Canada Economics Weekly Canada Weekly: Carney plays defence The government’s new commitment to NATO’s 2% of GDP defence spending target will do little to help the economy this year, since the announced additional spending is focused in operations and... 13th June 2025 · 5 mins read
US Rapid Response US Uni. of Michigan Consumer Sentiment (June 2025) The stronger-than-expected June University of Michigan consumer sentiment index suggests that, despite ongoing policy uncertainty, consumers have become much less worried about both tariffs and... 13th June 2025 · 1 min read
Canada Rapid Response Canada Manufacturing Sales (Apr. 2025) Manufacturing sales volumes plunged in April as the temporary boost to exports from tariff front-running unwound. Prospects for a meaningful rebound over the coming months look slim, with new orders... 13th June 2025 · 2 mins read
Europe Economics Weekly Europe Weekly: End of tariff front-running to weigh on Q2 GDP Data published this week suggest that the boost to the euro-zone economy from exporters front-running US tariffs came to an end at the start of the second quarter. Next week, we expect central banks... 13th June 2025 · 4 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: Recovery appears to be stumbling in the Antipodes New survey data suggest that business conditions in Australia continued to deteriorate in May. Moreover, with firms also reporting a renewed easing in cost and price pressures, risks are tilting... 13th June 2025 · 5 mins read
India Economics Weekly India Weekly: Q3 Outlook, inflation, defence spending Headline inflation in India has dropped to a more-than-six-year low and, while higher oil prices are an upside risk following Israel's air strikes on Iran, there are reasons to think inflation will... 13th June 2025 · 3 mins read
Latin America Economic Outlook Latin America Outlook: US protectionism just one of many challenges Mexico has emerged from the US’s shift to protectionism better than was feared a few months ago. But the economy will still struggle to eke out any growth this year. And while the rest of the region... 12th June 2025 · 21 mins read
Middle East & North Africa Economics Weekly MENA Weekly: Israel-Iran fears, Red Sea investment, Saudi Q1 GDP Worries of an imminent Israeli strike on Iran and/or its proxies drove a jump in oil prices on Wednesday, but the fallout for the oil market and, in turn, the Gulf economies should be limited... 12th June 2025 · 8 mins read
Europe Economics Update Norges Bank in no rush to start cutting We expect Norges Bank to wait a bit longer before it finally starts to cut interest rates. And as the economy is growing at a decent pace and the labour market is still tight, the Bank is likely to... 12th June 2025 · 3 mins read
UK Economics Rapid Response UK GDP (Apr. 2025) The fall in GDP in April supports our view that the strength of the economy in Q1 was a red herring and that GDP growth will be more subdued during the rest of the year. This won’t prompt the Bank of... 12th June 2025 · 3 mins read
Canada Chart Pack Canada Chart Pack (June 2025) The economy faces a prolonged period of weak growth as US tariffs and uncertainty over the future of the USMCA weigh on exports and investment. We forecast quarterly GDP growth of less than 1%... 11th June 2025 · 0 mins read
Europe Chart Pack Europe Chart Pack (Jun. 2025) Euro-zone GDP rose strongly in Q1 but the economy will struggle in the rest of this year as tariff front-running ends and higher US tariffs start to weigh more heavily on activity. Increased defence... 10th June 2025 · 1 min read
Bank of Japan Watch BOJ Watch: Bank of Japan will resume tightening in October We suspect that the Bank of Japan will stick to its downbeat outlook for economic activity at its upcoming meeting. However, we doubt that trade tensions will weigh on inflation as much as... 10th June 2025 · 9 mins read
US Economics Update Foreign visitor slump could lend the Fed a hand A slump in the number of foreign visitors to the US could prove to be a helpful source of deflationary pressure this year, while having a limited impact on GDP growth. 9th June 2025 · 3 mins read
India Economic Outlook India Outlook: Economic outperformance in the face of tariff threat India’s economy has had a strong first half of the year and is poised to grow by 7% in both 2025 and 2026, making it a global outperformer. The recent sharp drop in inflation has enabled the Reserve... 9th June 2025 · 17 mins read
US Economics Weekly US Weekly: Tax cuts, trade and a truce The latest CBO projections suggest that tariff revenues will almost exactly offset the cost of the budget reconciliation over the next decade. Otherwise, although the recent talks between Presidents... 6th June 2025 · 5 mins read
