Europe Data Response German Ifo Survey (Sep.) The further big fall in the Ifo Business Climate Index (BCI) in September adds to the gloom surrounding the German economy as worries about energy prices and declining household real incomes hit... 26th September 2022 · 2 mins read
Europe Rapid Response German Ifo Business Climate Index (September) Slump in Ifo signals Germany in recession The further big fall in the Ifo Business Climate Index (BCI) in September adds to the gloom surrounding the German economy as worries about energy prices and... 26th September 2022 · 2 mins read
Japan Data Response Japan Flash PMIs (Sep. 2022) September’s flash PMIs indicate yet another slowdown in the manufacturing sector, while services appear to be recovering from the recent record virus wave. 26th September 2022 · 2 mins read
Africa Economics Weekly Ghana’s economic woes, perpetual power cuts in SA Despite the release of better-than-expected Q2 GDP growth figures in Ghana, the economic outlook remains gloomy as policy tightening to address the country’s debt woes will increasingly bite. And in... 23rd September 2022 · 7 mins read
Global Economics Update Central banks won’t flinch at weak PMIs Another month, another batch of PMIs pointing to Q3 GDP having fallen in major advanced economies. Yet despite the deterioration in real activity, as well as some further signs that pipeline price... 23rd September 2022 · 3 mins read
Canada Economics Weekly Hawkish Fed forces the Bank to do more The hawkish message from the Federal Reserve this week has prompted us to revise up our forecast for the peak policy rate in Canada to 4.0%, even as the latest data suggest that inflationary pressures... 23rd September 2022 · 5 mins read
Emerging Europe Economics Weekly Russia’s mobilisation, external conditions tighten President Putin's "partial mobilisation" of Russian military reservists this week as part of its ongoing war with Ukraine could have important macro implications for Russia's economy through... 23rd September 2022 · 8 mins read
Europe Economics Weekly ECB to raise rates further, and perhaps faster We revised up our forecasts for the ECB’s key policy rate this week, and now see it peaking at 3% next year rather than 2%. Moreover, we think there is a growing chance of a 100bp rate hike next month... 23rd September 2022 · 9 mins read
Nordic & Swiss Economics Weekly A trio of hawkish central banks In what has proven to be an action-packed week for major central banks, those in the Nordics and the SNB kept their end up and delivered historically large rate rises. And despite the surveys... 23rd September 2022 · 6 mins read
Africa Economics Update Economic pain mounting in Nigeria The latest data out of Nigeria suggest that economic pain is mounting under the weight of troubles in the key oil sector as well as the country’s unorthodox FX policies. With little reprieve on the... 23rd September 2022 · 2 mins read
UK Data Response S&P Global/CIPS Flash PMIs (Sep.) The slip in the composite flash PMI to 48.4 in September took it further below the boom-bust level of 50 and sits comfortably with recent data that suggests the economy is already in a recession. That... 23rd September 2022 · 3 mins read
Europe Data Response Euro-zone Flash PMIs (September) September’s PMI surveys are consistent with a small decline in euro-zone GDP in Q3. And the increases in the prices indices suggest that inflation is not yet at a turning point. 23rd September 2022 · 2 mins read
Europe Rapid Response Euro-zone Flash PMIs (September) September’s PMI surveys are consistent with a small decline in euro-zone GDP in Q3. And the increases in the prices indices suggest that inflation is not yet at a turning point. The further fall in... 23rd September 2022 · 2 mins read
Japan Economics Weekly Yen line drawn at 145, BoJ to defend YCC settings While it is uncertain whether policymakers will be able to hold the 145 line in the sand they have drawn for the yen with their intervention on Thursday, we think the Bank of Japan will be able to... 23rd September 2022 · 8 mins read
