Canada Rapid Response Canada GDP (Jan. 2026) The rise in GDP in January and projected gain in February leaves first-quarter growth roughly in line with the Bank of Canada’s most recent estimates. While this is still consistent with the Bank... 31st March 2026 · 2 mins read
China Chart Pack China Chart Pack (Mar. 26) China’s growth picked up at the start of the year, thanks to a boost from stronger fiscal spending and exports. This year’s Budget suggests that this fiscal support won't last. As a net energy... 31st March 2026 · 0 mins read
Global Economics Update What are the potential implications of Houthi Attacks? While the direct effect of renewed strikes on shipping in the Red Sea on aggregate world trade is likely to be limited, the impact on Asian economies that rely more heavily on oil imports from Saudi... 31st March 2026 · 4 mins read
Africa Economics Update Oil gains lift Angola and Nigeria, but Mozambique strained The surge in energy prices from the Middle East conflict will boost incomes in Angola and Nigeria and upcoming elections and persistent spending pressures mean that much of the windfall is likely to... 31st March 2026 · 5 mins read
UK Economics Rapid Response UK GDP (Q4 2025 Final) The confirmation that real GDP grew by just 0.1% q/q in Q4 of last year is a reminder that the economic backdrop is much weaker now than the last time energy prices surged in 2022. 31st March 2026 · 3 mins read
China Rapid Response China PMIs (Mar. 2026) The decline in the RatingDog manufacturing PMI for March partially offsets the strength in the official survey data. But the big picture remains that, despite rising price pressures, the Iran War has... 31st March 2026 · 3 mins read
Japan Rapid Response Japan Activity & Labour Market (Feb. 26), Tokyo CPI (Mar. 26) The February activity data show that Japan’s economy approached the Iran war with solid momentum and with inflation unlikely to surge, we expect any hit to activity from higher energy costs to be... 31st March 2026 · 2 mins read
Global Economics Update Will the Iran war undermine AI investment? The Iran war could take some of the momentum out of the AI investment boom but we doubt that it will fundamentally disrupt the overall build-out. 30th March 2026 · 5 mins read
Europe Rapid Response Euro-zone EC Survey (March 2026) March’s EC survey suggests that the jump in energy prices has had a very limited impact on activity so far, while services firms’ selling price expectations are little changed. 30th March 2026 · 2 mins read
US Economics Weekly Manufacturing dragging down non-residential construction We do not expect the war in Iran to dent the data centre buildout but, with manufacturing construction investment falling sharply, we may still be overestimating the outlook for non-residential... 27th March 2026 · 8 mins read
China Activity Monitor CAP: Fiscal boost drives new year recovery Our China Activity Proxy suggests that economic activity picked up at the start of the year on the back of stronger fiscal spending and export growth. But the Budget for this year implies that the... 27th March 2026 · 2 mins read
Europe Economics Weekly Effects of Iran conflict beginning to show up There were clear signs this week that the Iran conflict is causing inflation and inflation expectations to rise in the euro-zone. Next week we expect to learn that headline inflation jumped from 1.9%... 27th March 2026 · 9 mins read
China Economics Weekly Economic hit from Iran War has been limited so far Early evidence supports our view that China’s economy will be resilient to higher global energy prices. Regulators have moved to shield most firms and households from the brunt of the increase in... 27th March 2026 · 5 mins read
Emerging Europe Economics Weekly New outlook, Turkey FX reserves, Russia’s fiscal boost The early signs suggest that the Iran conflict and surge in energy prices have had only a limited impact on activity across Emerging Europe so far. But balance of payments pressures are building in... 27th March 2026 · 7 mins read
Asia Economics Weekly Challenging inheritance for new Bank of Korea governor Incoming Bank of Korea Governor Shin Hyun-song brings formidable credentials and his appointment will reassure investors unsettled by high debt levels in Korea and the jump in property prices in Seoul... 27th March 2026 · 5 mins read
