Africa Economics Weekly SA data rush gives reason to be (somewhat) upbeat The raft of economic data released in South Africa over the past week suggests that the economy will continue to expand at a solid (albeit unspectacular) pace over the course of 2026-27. Will the AI... 5th December 2025 · 6 mins read
Europe Economics Weekly Euro-zone growth will remain weak The small upward revision to the euro-zone's third-quarter GDP growth, from +0.2% to +0.3% q/q, does not change our view that there has been no meaningful increase in momentum in the second half of... 5th December 2025 · 5 mins read
Australia & New Zealand Economics Weekly Upside risks in the spotlight ahead of RBA meeting The modest pickup in Australia's Q3 GDP belies the fact that domestic demand rose at its fastest pace in over two years. With fiscal policy set to remain loose and the private sector springing back... 5th December 2025 · 5 mins read
Latin America Economic Outlook Electoral forks in the road Latin America’s GDP growth is likely to slow a little in 2026 and, with inflation softening, monetary easing is likely to continue. The scale of rate cuts will vary across countries, with a large... 4th December 2025 · 23 mins read
Middle East & North Africa Economics Weekly Egypt’s bumper PMI, Saudi Budget, MENA 2026 Outlook November’s batch of PMIs suggest that growth strengthened in the region last month, particularly in Egypt where the survey hit its highest level (outside the post-pandemic recovery) since 2015... 4th December 2025 · 7 mins read
Middle East & North Africa Economic Outlook Strengthening growth and shifting alignments The Middle East and North Africa is set to record its fastest pace of GDP growth (outside the post-pandemic recovery) since 2011 next year. Continued oil output hikes and the switch on of Qatar’s... 4th December 2025 · 22 mins read
Latin America Rapid Response Brazil GDP (Q3 2025) The further slowdown in Brazil’s GDP growth in Q3, to 0.1% q/q, was driven by weakness in household consumption. We expect the economy to slow further in 2026 and with inflation set to continue... 4th December 2025 · 2 mins read
Australia & New Zealand Rapid Response Australia Monthly Household Spending Indicator (Oct. 25) The surge in household spending in October confirms our view that the RBA won’t cut rates any further. If anything, the risk is that the Bank will feel compelled to tighten policy before long. 4th December 2025 · 2 mins read
US Rapid Response US ISM Services Index (Nov 2025) The sizeable fall back in the ISM Services prices paid index is consistent with “supercore” PCE inflation remaining elevated next year, but by much less than implied by last month’s release. That... 3rd December 2025 · 2 mins read
US Rapid Response US Industrial Production (Sep. 2025) The small rise in industrial production in September and revisions to previous months’ data mean output was unchanged across the third quarter as a whole. With the timelier ISM manufacturing index... 3rd December 2025 · 2 mins read
RBA Watch RBA will remain on hold for the foreseeable future With inflation showing signs of persistence, activity recovering, and the labour market holding its own, the Reserve Bank of Australia is likely to deliver a hawkish hold at its meeting next week... 3rd December 2025 · 7 mins read
Australia & New Zealand Rapid Response Australia GDP (Q3 2025) Although activity lost a bit of momentum last quarter, we suspect growth will hover at around its trend rate in the year ahead. The upshot is that, although the RBA won’t cut rates any further, we... 3rd December 2025 · 2 mins read
Asia Economics Focus Taiwan’s economy to keep flying in 2026 Taiwan is on course to record GDP growth of over 7% this year and our forecast for the economy to expand by another 5% next year lies well above the consensus. Rapid growth in exports of AI-related... 2nd December 2025 · 8 mins read
Japan Economic Outlook BoJ will bring rates close to neutral by 2027 The economy will continue to grow at a healthy pace, which should ensure that the labour market remains very tight. While energy subsidies and falling crude oil prices will weigh on headline inflation... 2nd December 2025 · 17 mins read
Emerging Markets Economics Update EM industry weakens, but a few bright spots The fall in the EM manufacturing PMI to a four-month low in November reflects a loss of momentum in some of the largest EMs, most notably China. But conditions in industry have strengthened in some... 1st December 2025 · 2 mins read
