Africa Economics Weekly Inflation shocks, Ghana growth The surprise rises in inflation in March in Sub-Saharan Africa's two biggest economies are likely to put pressure on policymakers in Nigeria and South Africa to raise interest rates further. Elsewhere... 21st April 2023 · 5 mins read
Global Economics Update PMIs still pointing to robust GDP growth Once again the PMIs suggest that real activity in advanced economies continues to shrug off the effects of higher interest rates. According to the flash PMIs, GDP and employment growth both got off to... 21st April 2023 · 3 mins read
Canada Data Response Retail Sales (Feb.) After a strong start to the year, retail sales volumes dropped back in February and the preliminary estimate implies they fell again in March. While consumption probably still rose at a healthy pace... 21st April 2023 · 2 mins read
Nordic & Swiss Economics Weekly Krona versus Krone, Switzerland outperforming We expect the Norwegian krone and the Swedish Krone to appreciate against the euro this year. The krone looks significantly undervalued to us, whereas the krona is likely to benefit from the Riksbank... 21st April 2023 · 6 mins read
Europe Economics Weekly Strong start to Q2, 50bp May hike still on the cards The latest surveys suggest that the euro-zone economy started Q2 on a strong footing. With underlying price pressures also still strong, we think a 50bp hike at the ECB meeting in May remains the most... 21st April 2023 · 9 mins read
UK Data Response S&P Global/CIPS Flash PMIs (Apr.) April’s flash PMIs suggest the economy is still proving resilient to the dual drags of high inflation and high interest rates going into Q2. That, alongside evidence suggesting that domestic... 21st April 2023 · 3 mins read
UK Data Response Retail Sales (Mar.) Underlying retail sales volumes aren’t as soggy as the 0.9% m/m drop in March suggests as some of that fall was due to the unusually wet weather. The further rebound in consumer confidence in April... 21st April 2023 · 3 mins read
Japan Economics Weekly We still expect Ueda to spring a surprise next week Press reports suggest that the Bank of Japan will predict inflation of 2% two years ahead at next week's meeting, which would suggest that the Bank is closer than ever to meeting its inflation target... 21st April 2023 · 8 mins read
Australia & New Zealand Economics Weekly More trouble brewing down under Things will get worse before they get better for the Antipodean economies. House prices in New Zealand have plummeted by 18% from their January 2022 peak. And with affordability extremely stretched... 21st April 2023 · 5 mins read
China Economics Weekly Takeaways from the detailed Q1 GDP breakdown The Q1 GDP figures left little doubt that China's economy is rebounding more quickly than most had anticipated. The detailed sectoral breakdown published a day later received less attention but... 21st April 2023 · 4 mins read
Japan Data Response Japan Flash PMIs (Apr. 2023) April’s flash PMIs point to further upside risks to our GDP forecasts, indicating a broad improvement in both domestic and external demand. That suggests the exports downturn may be short-lived... 21st April 2023 · 2 mins read
Africa Economics Update Malaria vaccine: a potentially big long-term boost The economic impact of the Oxford malaria vaccine, which has now been approved by regulators in Ghana and Nigeria, will depend on the pace and breadth of the rollout and how long immunity lasts for... 20th April 2023 · 4 mins read
