China Chart Pack Waiting for action Efforts to stabilise China’s financial markets have been a short term success. Although in aggregate March was one of the worst months on record for portfolio outflows from onshore markets, there were... 31st March 2022 · 12 mins read
Latin America Chart Pack Commodities boost Lat Am markets, economies less so High commodity prices caused by the war in Ukraine have driven a rally in Latin American currencies and equities this month, and are causing exports to surge. Weekly trade figures from Brazil and... 31st March 2022 · 16 mins read
Africa Chart Pack War in Ukraine: a varied impact across Africa Spillovers from the war in Ukraine will have a varied impact across Sub-Saharan Africa. Large oil producers such as Nigeria and Angola are benefitting from the surge in global oil prices but, for the... 31st March 2022 · 13 mins read
Emerging Europe Economics Update Hungary’s election: what’s at stake? Fidesz is looking the most likely to retain power in Hungary’s election this weekend, which will pave the way for four more years of tensions with the EU over the rule of law and raise the likelihood... 31st March 2022 · 3 mins read
Middle East & North Africa Economics Weekly Curtains close on World Expo, Gulf support for Egypt The World Expo in Dubai closes its doors today and, while it has provided a near-term fillip to the economy, we are concerned that it will leave a legacy of overcapacity in key sectors that reignites... 31st March 2022 · 6 mins read
Europe Economics Update Euro-zone exports will slow to a crawl Weakening GDP growth in the euro-zone’s trading partners – and a slump in Russia’s economy – mean that the currency union’s exports look set to grow very slowly this year. 31st March 2022 · 2 mins read
Canada Data Response GDP by Industry (Jan.) Following the moderate gain in GDP in January, the preliminary estimate of a further 0.8% m/m surge in activity in February will fuel speculation that the Bank of Canada will hike its policy rate by a... 31st March 2022 · 2 mins read
India Data Response Core Infrastructure Industries (Feb.) Output from India’s core infrastructure industries picked up in February as the Omicron wave subsided. But the surge in commodity prices as a result of the war in Ukraine is likely to squeeze profit... 31st March 2022 · 2 mins read
UK Economics GDP (Q4 Final) The leap in inflation was behind the fall in real household disposable incomes in Q4 of last year. But it is encouraging that households appear willing to reduce their saving rate in order to carry on... 31st March 2022 · 3 mins read
China Data Response China Official PMIs (Mar.) The surveys add to growing evidence of a large blow to service sector activity amid the latest virus surge. The hit to industry looks to have been much more modest. But even so, the economy is in the... 31st March 2022 · 3 mins read
Japan Data Response Japan Industrial Production (Feb 2022) Industrial production was broadly unchanged in February after two monthly falls that still left output well below its pre-supply shortages peak. 31st March 2022 · 2 mins read
Emerging Europe Chart Pack Russia entering recession, slowdowns in CEE The war in Ukraine has devasted its economy, while Western sanctions are likely to push Russia into a deep contraction, with GDP set to fall by 12% this year. Immediate fears of a Russian sovereign... 30th March 2022 · 15 mins read
Middle East & North Africa Chart Pack External strains building in North Africa The Gulf stands to benefit from the war in Ukraine. Oil output is likely to be raised more quickly, while higher energy prices will boost export revenues by around 10% of GDP this year, providing some... 30th March 2022 · 15 mins read
Commodities Focus The fallout from Europe’s energy war The industrial sector would bear the brunt of any power rationing imposed as a result of Europe’s shift away from Russian energy, but the direct economic impact of this would be smaller than one might... 30th March 2022 · 24 mins read
Europe Data Response EC Survey (Mar.) The European Commission business and consumer survey for March is consistent with our view that economic growth will be slower than most anticipate this year while inflation will overshoot... 30th March 2022 · 2 mins read
Emerging Europe Data Response Economic Sentiment Indicators (Mar.) The EC’s Economic Sentiment Indicators unsurprisingly fell in most countries in March amid the fallout from the war in Ukraine and there were further large increases in price pressures on the back of... 30th March 2022 · 3 mins read
