China Rapid Response Hong Kong GDP (Q1 Preliminary) Hong Kong’s Q1 growth surprised significantly to the upside, with the economy expanding by 5.9% y/y, up from 3.8% in Q4. In seasonally adjusted, q/q terms, the economy grew by 2.9%, the fastest pace... 5th May 2026 · 2 mins read
Australia & New Zealand Economics Update RBA hikes again, but sees risks as more two-sided The RBA’s decision to hike rates again at its meeting today came as little surprise. In her post-meeting press conference, Governor Bullock argued that with policy settings mildly restrictive again... 5th May 2026 · 4 mins read
Japan Chart Pack Japan Chart Pack (May 26) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. The government’s decision to cap gasoline prices means that inflation won’t rise far above the BoJ’s... 5th May 2026 · 1 min read
Australia & New Zealand Rapid Response Australia Household Spending (Mar./Q1 2026) With household spending holding up well in the face of the oil price shock, the RBA is unlikely to have major qualms about tightening policy further. 5th May 2026 · 2 mins read
Canada Economics Weekly Bank could still thread the (narrowing) policy needle We still see scope for the Bank of Canada to stall rate hikes until early next year given the looming CUSMA renegotiation and lack of major fiscal stimulus. However, with global oil benchmarks back... 1st May 2026 · 6 mins read
Europe Economics Update Gas prices and European competitiveness The increase in European gas prices caused by the Iran war has been much smaller than in 2022 but it will make European industry less competitive compared to the US. Within Europe, it will weigh on... 1st May 2026 · 3 mins read
Europe Economics Weekly The ECB’s balancing act Data released this week add to the evidence that the hit to the economy from higher energy prices could be a bit bigger than we have assumed in our baseline forecasts. But the upside risks to... 1st May 2026 · 6 mins read
Africa Economics Weekly SA mixed trade and fiscal data, Kenya’s strains building The impact of the Iran war is likely to lead to a (manageable) deterioration in South Africa’s trade and budget balances this year. Elsewhere, Kenya’s latest data pointed to slowing growth and rising... 1st May 2026 · 5 mins read
India Economics Weekly Aviation sector under increasing stress Unlike the cost of automotive fuel, aviation fuel costs in India have been rising since the start of the Iran war, particularly for international flights. With airlines' margins under pressure - and... 1st May 2026 · 3 mins read
Emerging Europe Economics Weekly Central Europe’s resilience, Polish inflation overshoots The April survey data for Central Europe published this week suggest that the region is weathering the early effects of the Iran war better than the euro-zone. But the surveys also point to a sharp... 1st May 2026 · 6 mins read
Emerging Europe Economics Update Romania: political turmoil adds to rebalancing challenge The vote of no confidence in Romania’s Prime Minister next week looks set to usher in renewed political instability. That will make it much harder to pass the fiscal austerity needed to tackle the... 30th April 2026 · 3 mins read
US Rapid Response US GDP (Q1 2026) The rebound in first-quarter GDP growth was partly driven by the reversal of the earlier government shutdown drag, but final sales to private domestic purchasers (FSPFP) also expanded at a solid 2.5%... 30th April 2026 · 2 mins read
Canada Rapid Response Canada GDP (Feb. 2026) GDP growth looks to have rebounded to 1.5% annualised last quarter, in line with the projection in the Bank’s updated Monetary Policy Report (MPR). With the economic backdrop notably improved for a... 30th April 2026 · 3 mins read
Latin America Rapid Response Mexico GDP (Q1 2026 Provisional) The larger-than-expected 0.8% q/q contraction in Mexico’s GDP was driven by broad-based weakness across all main sectors and strengthens the case for a 25bp cut at Banxico’s meeting next week. 30th April 2026 · 2 mins read
China Economics Update China’s startling debt build-up is continuing China is now more indebted relative to its GDP than the US, euro-zone and UK and the debt burden is still rising relentlessly. The risk that runaway debt triggers a crisis in China’s state-dominated... 30th April 2026 · 6 mins read
