Asia Rapid Response Korea GDP (Q3 2025, adv) Korea’s economy accelerated sharply in Q3 and, with the bank still worried about overheating in the property market, today’s strong data make a November rate cut even less likely. 27th October 2025 · 2 mins read
US Chart Pack US Chart Pack (Oct. 2025) Strong AI-related business investment and resilient consumer spending means we now expect growth to average near-3% in the second half of the year. The recent slowdown in employment growth and limited... 27th October 2025 · 1 min read
Europe Rapid Response Germany Ifo Survey (October 2025) The pick-up in the German Ifo chimes with that in the Composite PMI released on Friday and suggests that the German economy may be past the worst. This would be in line with our view that economy will... 27th October 2025 · 2 mins read
Canada Economics Weekly Trade talks termination emblematic of trade woes President Trump’s termination of trade talks won’t make a big difference to the near-term outlook, given rumours that any imminent deal would only provide modest tariff relief to the metals sectors... 24th October 2025 · 5 mins read
Emerging Europe Economics Weekly Pressure on Russia ramps up as Trump loses patience The US sanctions on Russia’s energy sector announced this week, if enforced stringently, have the potential to significantly raise the cost for Russia of continuing the war in Ukraine. But Putin’s... 24th October 2025 · 6 mins read
China Economics Weekly Five-Year Plan teasers suggest rebalancing will be slow Officials have pledged to significantly increase the consumption share of GDP. But the wider messaging on China’s upcoming Five-Year Plan suggests that efforts to further expand the supply-side of the... 24th October 2025 · 7 mins read
Latin America Economics Weekly All eyes on Argentina’s election, Mexico’s weak economy Argentines head to the polls on Sunday in crucial mid-term elections that will determine the future of President Milei's stabilisation programme. A poor showing for his La Libertad Avanza party would... 24th October 2025 · 8 mins read
US Rapid Response US S&P Global PMIs (Oct) The rebound in the S&P Global composite PMI to a 3-month high of 54.8 in October, from 53.9, puts it at a level that has historically been consistent with GDP growth of around 3% annualised. The... 24th October 2025 · 1 min read
Europe Economics Weekly Tensions simmering between the EU and China Tensions between the EU and China over rare earths and semiconductors, which continued to simmer this week, could weigh on euro-zone industry, particularly the defence and auto sectors. Next week, the... 24th October 2025 · 10 mins read
Asia Economics Weekly Taiwan’s booming economy, Korea and Indonesia rates Q3 GDP data due to be released next week are likely to show that Taiwan’s economy recorded another quarter of rapid growth and there are reasons to think that this strength will last a while longer... 24th October 2025 · 7 mins read
UK Economics Rapid Response UK S&P Global Flash PMIs (Oct. 2025) October’s flash PMIs suggest that the economy continued to muddle through at the start of Q4 and the upside risks to inflation faded a bit further. This probably won’t prompt the Bank of England to... 24th October 2025 · 3 mins read
Europe Rapid Response Euro-zone Flash PMIs (October 2025) October’s flash PMIs suggest that the euro-zone economy may have picked up a bit at the start of the fourth quarter, although we suspect that growth will probably remain low at around 0.2% q/q. 24th October 2025 · 2 mins read
Australia & New Zealand Economics Weekly Critical minerals deal holds promise for Australia The critical minerals agreement signed by Australia and the US will provide only a modest boost to activity in the near term. However, the deal highlights the opportunities that global fracturing... 24th October 2025 · 5 mins read
Japan Rapid Response Japan Flash PMIs (Oct. 25) While the composite PMI softened in October, it still points to a healthy expansion in economic activity. 24th October 2025 · 2 mins read
Canada Rapid Response Canada Retail Sales (Aug. 2025) The solid rebound in retail sales in August will not do much to spare the economy from a sharp slowdown in consumption growth in the third quarter given the similar-sized fall in sales expected in... 23rd October 2025 · 2 mins read
China Economics Update China's Five-Year Plan: Staying the course on industrial policy China’s leadership has just wrapped up a closed-door meeting to discuss the upcoming Five-Year Plan. The message from the post-meeting communique is one of policy continuity, with technological... 23rd October 2025 · 3 mins read
