Europe Economics Update Greece still dangling from a precipice With considerable uncertainties over when the joint IMF/euro-zone rescue package for Greece will be implemented, Greece is still dangling from a precipice. If Europe is to pull Greece back up it will... 27th April 2010 · 1 min read
Asia Economics Update Vietnam still likely to raise rates again soon The central bank of Vietnam (SBV) today announced that its key policy rate will stay unchanged at 8.0% during May. Staying on hold was expected given that the authorities in Q1 engineered a sharper... 27th April 2010 · 1 min read
Asia Economics Update Fiscal frontloading lifts Korean growth Korea’s GDP accelerated in Q1 and growth is set to stay high in Q2. Inflation pressures should rise during the course of the year and the risk is that the Bank of Korea continues to move slowly and... 27th April 2010 · 1 min read
Europe Economic Outlook Fiscal crisis casts an ever longer shadow (Q2 2010) The European economy has shown further signs of recovery in response to the continued improvement in global economic and trade conditions. But the fiscal crisis in the euro-zone’s peripheral economies... 27th April 2010 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Mar.) The weakness of mortgage lending in March seems increasingly hard to explain by one-off or temporary factors. Yet it does fit with evidence that the labour market has begun to weaken again and that... 27th April 2010 · 1 min read
Global Economics Update World trade still on the mend Global merchandise trade climbed again in February. The improvement should continue but world trade growth will probably slow next year. 27th April 2010 · 1 min read
Japan Data Response Small Business Confidence (Apr.) In contrast to the position in many other major economies, notably the US, Japan’s relatively broad-based recovery is helping firms of all sizes. Indeed, April's buoyant survey of small business... 27th April 2010 · 1 min read
Emerging Europe Economics Update Interest rates cut again as Fidesz secures two-thirds majority The markets’ favourable reaction to Fidesz’s landslide election victory in Hungary will have been a key factor behind today’s decision by the National Bank (NBH) to cut interest rates by 25bps to 5.25... 26th April 2010 · 1 min read
UK Economic Outlook Sweet spot is disappearing (Q2 10) With consumers so far fighting off any preelection nerves, the consumer recovery could gather further momentum in the next month or two. But the second half of the year should look rather different to... 26th April 2010 · 1 min read
Global Economic Outlook Recovery far from secure (Q2 10) Global manufacturing may be rebounding but the recovery in the wider economy is far from secure. The full disinflationary impact of the recession has yet to be felt and major central banks may still... 26th April 2010 · 1 min read
Japan Economics Weekly Should the Bank of Japan be doing more? Tensions between the Bank of Japan and the government over the need for further monetary stimulus remain high. We can see a number of good reasons for the Bank to resist that pressure for a few months... 26th April 2010 · 1 min read
UK Commercial Property Update Demand data-flow positive for industrial rents; supply less so Industrial rental values remain on track to fall in 2010 as a whole, but last week’s CBI Industrial Trends survey pointed to a better outlook in 2011 than we have pencilled in. For now, reflecting the... 26th April 2010 · 1 min read
UK Economics Weekly Don’t be fooled by the better fiscal news Last week’s public finances figures for March, revealing a £3bn undershoot of the Chancellor’s forecast for public borrowing in 2009-10, may have raised hopes that the beneficial effects on the public... 26th April 2010 · 1 min read
