Emerging Europe Economics Update Russia: Solid Q2 GDP growth unlikely to last The Russian economy expanded by a solid 5.2% y/y in Q2 (up from 2.9% y/y in Q1). But given the impact of the current drought and, more notably, our view that oil prices will fall back later this year... 11th August 2010 · 1 min read
Asia Economics Update Korea's central bank has little reason to pause While today’s labour market data showed that Korea’s unemployment rate rose in July, the details of the report are encouraging. In addition, we believe that the policy rate is not the appropriate tool... 11th August 2010 · 1 min read
UK Data Response Bank of England Inflation Report (Aug.) The Bank of England’s August Inflation Report confirmed that the MPC still expects inflation to fall back sharply once temporary upward forces fade. As such, a policy loosening still looks more likely... 11th August 2010 · 1 min read
China Economics Update Further signs of weakness in July data The economy appears to be slowing more rapidly than anticipated a couple of months ago, according to data released today. China’s government has plenty of room to loosen policy to avoid a hard landing... 11th August 2010 · 1 min read
Emerging Europe Economics Update Turkish current account risks on the rise Turkey’s current account deficit was smaller than expected in June, but it widened as a share of GDP over Q2 as a whole. What’s more, while the quantity of financing does not appear to be a concern at... 11th August 2010 · 1 min read
UK Data Response UK Labour Data (Jun./Jul.) The latest UK labour market figures showed that employment is rising strongly now that the wider economic recovery has gained some momentum. But the looming fiscal squeeze suggests that this will be... 11th August 2010 · 1 min read
Europe Economics Focus Could a weaker euro save the euro-zone? A sharp drop in the euro exchange rate might seem like the answer to all of the currency unions problems. But while it might boost the core economies exports, it would do little to help the troubled... 11th August 2010 · 1 min read
Latin America Economics Focus Why Brazil's next president must focus on the savings shortfall From the perspective of economic policy, the over-riding priority for Brazil’s new president must be to raise the level of domestic savings. Without this, much-needed investment will have to be funded... 11th August 2010 · 1 min read
Capital Daily Rising unit labour costs spell trouble for US corporate profits 11th August 2010 · 1 min read
Non-Euro Europe Commercial Property Chart Pack Investment market upturn to fade in H2 2010 (Aug 10) Investment market activity strengthened in the second quarter across the UK, Scandinavia and Emerging Europe with the result that initial yields fell a little further in a number of office, retail and... 10th August 2010 · 1 min read
Europe Economics Update Rise in German imports is not as good as it seems The recent surge in German imports has brought hope that the recovery there is starting to benefit the rest of the world. But Germany is still running a very large trade surplus and the persistent... 10th August 2010 · 1 min read
Japan Economics Update Bank of Japan unmoved by rising yen The Bank of Japan made only small tweaks to its policy statement today and, contrary to some expectations, introduced no policy shifts in response to the rise of the yen. Its ability to make a lasting... 10th August 2010 · 1 min read
UK Data Response UK Trade (Jun.) & BRC Retail Sales Monitor (Jul.) June’s trade figures were better than expected, but it still looks unlikely that the external sector will be able to offset the weakening already emerging on the consumer side of the economy. 10th August 2010 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Jul/Jun) The dip in buyer enquiries since the turn of the year has begun to drag house prices lower. We expect the restricted level of mortgage credit, together with rising unemployment and the squeeze on... 10th August 2010 · 1 min read
