Japan Economics Weekly GDP growth to top 4% this year Japan’s economy is starting to fire on all cylinders. We expect another robust gain of around 1.5% in first quarter GDP (preliminary official data will be released on Thursday). Our growth forecast of... 17th May 2010 · 1 min read
UK Economics Weekly Sterling caught in the middle Co-ordination between fiscal and monetary policy already appears to have stepped up a gear since the new Government took office, with Bank of England Governor Mervyn King endorsing the Government’s... 17th May 2010 · 1 min read
Europe Economics Weekly Euro heading for parity While some of the forces bearing down on the euro over recent months may now be easing, there are plenty of other reasons to expect the currency to fall further. Indeed, our forecast that the euro... 17th May 2010 · 1 min read
Asia Economics Weekly New Zealand’s budget to focus on tax reform A hike in the GST, and reforms designed to lift investment, will be the centrepiece of this week’s New Zealand budget. The changes overall are likely to be fiscally neutral in 2010-11 to help protect... 17th May 2010 · 1 min read
UK Commercial Property Update Is commercial property development activity about to surge? Although the recent upturn in the commercial construction PMI is encouraging, it does not necessarily signal a sustained and significant upturn in the commercial property supply pipeline. But even if... 14th May 2010 · 1 min read
Latin America Economics Update Chile: Rate hikes to be more gradual than the markets expect 14th May 2010 · 1 min read
China Data Response Hong Kong GDP (Q1) Hong Kong’s economy maintained a strong pace of growth in the first quarter. As long as the global recovery continues, Hong Kong should beat most expectations over the rest of the year. 14th May 2010 · 1 min read
UK Economics Update OBR could prompt bigger budget tax hikes The fact that the forthcoming emergency budget will incorporate economic and fiscal forecasts produced by the new Office for Budget Responsibility (OBR) increases the likelihood that it will include... 13th May 2010 · 1 min read
UK Economics Update OBR could prompt bigger budget tax hikes The fact that the forthcoming emergency budget will incorporate economic and fiscal forecasts produced by the new Office for Budget Responsibility (OBR) increases the likelihood that it will include... 13th May 2010 · 1 min read
Europe Commercial Property Update Will falls in Western European yields be extended? Commercial property offers a seemingly attractive premium over bonds. However, once we factor in the weaker economic and occupier market outlook, to us most Western European markets look pricey. We... 13th May 2010 · 1 min read
Asia Economics Update Malaysia set for sustained but gradual tightening Bank Negara (BNM) today raised the overnight policy rate by 25bp to 2.5%, as expected, while the double-digit surge in GDP in Q1 has been confirmed. The economic upswing looks set to remain strong and... 13th May 2010 · 1 min read
Global Markets Update Would QE be so bad for the euro? The experience in both Japan and the US shows that the adoption of quantitative easing by the ECB would not necessarily do lasting harm to the euro. But we still expect the currency to fall a lot... 13th May 2010 · 1 min read
