Emerging Markets Economics Chart Pack EM growth stable despite market slump Sentiment towards emerging markets has worsened since the start of the year amid mounting worries about the outlook in a number of key economies. Nevertheless, the latest data provide no evidence of a... 19th January 2016 · 1 min read
Europe Data Response German ZEW (Jan.) January’s German ZEW survey confirmed that recent turbulence in global financial markets and the soft tone of the domestic hard data have dented investor sentiment. 19th January 2016 · 1 min read
UK Data Response Consumer Prices & Producer Prices (Dec.) December’s consumer prices release confirmed that deflation is in the rear-view mirror, but there aren’t yet any signs which will worry the MPC. 19th January 2016 · 1 min read
China Data Response Q4 GDP & December Activity Data The continued stability of the official GDP figures will do little to assuage concerns over their credibility. But even our own estimates, which point to much slower growth, suggest that the economy... 19th January 2016 · 1 min read
Industrial Metals Update China’s aluminium stockpiling scheme just a short-term fix We don’t expect China’s recently-announced aluminium stockpiling scheme to provide prices with anything more than a temporary boost. Indeed, depending on how the scheme is implemented, it could... 18th January 2016 · 1 min read
OPEC Watch OPEC production dips in December OPEC production slipped in December, led by Saudi Arabia and Nigeria, but the group’s output is still near record highs. Even though demand is set to grow by over 1m bpd this year and non-OPEC supply... 18th January 2016 · 1 min read
Emerging Markets Economics Update What would a China hard landing mean for EMs? We don’t expect China to suffer a hard landing, but if it were to happen it would result in widespread currency weakness and slower growth in large parts of the emerging world. Emerging Asian... 18th January 2016 · 1 min read
Europe Commercial Property Update Perceptions of investment prospects improve across Europe In PWC’s 2016 Emerging Trends in Real Estate survey, the most notable change in the city investment prospects segment is Athens’ fall back to the bottom of the rankings. Elsewhere, investment... 18th January 2016 · 1 min read
Europe Economics Update One year on from the Swiss franc shock Swiss exports have performed better than we had feared in the year since the SNB abandoned its currency ceiling. But the franc’s strength has probably yet to take its full toll on exports and the... 18th January 2016 · 1 min read
Energy Update Lifting of Iran sanctions not a game-changer for oil Confirmation that Western sanctions linked to Iran’s nuclear programme are to be lifted might be expected to add to the downward pressure on oil prices, but there are three main reasons why the impact... 18th January 2016 · 1 min read
Africa Economics Update Nigeria: Policy response pushes economy towards crisis Low oil prices are battering Nigeria’s export-dependent economy. But it’s the government’s market-distorting response that risks pushing the country into a Venezuela-style crisis. 18th January 2016 · 1 min read
Latin America Economics Update Venezuelan data confirm economy is in meltdown Venezuela’s central bank has released economic data for the first time since 2014 and the figures are predictably horrific. With oil prices now languishing below $30pb, and the country’s political... 18th January 2016 · 1 min read
Middle East & North Africa Economics Update Iran sanctions relief: assessing the impact Sanctions relief should support a revival of Iran’s economy and a short period in which it enjoys growth of as much as 6-8%. But there is unlikely to be much impact on the rest of the region, either... 18th January 2016 · 1 min read
India Economics Update Export slump looks set to continue India’s trade deficit remained in check in December but this positive headline story masks the fact that exports continue to contract sharply. With progress on the reforms needed to support a vibrant... 18th January 2016 · 1 min read
Asia Economics Update What does Taiwan’s election result mean for the economy? The weekend’s election result marks a major political landmark for Taiwan, with the anti-China Democratic People’s Party (DPP) winning not only the presidency, but also gaining control of the... 18th January 2016 · 1 min read
