Asia Economics Update Can high growth in India survive the state sector problems? India got there just in time and yesterday’s opening ceremony for the Commonwealth Games proved to be a big success. Nevertheless, the poor preparation for the Games does highlight the growing... 4th October 2010 · 1 min read
Europe Economics Update Greek Budget still leaves plenty to do The fact that the Greek Government has announced that it expects to reduce its budget deficit by more than the IMF and EC have demanded in 2010 and 2011 is an indication of the great strides that it... 4th October 2010 · 1 min read
A weaker 2011 in prospect A period of fiscal austerity will weigh on economic recoveries in the euro-zone and Emerging Europe over the next few years. The healthier state of public finances in Scandinavia and Switzerland... 4th October 2010 · 1 min read
Emerging Europe Economics Update Another strong showing for the centre-right After recent gains in Slovakia and the Czech Republic, centre-right parties had another strong showing in elections in Hungary and Latvia this weekend. But while Latvia’s ruling coalition has already... 4th October 2010 · 1 min read
Latin America Economics Update Brazil Election Watch: Blow for Dilma as race goes to wire Brazil’s presidential election sprang into life yesterday after Dilma Rousseff failed to gain the 50% of votes needed to secure an outright victory in the first round of voting. She remains the... 4th October 2010 · 1 min read
Japan Data Response Labour Cash Earnings (Aug) August's headline data on labour cash earnings were weaker than expected but the breakdown is reassuring and the underlying trends in employment income are continuing to improve. Meanwhile, the Bank... 4th October 2010 · 1 min read
Japan Economics Weekly Bank of Japan set to disappoint markets This week's focus will be on the Bank of Japan's Policy Board meeting, which concludes on Tuesday. Hopes of further monetary easing are high, but we see two risks. The first is simply that the Bank... 4th October 2010 · 1 min read
Asia Economics Weekly Indonesia to bide its time on policy rate hikes Bank Indonesia (BI) is almost certain to keep its reference rate at 6.5% on Tuesday. GDP growth remains strong but the economy is expanding close to its trend rate of 6% pa rather than at a faster... 4th October 2010 · 1 min read
UK Economics Weekly Falling saving can't sustain the consumer recovery He may have put it a little bluntly, but our sympathies are with Charlie Bean with respect to the comments he made about savers in an interview with Channel Four last week. Encouraging people to save... 4th October 2010 · 1 min read
US Economics Weekly Fed edging towards more QE It is looking increasingly likely that the Fed will announce a new round of quantitative easing, probably before the end of the year. Our guess is that it will opt for a smaller scale open-ended... 4th October 2010 · 1 min read
Europe Economics Weekly Ireland: Closure or Calamity? The Irish Government deserves some credit for coming clean last week on the “horrendous” costs of its banking support measures, although its openness may have been dictated as much by public... 4th October 2010 · 1 min read
UK Data Response UK CIPS/Markit Report on Manufacturing (Sep.) September’s UK CIPS/Markit report on manufacturing provided further evidence that the recovery in both the industrial sector and the wider recovery is fading fast. 1st October 2010 · 1 min read
US Data Response ISM Manuf. Index (Sep.) & Personal Income (Aug.) There is nothing in the economic reports released today to change our view that GDP growth will stumble along at a 2% annualised pace for some considerable time yet. 1st October 2010 · 1 min read
Latin America Economics Update Brazil on course for a weaker Q3 Today’s raft of data brought further evidence that the recent strength of the real is squeezing Brazilian manufacturers. With the Central Bank now much more relaxed about the outlook for inflation... 1st October 2010 · 1 min read
Asia Economics Update Asia's industrial slowdown to level out soon Manufacturing PMIs for emerging Asia and Australia declined further in September. Factory output across the region will continue to adjust as the global upswing stays on a weak track. Nevertheless... 1st October 2010 · 1 min read
