China Activity Monitor

CAP: Growth picks up, but economy remains weak

Our China Activity Proxy shows that China’s economy accelerated last month, with growth picking up across all sectors. Still, the economy remains far weaker than official estimates suggest. We expect...

28th August 2025 · 1 min read

Emerging Europe Rapid Response

CEE Economic Sentiment Indicators (Aug.)

The European Commission’s Economic Sentiment Indicators for Central and Eastern Europe (CEE) generally rose in August despite the higher 15% US tariff on the EU coming into force, and point to an...

28th August 2025 · 1 min read

Europe Rapid Response

EC Survey (August 2025)

August’s business and consumer survey from the European Commission adds to the impression that the damage from higher US tariffs has been limited. Nevertheless, economic growth remains sluggish.

28th August 2025 · 2 mins read

Africa Chart Pack

Africa Chart Pack (Aug. 2025)

We think economies across Sub-Saharan Africa will weather US tariffs relatively well. Indeed, improved terms of trade (for most) and lower inflation and interest rates should support a modest pick-up...

27th August 2025 · 0 mins read

Middle East & North Africa Economics Update

Saudi Vision 2030: where do things stand with five years to go?

Saudi Arabia’s Vision 2030 reform programme passed the halfway mark last year and we published an in-depth Focus evaluating the progress so far. This Update takes a fresh look at how close the...

27th August 2025 · 5 mins read

Australia & New Zealand Chart Pack

ANZ Chart Pack (Aug. 2025)

Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. We believe monetary easing has further to run in the Antipodes. The case for policy stimulus is clear...

27th August 2025 · 1 min read

Latin America Chart Pack

Latin America Chart Pack (Aug. 2025)

Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Activity in many parts of the region, and Brazil in particular, slowed in Q2...

26th August 2025 · 1 min read

US Rapid Response

US Durable Goods Orders (July 2025)

July’s surprisingly positive durable goods orders numbers suggests that businesses may be acclimatising to tariff policy uncertainty and upping their investment. Weak capex survey intentions means we...

26th August 2025 · 2 mins read

UK Economics Update

Are interest rate cuts helping the UK economy?

The Bank of England’s interest rate cuts haven’t boosted the economy much partly as they have been dampened by global developments. To deliver a bigger boost, the Bank would need to cut rates faster...

26th August 2025 · 5 mins read

Canada Economics Weekly

Canada Weekly: Softer price data keeps two rate cuts on the table

The inflation outlook has improved notably in recent days, with core price pressures modest in July and businesses' selling price expectations holding steady this month. While it is still not certain...

22nd August 2025 · 5 mins read

Middle East & North Africa Chart Pack

Middle East & North Africa Chart Pack (Aug. ’25)

Our Middle East & North Africa Chart Pack has been updated with the latest data and our analysis of recent developments. Oil prices have fallen back in the wake of the Israel-Iran ceasefire and, with...

22nd August 2025 · 1 min read

Canada Rapid Response

Canada Retail Sales (June 2025)

The strong rebound in June retail sales should reassure the Bank of Canada that consumer spending is holding up, although the flash estimate of a drop back in sales in July implies that growth remains...

22nd August 2025 · 2 mins read

Europe Economics Weekly

Europe Weekly: Question marks over recovery, small progress on trade

Economic data released this week cast some doubt on our forecast that euro-zone GDP growth will accelerate in the latter part of this year. Meanwhile, the EU-US joint statement on trade, also released...

22nd August 2025 · 7 mins read

China Economics Weekly

Millions are about to see their take-home pay fall

From 1st September onwards, companies in China and their employees will no longer be able to avoid making social security contributions. This will pave the way for higher pay-outs over the medium-term...

22nd August 2025 · 5 mins read

Australia & New Zealand Economics Weekly

ANZ Weekly: RBNZ turns dovish, Australia discusses tax reform

When the RBNZ cut rates by 25bp at its meeting this week, it acknowledged that it would need to lower the policy rate all the way to 2.5% this cycle – consistent with our longstanding forecast. And...

22nd August 2025 · 5 mins read