Nordic & Swiss Economics Weekly Swiss and Nordic economies heading south This week we got yet more data showing that economies in the region are slowing. Sweden’s Economic Tendency Indicator for September plummeted and suggested that growth has abruptly stalled, and... 30th September 2022 · 6 mins read
UK Data Response Money & Credit (Aug.) The surge in interest rate expectations since the Chancellor’s “mini-budget” will sharply raise the cost of borrowing in the economy. We now expect Bank rate to reach a peak of 5.00% which will push... 30th September 2022 · 3 mins read
Europe Rapid Response Euro-zone Flash Inflation (Sep.) & Unemployment (Aug.) 30th September 2022 · 2 mins read
Japan Economics Weekly Upcoming travel subsidies a flash in the inflation pan The government announced this week that it will once again be providing travel subsidies, this time under the National Travel Discount (NTD) program, from 11th October through December. Prefectural... 30th September 2022 · 7 mins read
India Economics Update RBI frontloads again but pace of tightening set to slow The RBI hiked the repo rate by another 50bp (to 5.90%) today and the communications give a clear steer that the tightening cycle still has further to run. But with inflation set to slow, we think the... 30th September 2022 · 3 mins read
UK Data Response GDP (Q2 Final) The good news is that the economy is not already in recession. The bad news is that contrary to previous thinking, it still hasn’t returned to pre-pandemic levels. It’s the only G7 economy in that... 30th September 2022 · 3 mins read
Japan Data Response Labour Market, Retail Sales & Activity (Aug. 22) The unemployment rate dropped to a four-month low in August and a continued rise in the job-to-applicant ratio suggests that the labour market will continue to tighten. Meanwhile, both industrial... 30th September 2022 · 4 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Aug. 22) 30th September 2022 · 2 mins read
China Data Response PMIs (Sep.) The surveys suggest that China’s economy continued to lose momentum in September, with the global downturn weighing on exports and virus disruptions dealing a fresh blow to services activity. While... 30th September 2022 · 3 mins read
Emerging Europe Economics Update CEE: monetary tightening now biting hard Higher interest rates are already having an impact in CEE and a large part of the tightening of monetary conditions has yet to feed through. This will add to the headwinds facing growth in the coming... 29th September 2022 · 5 mins read
Canada Data Response GDP by Industry (Jul.) Strong gains in the natural resource sector will prevent the economy from contracting this quarter but, with the business surveys deteriorating and the global economy facing recession, it looks... 29th September 2022 · 2 mins read
Africa Chart Pack African central banks stepping up to the plate Just like their peers in advanced economies, monetary policymakers across Sub-Saharan Africa have turned more hawkish recently. Central banks in South Africa and Nigeria hiked interest rates... 29th September 2022 · 12 mins read
