Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (May 2026) The conflict in the Middle East will lead to sharp falls in GDP in the Gulf economies and weigh on activity in energy importers, especially in Asia. Inflation has started to pick up and central banks... 22nd May 2026 · 1 min read
Africa Economics Weekly South Africa: from one energy crisis to the next South Africa this week marked a full year without power outages, but the effects of the energy shock from the Iran war are now starting to kick in. We think the rise in inflation in April was probably... 22nd May 2026 · 5 mins read
Latin America Economics Weekly Brazil inflation, COP drop, Venezuela’s restructuring The latest macro data keep the door open to monetary easing in Brazil, but a rise in energy prices or an escalation of the scandal involving presidential candidate Flávio Bolsonaro that weighs more... 15th May 2026 · 5 mins read
Emerging Europe Economics Weekly Hungary’s fiscal path, CBRT inflation, shekel strength Announcements from Hungary’s new government, which took office last weekend, suggest that we’re unlikely to see the full details of its plans to reduce the budget deficit until Q3. Until then, the... 15th May 2026 · 6 mins read
Global Economics Update Limited scope for fiscal support in energy price shock Governments in developed economies have so far been circumspect in providing fiscal support to households to cushion the impact of higher energy prices. This is likely to remain the case given that... 11th May 2026 · 4 mins read
Middle East & North Africa Economics Update Will the war trigger a debt crisis in Dubai? The Iran war has already caused tourist arrivals to Dubai to collapse and, over a longer horizon, it could dampen the Emirate’s appeal to expatriate workers and firms seeking to set up in the region... 16th April 2026 · 4 mins read
Emerging Europe Economics Update Hungary’s election: your questions answered This Update answers the questions that we received during our Drop-in on Hungary’s election result. (An on-demand recording is available here.) The primary implication of the opposition Tisza party’s... 13th April 2026 · 6 mins read
Emerging Europe Economics Update The state of play ahead of Hungary’s election The opposition Tisza party heads into Hungary’s election this weekend as the favourite but may still fall short of the two-thirds supermajority needed to deliver deep institutional reform and unlock... 9th April 2026 · 4 mins read
Latin America Economics Update Brazil: rising NPLs will keep credit conditions tight The rise in Brazil’s non-performing loan (NPL) ratio to its highest level in over a decade doesn’t appear to be a threat to financial stability. But it is symptomatic of very high interest rates and... 1st April 2026 · 3 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (March 2026) The conflict in the Middle East will lead to sharp falls in GDP in the Gulf economies and weigh on energy importers, especially in Asia. EM energy producers outside the Gulf will see a terms-of-trade... 12th March 2026 · 1 min read
Emerging Markets Economics Update Where might energy subsidy bills worsen fiscal strains? The sharp rise in energy prices threatens to raise the cost of energy subsidies across many emerging markets. Those governments with the largest subsidy bills also tend to be energy producers that... 11th March 2026 · 4 mins read
Africa Economics Update Easing sovereign debt risks bolster the region’s resilience The shock from the conflict in the Middle East has only had a modest impact on government borrowing costs in Africa, reflecting a marked improvement in sovereign risk profiles in the last few years... 10th March 2026 · 3 mins read
Latin America Economics Update Chile: the challenges facing President Kast Investors will welcome Chile’s new right-wing President José Antonio Kast – who will be sworn into office on Wednesday – but we doubt that he’ll be able to reinvigorate the copper sector and carry out... 10th March 2026 · 5 mins read
Emerging Europe Economics Update Poland: gold reserve plan highlights fiscal pressures Proposals by Polish policymakers to use valuation gains from the central bank’s gold reserves to finance defence spending highlight the growing strain on the public finances from the large budget... 10th March 2026 · 3 mins read
Africa Economics Weekly South Africa Budget, Kenya’s monetary easing cycle South Africa's government opted – as we expected - to use its 2026 Budget to give away its recent revenue windfall. That it was able to do so reflects the remarkable turnaround in the public finances... 27th February 2026 · 6 mins read
