Europe Economics Update Will the ECB ride to the rescue? Recent comments from ECB President Trichet have brought hope that the Bank might step up its bond purchases to support peripheral markets. But to make any real difference, the ECB would probably need... 1st December 2010 · 1 min read
UK Economics Update Can stockbuilding keep the recovery going? With the fiscal squeeze set to kick in soon and the outlook for demand in the UK’s main export markets looking weak, one remaining hope is that stockbuilding could support the recovery next year. In... 1st December 2010 · 1 min read
UK Economics Chart Pack Tentative signs of re-balancing The UK economy finally appears to be re-balancing away from consumers and towards the external sector. 1st December 2010 · 1 min read
Asia Economics Update Australia's GDP slowdown will be short-lived Australia’s economy in Q3 expanded for the seventh consecutive quarter, albeit at a slow pace. The outlook is upbeat. GDP growth should accelerate soon to an above-trend pace, with investment leading... 1st December 2010 · 1 min read
Emerging Europe Economics Update Industry still going strong November’s PMI surveys suggest that industry across much of Emerging Europe is still in very good shape, thanks in large part to the ongoing strength of German manufacturing. Russia, however, remains... 1st December 2010 · 1 min read
Asia Economics Update Thailand makes the right move The Bank of Thailand (BoT), in a surprise move earlier today, lifted its policy rate by 25bp to 2.0%. Domestic demand is well placed to lift GDP growth during the course of 2011, which means that... 1st December 2010 · 1 min read
China Data Response PMIs (Nov.) China’s latest PMIs provide more evidence that the economic rebound remains very strong. Output price inflation has picked up, but the strength of the economy means that policymakers can tighten... 1st December 2010 · 1 min read
UK Data Response CIPS/Markit Report on Manufacturing (Nov.) November’s UK CIPS/Markit report on manufacturing suggested that the industrial recovery is back on track. 1st December 2010 · 1 min read
UK Housing Market Data Response RICS Lettings Survey (Oct.) Strong tenant demand and a shortage of property for rent combined to push residential rents up for the third consecutive quarter. Yet the lack of buyer demand, growing expectations for further house... 1st December 2010 · 1 min read
UK Data Response Nationwide House Prices (Nov.) The underlying downward trend in house prices on the Halifax measure accelerated in November. With the debate as to whether house prices are falling settled, the issue now is how severe future falls... 1st December 2010 · 1 min read
UK Data Response Housing downturn another blow for consumer spending The recent renewed falls in house prices have revived the long-standing debate about the effect of the housing market on consumer spending. We stand by our long-held view that there is a strong link... 1st December 2010 · 1 min read
Asia Economic Outlook Asia's slowdown to bottom soon (Q4 10) The post-recession rebound in most of Latin America is showing signs of slowing but growth is likely to remain fairly strong over the coming quarters. We still expect the region to expand by around 4... 1st December 2010 · 1 min read
UK Economics Focus Housing downturn another blow for consumer spending The dominant themes of this Statement come not from the Chancellor but from the OBR. It now paints a pretty gloomy picture of the immediate economic outlook. Even so, we think its forecasts are not... 30th November 2010 · 1 min read
Canada Data Response GDP (Q3 & Sep.) Economic growth has slowed considerably and indicators are pointing to another weak performance in the fourth quarter and sluggish 2% growth next year. Given expected productivity improvements, this... 30th November 2010 · 1 min read
US Data Response Cons. Confidence (Nov.) & Case-Shiller House Prices (Q3) The rise in consumer confidence in November is not consistent with a sustained acceleration in consumption growth at a time when income growth is weak, the unemployment rate is high and a double dip... 30th November 2010 · 1 min read
