Emerging Markets Activity Monitor Growth in the BRICs remains disappointing Our Tracker suggests that GDP in the emerging world, in aggregate, has expanded by around 4.5% y/y in recent months which is in line with Q1’s outturn. Some of the more open EM economies have gathered... 30th June 2014 · 1 min read
Middle East & North Africa Economics Focus Five priorities for Egypt’s new government With Egypt’s presidential election now out of the way, policymakers’ attention has turned to reviving the struggling economy. In this Focus, we outline five areas which we think need to be addressed... 26th June 2014 · 1 min read
Africa Chart Pack Zambia turns to the IMF – could Ghana follow suit? As the tailwinds from the past decade’s commodity boom fade, several economies in Africa are losing their shine. Zambia remains the focus of attention – faced with widening twin budget and current... 26th June 2014 · 1 min read
Emerging Markets Economics Update The winners and losers from another oil price shock The escalation of violence in Iraq over the past week or so has led to concerns that unrest in the Middle East might trigger another spike in oil prices. As it happens, the impact on world oil markets... 25th June 2014 · 1 min read
Emerging Europe Economics Update Recent increase in oil price poses little threat to EM inflation The recent increase in oil prices is unlikely to have much of an impact on EM inflation, which in most places looks set to remain fairly benign. 24th June 2014 · 1 min read
Middle East & North Africa Economics Update Dubai equities on the slide The Dubai equity market has fallen sharply over the past month amid concerns that the Emirate’s real estate sector is becoming another bubble. Elsewhere, spreads on Egypt’s dollar-denominated bonds... 24th June 2014 · 1 min read
Africa Economics Update Kenya joins the eurobond rush Sub-Saharan Africa’s eurobond markets hit the headlines again in June when Kenya became the latest country to issue dollar-denominated debt. With much of the region continuing to enjoy low yields by... 23rd June 2014 · 1 min read
Emerging Markets Economics Chart Pack EMs take heart as Fed sticks to taper plan Financial conditions across the emerging world have eased in recent months, as continued policy support from central banks in the developed world has supported risk appetite. This in turn has reduced... 19th June 2014 · 1 min read
Middle East & North Africa Chart Pack Iraq crisis raises contagion fears The unfolding crisis in Iraq has cast a shadow over the region, causing equity markets to tumble. As it happens, the largest MENA economies have only limited trade and financial ties with Iraq... 19th June 2014 · 1 min read
Africa Economics Update Fall in S. Africa’s current account deficit not as good as it looks The narrowing in South Africa’s current account deficit in Q1 is welcome insofar as it has been one of the country’s key vulnerabilities over the past couple of years. But the narrowing was due to a... 18th June 2014 · 1 min read
Africa Economics Update Concerns over policy credibility emerge in Nigeria Concerns over policy credibility in Nigeria have surfaced over the past month. The Central Bank’s (CBN’s) new governor Godwin Emefiele recently hinted at moves towards looser monetary policy, despite... 17th June 2014 · 1 min read
Emerging Markets Economics Update Can the BRICs regain their vigour? Four charts to watch The slowdown in EM GDP growth over the past couple of years has been driven in large part by weakness in the four largest emerging economies, the BRICs. Much of this weakness has, in turn, been caused... 13th June 2014 · 1 min read
Africa Economics Update Kenya revises up GDP as debut dollar bond issue nears In an attempt to drum up interest in its debut dollar bond issue, Kenya became the latest country in Africa to announce revisions to its measured GDP yesterday. Measured GDP has been revised up by... 13th June 2014 · 1 min read
EM Markets Chart Pack What next for Russia's financial markets? We do not think the recent outperformance of Russia’s financial markets and currency will last. Indeed, the ruble has already dropped back slightly over the past week or so. There are three key... 11th June 2014 · 1 min read
Africa Economics Focus Why Ghana needs IMF help The recent sharp widening of Ghana’s twin budget and current account deficits has fuelled speculation that the country may require some external help to stave off a fiscal and balance of payments... 11th June 2014 · 1 min read
Emerging Markets Trade Monitor EM exports strengthen a touch, manufacturers outperform Emerging Market (EM) export growth picked up a little in April and the rebound in Chinese exports last month suggests that it has since strengthened further. In aggregate, EM export growth is still... 9th June 2014 · 1 min read
