Europe Data Response German GDP (Q4 2021) The decline in economic activity at the end of last year left GDP well below its pre-pandemic level and much weaker than in other major advanced economies. Activity seems to have stabilised in January... 28th January 2022 · 3 mins read
China Data Response Hong Kong GDP (Q4 Preliminary) Hong Kong’s economy barely grew in Q4 despite a rebound in goods exports. And with stricter containment measures imposed this month to contain the latest outbreak, we expect an outright contraction... 28th January 2022 · 2 mins read
Europe Data Response French & Spanish GDP (Q4 2021) Both the French and Spanish economies ended 2021 on a strong note, but for different reasons. In France, domestic demand pushed output above its pre-virus level, a boon for President Macron ahead of... 28th January 2022 · 2 mins read
Japan Economics Weekly Stricter listing rules to lift profitability further Profit margins of listed Japanese firms hit a record high at the end of last year despite the headwinds from goods shortages and soaring input costs. That rise has a large structural component... 28th January 2022 · 6 mins read
Australia & New Zealand Chart Pack Inflationary surge prompting monetary tightening New Zealand’s inflation surged to a 30-year high of 5.9% in Q4. And while Australia’s 3.5% was much lower, it is well above the RBA’s 2-3% target band. Trimmed mean inflation is about one percentage... 28th January 2022 · 11 mins read
China Economics Weekly Too much of a good thing? The R&D intensity of China’s economy continued to rise last year and is converging toward the levels of advanced economies. But that’s not necessarily a good thing for a country with much lower... 28th January 2022 · 6 mins read
India Economics Weekly What to expect from the Union Budget For watchers of India’s economy, next week is one of the most significant of the year as Finance Minister Nirmala Sitharaman delivers the Union Budget for FY22/23 on Tuesday. Unusually, the fiscal... 28th January 2022 · 5 mins read
Metals Outlook Prices to succumb to weaker demand before long Soaring energy prices have given a renewed boost to industrial metals prices in recent months but, if we are right, and power costs ease back from April, we think prices will fall sharply later in... 27th January 2022 · 19 mins read
Emerging Europe Chart Pack Industry shifts into gear amid signs of easing shortages Industry across Emerging Europe turned a corner in Q4 as auto production rebounded strongly. This comes amid signs that supply shortages are starting to ease; our proprietary shortages dashboard... 27th January 2022 · 12 mins read
US Data Response GDP (Q4), Durable Goods (Dec.) The acceleration in GDP growth to 6.9% annualised in the fourth quarter, from 2.3% in the third, mainly reflects a record surge in inventories, which will be partly reversed in the first quarter of... 27th January 2022 · 2 mins read
Middle East & North Africa Economics Weekly Egypt privatisation, Russia-Ukraine, Oman subsidies Further reports that Egypt’s government is stepping up the pace of structural reforms are promising for the country’s longer-term growth prospects. For the Gulf economies, Russia-Ukraine tensions... 27th January 2022 · 7 mins read
Asia Chart Pack Rising virus numbers unlikely to derail recovery The Omicron variant is spreading quickly across Asia. Daily virus numbers are now at record levels in Korea, Singapore and the Philippines. However, the economic impact of Omicron is shaping up to be... 27th January 2022 · 15 mins read
Emerging Markets Activity Monitor EM recovery holding up pre-Omicron The latest activity figures suggest that the EM recovery held up reasonably well at the end of last year, although China’s economy was struggling for momentum. While Omicron virus waves are likely to... 27th January 2022 · 2 mins read
India Chart Pack Activity holds up as Omicron peaks The rapid spread of the Omicron variant in India has caused economic activity to weaken so far in 2022. But the damage has been much less severe than during the previous two outbreaks. Perhaps... 27th January 2022 · 9 mins read
Asia Data Response Taiwan GDP (Q4, provisional) GDP growth in Taiwan rebounded last quarter on the back of a recovery in consumer spending, and we estimate the economy ended the year around 4% above its pre-virus trend. Growth is set to slow over... 27th January 2022 · 2 mins read
Asia Data Response Philippines GDP (Q4) While an Omicron wave means the economy’s continued strong performance in Q4 is unlikely to be repeated this quarter, we think growth will pick up again before long. That said, the overall recovery... 27th January 2022 · 3 mins read
