Asia Data Response Manufacturing PMIs & Korea Trade (Jan.) Manufacturing PMIs edged up slightly in January but remained subdued overall. We continue to expect weak global demand and elevated interest rates to drag on manufacturing activity in the coming... 1st February 2023 · 2 mins read
China Data Response Caixin Manufacturing PMI (Jan.) The Caixin manufacturing PMI published today edged up slightly in January as disruption from the reopening wave eased but it remained at a subdued level. Taken together with the official survey... 1st February 2023 · 3 mins read
Africa Chart Pack Growth faltering in region’s biggest economies While the economic outlook in much of the world has turned less downbeat in recent weeks, the prospects for Sub-Saharan Africa’s two biggest economies have, if anything, got gloomier due to homegrown... 31st January 2023 · 12 mins read
Middle East & North Africa Chart Pack Egypt: benefits of a weaker currency emerging The further falls in the Egyptian pound over the past month will push up inflation and prompt the central bank to deliver more monetary tightening, but there are already signs that the benefits of a... 31st January 2023 · 13 mins read
US Economics Update Recession Watch (Jan.) Our tracking models now suggest the economy is more likely than not to be in recession in three months’ time, supporting the message from the latest surveys and hard activity data that GDP is likely... 31st January 2023 · 5 mins read
Europe Economics Update New euro-zone forecasts: recession and slow recovery We think that the euro-zone will enter a recession in the first half of this year and then experience a slow recovery. Our new GDP forecasts show a 0.5% contraction in 2023 and growth of only 0.8%... 31st January 2023 · 3 mins read
Canada Data Response GDP by Industry (Nov.) The monthly data suggest GDP growth slowed to 1.6% annualised in the fourth quarter, which would be better than initially expected considering the surge in interest rates. Nonetheless, with some of... 31st January 2023 · 2 mins read
Latin America Data Response Mexico GDP (Q4 Prov.) The 0.4% q/q rise in Mexican GDP in Q4 suggests that the economy held up better than its Latin American peers towards the end of last year. But even so, the economy in the midst of a slowdown, which... 31st January 2023 · 2 mins read
Europe Data Response Euro-zone GDP (Q4) The small increase in euro-zone GDP in Q4 was better than we feared a few months ago but the economy excluding Ireland still flat-lined. As the data deteriorated towards the end of the quarter and... 31st January 2023 · 2 mins read
Middle East & North Africa Rapid Response Saudi Arabia GDP (Q4 2022, Flash Estimate) The flash estimate for Saudi Arabia’s economy showed GDP expanded by a solid 1.5% q/q in Q4, but year-on-year growth continued to soften and we expect this slowdown to continue into the early part of... 31st January 2023 · 2 mins read
Emerging Europe Data Response Czech GDP (Q4 2022) The 0.3% q/q contraction in Czech GDP in Q4 confirmed that the economy was in recession over the second half of last year. The outlook for the economy has brightened a bit in recent months as natural... 31st January 2023 · 2 mins read
China Data Response Official PMIs (Jan.) The official PMIs add to evidence of a rapid rebound in economic activity this month as disruption from the reopening wave faded. More shoppers returned to the street boosting services activity while... 31st January 2023 · 3 mins read
