly Greece teetering on the edge The growing political uncertainty within Greece and fears that European policymakers will not step in and take decisive action to resolve the crisis has pushed the Greek Government closer to the brink... 21st June 2011 · 1 min read
US Economics Weekly Misery index hits 28-year high Even though the number of Google searches for "double dip recession" has surged and the old fashioned misery index has increased to a 28-year high, Americans are probably not quite as gloomy as those... 21st June 2011 · 1 min read
Japan Economics Weekly New budget, same old problems The submission to the Diet of a second supplementary budget in early July is not expected to have a large impact. The macroeconomic effects of the additional budget are likely to be small, and it is... 21st June 2011 · 1 min read
Europe Commercial Property Update Have the downside risks to the French retail market increased? Signs that French consumer spending has fallen sharply over the past couple of months might make our forecast for retail rental values to track sideways this year look too optimistic. Yet, in the... 18th June 2011 · 1 min read
