Australia & New Zealand Economics Weekly RBA has more work to do We expect the Reserve Bank of Australia to follow up this week’s 25bp hike with additional policy tightening in the months ahead. Indeed, with growth set to accelerate further above potential this... 6th February 2026 · 4 mins read
Canada Economics Focus Will the build-to-rent boom turn to bust? The boom in build-to-rent (BtR) housing starts to record highs, despite the immigration crackdown and accompanying fall in rents on new leases, reflects the significant expansion of government support... 5th February 2026 · 15 mins read
US Economics Update AI already making a big contribution to productivity growth The further gains in GDP in the ICT industries in the third quarter, despite another fall in employment, is a clear sign to us that AI is boosting productivity. While other factors help to explain the... 5th February 2026 · 4 mins read
India Economics Focus India’s corporate investment is on the cusp of a revival We think conditions for the long-awaited revival in private corporate investment in India are now largely in place. As a result, we now expect real GDP growth in India to average 6.5% per year from... 5th February 2026 · 12 mins read
Emerging Europe Economics Update Turkey’s rebalancing process enters a more difficult phase The latest data out of Turkey have reinforced our view that the rebalancing process is becoming more challenging. At the heart of the problem is excessively strong domestic demand and the tension... 4th February 2026 · 5 mins read
US Rapid Response US ISM Services Index (Jan 2026) While not as eye-catching as last month’s rise in the ISM manufacturing index to a three-year high, the ISM services index remained at a healthy 53.8 in January, hinting at the potential for some more... 4th February 2026 · 2 mins read
Asia Economics Update Taiwan leaving Korea in the slow lane Taiwan’s economy for a long time grew at the same pace as Korea, but is now surging ahead. Taiwan’s central role in AI-related electronics supply chains has driven a powerful post-pandemic expansion... 4th February 2026 · 3 mins read
Europe Economics Update ECB Bank Lending Survey (Q4 2025) The ECB’s Q4 Bank Lending Survey, published this morning, suggests that banks have become more cautious about lending to companies while consumers remain reluctant to spend. It also showed that the... 3rd February 2026 · 3 mins read
Middle East & North Africa Rapid Response Middle East & North Africa PMIs (Jan. 2026) January’s PMIs from across the region showed that non-oil sectors across much of the Gulf lost momentum against the backdrop of low oil prices and heightened tensions in the region due to the protests... 3rd February 2026 · 3 mins read
Australia & New Zealand Economics Update RBA raises rates, leaves door ajar for further hikes The Reserve Bank of Australia struck an unambiguously hawkish tone when it raised rates by 25bp at its meeting today. Our base case is that the Bank will deliver only one more 25bp hike this year, but... 3rd February 2026 · 3 mins read
US Rapid Response US ISM Manufacturing Index (Jan 2026) The surge in the ISM Manufacturing Index in January suggests that after years of malaise, perhaps the manufacturing sector might be turning a corner. While the headline index is still at a level that... 2nd February 2026 · 2 mins read
UK Economics Chart Pack UK Economics Chart Pack (Feb. 2026) The data published since the start of the year suggest economic activity and price pressures have strengthened. But we still expect annual GDP growth to slow and the weak labour market to weigh on... 2nd February 2026 · 1 min read
Middle East & North Africa Economics Update Saudi’s two-speed economy to soften in 2026 Saudi Arabia’s economy strengthened over the course of 2025 as the resumption of oil output hikes fuelled growth. But as that boost starts to fade and fiscal consolidation is ramped up against the... 2nd February 2026 · 3 mins read
Emerging Europe Rapid Response Emerging Europe Manufacturing PMIs (Jan.) The manufacturing PMIs out of Emerging Europe all came in below 50 which suggests that industrial sectors across the region started the year on the back foot. We think that demand conditions in... 2nd February 2026 · 2 mins read
Asia Economics Update Asia Manufacturing PMIs, Korea Trade (January) The January manufacturing PMI readings for Asian economies remain consistent with generally steady growth in manufacturing. However, the PMIs have recently been a poor guide to the hard activity data... 2nd February 2026 · 3 mins read
