Africa Economics Update South African mining rebounds, but still faces headwinds The strong rebound in South African mining output in the early part of 2013 suggests that the sector made a decent contribution to overall GDP growth in Q1. But nevertheless, the sector still faces a... 11th April 2013 · 1 min read
Emerging Markets Economic Outlook Recovery falters The latest data suggest that the EM recovery may already be running into headwinds. With policy set to remain loose in most economies, EM growth is probably not about to slow again and will far... 10th April 2013 · 1 min read
Africa Economics Update Which countries are set to benefit from increasing FDI? Inflows of foreign direct investment to sub-Saharan Africa have increased markedly over the past decade or so, with growth being strongest in countries that have a) a large endowment of natural... 9th April 2013 · 1 min read
Emerging Markets Economics Update China's economic rebound failing to save others Hopes that the rebound in China’s economy will help other EMs look set to be disappointed. Chinese trade data for March will be released later this week (Wednesday). But so far at least, the recovery... 9th April 2013 · 1 min read
Africa Economics Update Regional growth holding up well despite external headwinds GDP data released over the past week or so show that, while growth in a number of sub-Saharan Africa’s smaller economies slowed in the latter part of 2012, the region was still one of the world’s... 5th April 2013 · 1 min read
Africa Economics Update Kenyan markets rally but post-election challenges remain Kenyan financial markets have rallied in the past few days following the Supreme Court’s ruling that the presidential election held in March was legitimate. Nevertheless, with growth appearing to have... 3rd April 2013 · 1 min read
Emerging Markets Economics Update EM manufacturing losing steam The latest PMIs suggest that manufacturing in the emerging world stuttered last month. Activity slowed further in emerging Europe and Latin America. The only region where activity accelerated was... 3rd April 2013 · 1 min read
Africa Economics Update Eurobond yields unlikely to rise sharply After falling in 2012 and early 2013, yields on African eurobonds have edged up over the past few weeks. However, the sell-off in the bond market has not been confined to Africa, as the spread over... 27th March 2013 · 1 min read
Emerging Europe Economics Update Rise in inflation to be limited Emerging market inflation has risen in recent months and is set to continue along this upward path in the near future. Looking further ahead, however, weak core price pressures combined with the fact... 27th March 2013 · 1 min read
Emerging Markets Economics Update BRICS summit more about politics than economics At their summit in South Africa today and tomorrow, leaders of the BRICS are expected to announce progress towards setting up a development bank and to outline a plan to pool some of their foreign... 26th March 2013 · 1 min read
Africa Chart Pack Kenyan elections pass peacefully but risks still linger Events in sub-Saharan Africa have been dominated by presidential elections in Kenya. By past standards at least, the vote was peacefully and markets have remained stable. The shilling has actually... 26th March 2013 · 1 min read
Middle East & North Africa Economics Update Euro-zone to continue weighing on North Africa The deterioration in the French, Italian and Spanish economies in recent months has caused the growth outlook for North Africa to worsen. Coming on top of continued domestic political instability... 25th March 2013 · 1 min read
Middle East & North Africa Economics Update Egypt rate hike a sign of desperation The Egyptian central bank’s move to raise interest rates in spite of the weak economy shows that policymakers have run out of options. Capital controls and FX intervention haven’t been sufficient to... 21st March 2013 · 1 min read
Emerging Markets Economics Chart Pack Sentiment has turned against EM assets Sentiment toward EM assets has turned negative over the last month despite the relatively upbeat performance of many developed markets. Equities have come off recent highs, currencies have mostly... 20th March 2013 · 1 min read
Africa Economics Update Weak South African rand leaves little room for rate cuts Concerns over the impact of a weak rand on inflation leaves the South African Reserve Bank with little room to cut interest rates over the coming months, despite the outlook for subdued economic... 20th March 2013 · 1 min read
Africa Economics Update Nigerian rate cuts still possible later this year Although the Central Bank of Nigeria left interest rates on hold at 12.00% today, we still think that monetary easing will come onto the agenda later this year. However, a combination of loose fiscal... 19th March 2013 · 1 min read
