Emerging Europe Economics Update Turkish central bank struggles to curtail lira’s slide The drop in the Turkish lira over the past month has already prompted the central bank (CBRT) to nudge up the average cost of the funding it provides to commercial banks and to begin auctioning non... 21st November 2017 · 1 min read
Nordic & Swiss Economics Update Will Finland’s strong economic recovery continue? Finland’s economic prospects look brighter than they have for several years. So as the ECB gradually scales back its stimulus over the next few years, we think that Finland’s government bond yields... 21st November 2017 · 1 min read
Canada Chart Pack Softwood lumber production should rebound The recent decision by the US to impose countervailing and dumping duties on imports of Canadian softwood lumber appears to have dampened softwood lumber production, despite favourable lumber prices... 21st November 2017 · 1 min read
Asia Chart Pack Growth rebounds, central banks turn more hawkish Economic growth across Emerging Asia rebounded strongly last quarter, with several countries, including Thailand, Singapore, Malaysia and Korea all growing at their fastest pace in a number of years... 21st November 2017 · 1 min read
Europe Economics Update German political crisis to have modest economic effects We doubt that the German political crisis will seriously damage business or consumer confidence. And given the similarities between the major parties’ economic policies, the ultimate form of the... 21st November 2017 · 1 min read
UK Economics Update UK Autumn Budget 2017 Checklist This checklist is intended to help clients keep track of the key measures and numbers announced during the Chancellor’s Autumn Budget at 12.30pm Wednesday 22nd November 2017 and provide some instant... 21st November 2017 · 1 min read
UK Data Response CBI Industrial Trends Survey (Nov.) November’s survey painted a somewhat mixed picture for the manufacturing sector. Nonetheless, we expect the sector to still put in a fairly solid performance over Q4 as a whole. 21st November 2017 · 1 min read
UK Data Response Public Finances (Oct.) Despite deteriorating in October, the general trend in the public finances this year has still been an improving one. Nonetheless, the expected downward revisions to the OBR’s economic forecasts will... 21st November 2017 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Oct.) Saudi inflation remained in negative territory in October but inflation is likely to jump next year as the government introduces a new value-added tax and pushes ahead with a fresh round of subsidy... 21st November 2017 · 1 min read
Middle East & North Africa Economics Update Is Tunisia repeating Egypt’s currency mistakes? The Tunisian authorities have recently introduced a range of new measures in an effort to tighten their grip on the currency. However, Egypt’s experience suggests that such policies do more harm than... 21st November 2017 · 1 min read
Australia & New Zealand Economics Update New Zealand Activity Proxy (Sep.) The decline in our New Zealand Activity Proxy (NZAP) in September suggests that the easing in GDP growth over the past year continued in the third quarter. 20th November 2017 · 1 min read
Emerging Europe Economics Update EM inflation on the turn EM inflation dropped to an eight-year low in the middle of this year, but it has now started to rise. The recent increase in oil prices will have pushed it higher this month. And a combination of... 20th November 2017 · 1 min read
US Chart Pack Inflationary pressures starting to re-emerge Core CPI inflation was subdued at 1.8% in October, but there were signs that the transitory factors weighing on core inflation earlier this year are now starting to fade. Medical care price inflation... 20th November 2017 · 1 min read
Global Markets Update Recent setback for the dollar should prove temporary We doubt that the fall in the dollar seen in the past few weeks will continue, especially as we think that the Fed will tighten by more than most anticipate next year. 20th November 2017 · 1 min read
