Emerging Europe Economics Update Russia’s import ban likely to backfire The economic impact of Russia’s decision to ban imports of some foodstuffs from the EU, the US and other western countries is extremely uncertain, but it seems likely that the biggest loser will be... 7th August 2014 · 1 min read
Emerging Markets Economics Update Emerging Market Consumer Snapshot (Q3 2014) Having slowed over the past couple of years, there are signs that consumer spending in some parts of the emerging world is starting to recover. However, the pick-up has so far been confined to EMs in... 7th August 2014 · 1 min read
Non-Euro Europe Commercial Property Chart Pack CEE investment grows strongly in Q2 Economic indicators in the non-euro-zone Western European economies were generally positive in Q2, but there are signs that growth slowed across the board in Emerging Europe. That wasn’t enough to put... 6th August 2014 · 1 min read
Emerging Europe Economics Update Three scenarios for Russia’s economy The deepening political crisis between Russia and the US/Europe means that the uncertainties attached to economic forecasts are even greater than usual. In these circumstances it makes more sense to... 6th August 2014 · 1 min read
Emerging Markets Economics Update Asia drives rebound in EM manufacturing According to the latest batch of PMI data, manufacturing activity across the emerging world strengthened in July supported largely by a continued improvement in Emerging Asia, in particular China... 4th August 2014 · 1 min read
Emerging Europe Economics Update Romanian MPC flags up prospect of further rate cuts Governor Isarescu opened the door to further interest rate cuts in Romania at today’s post-MPC meeting press conference. Much will depend on inflation data for July and August, due to be released... 4th August 2014 · 1 min read
Emerging Europe Economics Update Manufacturing PMIs point to a soft start to Q3 July’s manufacturing PMIs from Emerging Europe were, in aggregate, a little better than June’s figures. But they were still weaker than their average over the first half of the year. What’s more, much... 1st August 2014 · 1 min read
Emerging Europe Economics Focus Making sense of Hungary’s new policy rate The National Bank of Hungary is due to introduce a new benchmark monetary policy instrument tomorrow. While this is unlikely to have any impact on domestic monetary conditions, policymakers have... 31st July 2014 · 1 min read
Emerging Markets Activity Monitor China rebound leaves other BRICs lagging behind Our GDP Tracker suggests that EM growth has accelerated a touch in recent months. Much of the pick-up has been due to a turnaround in Asia, including China. But while the outlook for China seems to... 31st July 2014 · 1 min read
Emerging Europe Economics Update How and where the latest sanctions will hit the Russian economy The latest package of sanctions adopted by the EU and the US against Russia will affect the economy in different ways. In the short-term, restrictions on access to western capital markets for selected... 31st July 2014 · 1 min read
Emerging Europe Economics Update Czech National Bank extends FX intervention pledge The Czech MPC struck an even more dovish note at today’s post-meeting press conference. Policymakersextended their pledge to intervene in the FX market to prevent the koruna from appreciating beyond... 31st July 2014 · 1 min read
Europe Economics Update Sanctions on Russia a further blow to Finnish economy Finland’s close economic ties with neighbouring Russia mean that the EU’s stiffer sanctions on Russia announced yesterday are likely to deal another blow to the Finnish economy. Even if the direct... 30th July 2014 · 1 min read
Emerging Europe Chart Pack Interest rates heading in opposite directions The Russian central bank caused a surprise earlier this month by hiking its one-week repo rate in a pre-emptive move to limit capital outflows ahead of a fresh sanctions imposed by the US and EU. This... 30th July 2014 · 1 min read
EM Valuations Monitor Are EM credit spreads about to surge? The yields of dollar-denominated emerging market government bonds have been broadly flat over the past month after having declined by over one percentage point between the end of January and the end... 29th July 2014 · 1 min read
Emerging Markets Economics Update EM demographic challenge not the disaster that many expect The contribution that favourable demographics have made to emerging market growth over the past couple of decades is often overplayed. In reality, the growth of working age populations has played only... 29th July 2014 · 1 min read
Europe Economics Update Sanctions on Russia pose limited threat to Germany The likelihood that the EU will impose stiffer sanctions on Russia has raised concerns about the effecton German exports and the wider economy. But while certain companies rely strongly on trade... 28th July 2014 · 1 min read
