Canada Rapid Response Canada GDP (May 2025) The back-to-back GDP declines in April and May look slightly less concerning in light of June’s preliminary estimate showing a 0.1% m/m gain, suggesting the earlier weakness was partly a hangover from... 31st July 2025 · 2 mins read
China Rapid Response Hong Kong GDP (Q2 Preliminary) Note: We are resending this Response due to a technical error. Apologies for any inconvenience caused. Plunge in HIBOR boosting consumption growth Hong Kong’s GDP growth surprised to the upside... 31st July 2025 · 2 mins read
Asia Rapid Response Taiwan GDP (Q2 2025, Adv. Estimate) Taiwan’s economy recorded another quarter of strong growth in Q2, of 3.1% q/q, on the back of a boom in exports which more than offset a further slowdown in domestic demand. This pace of growth is... 31st July 2025 · 3 mins read
Middle East & North Africa Rapid Response Saudi Arabia GDP (Q2 2025, Flash Estimate) Saudi Arabia’s flash estimate of Q2 GDP showed that the economy grew by 2.1% q/q, an improvement on the 1.1% expansion recorded in the first quarter, largely on the back of the unwinding of oil... 31st July 2025 · 2 mins read
China Rapid Response China PMIs (Jul. 2025) The drop in the Caixin manufacturing PMI provides further evidence that China’s economy lost some momentum last month, largely due to domestic weakness. Given the lack of stimulus signals from... 31st July 2025 (Updated 1st August 2025) · 3 mins read
Australia & New Zealand Rapid Response Australia Retail Sales (Jun./Q2 2025) The solid pickup in retail sales in June doesn’t detract from the fact that goods spending across Q2 was rather lacklustre. That being the case, the data won’t stand in the way of the RBA cutting... 31st July 2025 · 2 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Jun. 25) The rebound in industrial production in June confirms that Japan’s economy is shrugging off trade tensions and should prompt the Bank of Japan to revise up their forecasts for GDP growth at its... 31st July 2025 · 2 mins read
US Rapid Response US GDP (Q2 2025) The 3.0% annualised gain in second-quarter GDP overstates the economy’s underlying strength, as it was largely driven by a 30% slump in imports as pre-tariff stockpiling unwound. The more worrying... 30th July 2025 · 2 mins read
Africa Chart Pack Africa Chart Pack (Jul. 2025) Economies across Sub-Saharan Africa will be able to cope with higher US tariffs. And better terms of trade for most countries mean that painful currency adjustments are unlikely. That alongside lower... 30th July 2025 · 0 mins read
Latin America Rapid Response Mexico GDP (Q2 Provisional) The stronger-than-expected 0.7% q/q expansion in Mexico’s GDP suggests that the economy is weathering the tariff storm surprisingly well. While we don’t think this marks the start to a sustained pick... 30th July 2025 · 2 mins read
RBI Watch RBI Watch: Why we think the easing cycle is over The further sharp drop in headline inflation in June has raised the prospect of another interest rate cut at the Reserve Bank of India’s (RBI’s) upcoming MPC meeting on Wednesday 6th August. But given... 30th July 2025 · 6 mins read
Europe Economics Update Euro-zone households will remain reluctant to spend Households are still saving an unusually large share of their incomes and the latest surveys suggest that the saving rate will remain high in the near term, weighing on consumption. And while we... 30th July 2025 · 3 mins read
China Economics Update Politburo prioritises supply-side over demand-side The readout from today’s Politburo meeting strikes a less dovish tone compared with the previous meeting on economic affairs back in April and stops short of committing to any additional monetary or... 30th July 2025 · 4 mins read
Emerging Europe Rapid Response CEE Economic Sentiment Indicators (July) The EC’s Economic Sentiment Indicators for Central and Eastern Europe suggest that regional GDP growth maintained a moderate pace, at 2.0-2.5% y/y, at the start of Q3. The prices components of the... 30th July 2025 · 2 mins read
Europe Rapid Response Euro-zone GDP (Q2 2025) & ESI (July 2025) The slowdown in euro-zone GDP growth in Q2 came as no surprise as the boost from tariff front-running waned. We expect growth to remain weak in the second half of the year . 30th July 2025 · 2 mins read
