Canada Economics Weekly Housing proposals unlikely to amount to much Housing has emerged as one of the key issues in the federal election campaign but, even if some of the latest proposals are implemented, we doubt that they would have much impact on house prices. 27th August 2021 · 6 mins read
Emerging Europe Economics Weekly Russia’s giveaways, NBP’s hawkishness, Turkey and SDRs Russia's government this week unveiled new lump-sum payments to pensioners and military personnel ahead of September's election, strengthening our above-consensus views on inflation and interest rates... 27th August 2021 · 7 mins read
Nordic & Swiss Economics Weekly Survey synchronisation; NOK resurgence The sharp fall in the forward-looking Swiss investor sentiment indicator in August mirrored the pattern seen in the German Ifo. While sentiment was bound to soften sooner or later and Switzerland has... 27th August 2021 · 6 mins read
Europe Economics Weekly Business surveys point to continued recovery The business surveys for August published this week provided some reassurance that the euro-zone economy is continuing to grow at a decent pace. And the decline in the forward-looking components is... 27th August 2021 · 8 mins read
UK Economics Weekly Shortages threatening to stifle the recovery The list of anecdotal reports of labour and product shortages has grown ever longer in the past week and pose two major risks to the economy. First, that the near-term recovery will be slower than we... 27th August 2021 · 4 mins read
Africa Chart Pack Economic damage report from latest virus waves The evidence from the latest COVID-19 waves sweeping through Sub-Saharan Africa point to a smaller economic blow compared to previous waves. Of course, there is a considerable degree of divergence... 27th August 2021 · 13 mins read
China Economics Weekly Property comedown, vaccine setback The macro backdrop behind Evergrande’s latest profit warning is a rapidly cooling property market. Home sales have fallen below 2019 levels in recent weeks, with the prop to demand from excess... 27th August 2021 · 5 mins read
Nordic & Swiss Data Response Sweden GDP (Q2) & ETI (Aug.) The release of GDP data from Sweden this morning confirmed that the economy surpassed its pre-virus peak in Q2, and we expect output to make further gains in Q3. 27th August 2021 · 2 mins read
Australia & New Zealand Economics Weekly Reopening moving closer as vaccine rollout speeds up The easing of restrictions for vaccinated people in New South Wales announced today fell short of expectations but with the vaccine rollout accelerating, Australia’s lockdowns should end towards the... 27th August 2021 · 6 mins read
Asia Economics Weekly South East Asia: hit from Delta will be slow to fade There are some signs that the Delta outbreak battering South East Asia is at least past its worst. But a rapid turnaround in the region’s economic fortunes looks unlikely. 27th August 2021 · 6 mins read
Australia & New Zealand Data Response Australia Retail Sales (Jul 2021) The decline in retail sales in July highlights the impact that lockdowns are having on the Australian economy. And with lockdowns spreading and intensifying in August, sales will fall further before... 27th August 2021 · 2 mins read
India Economics Weekly Kerala concerns, Sensex surge Headline numbers suggest that the recent virus outbreak in Kerala has been brought under control, but that seems to be in large part a reflection of a sharp fall in testing. And with vaccination... 27th August 2021 · 5 mins read
Japan Economics Weekly Delta may soon peak, Kishida seeks to replace Suga The government this week expanded state of emergencies to nearly all prefectures and consumers are responding to the surge in virus cases with renewed caution. We’ve therefore pencilled in a renewed... 27th August 2021 · 6 mins read
Capital Daily What to make of the S&P 500’s soaring valuation The S&P 500 remains within a whisker of its all-time high, despite faltering a bit today. Although much of its gain since spring 2020 has reflected growth in earnings, its valuation has also risen... 26th August 2021 · 5 mins read
Middle East & North Africa Chart Pack Gulf countries move to lift containment measures High levels of vaccine coverage have paved the way for policymakers across the Gulf to lift measures to contain COVID-19 over the past month or so. The UAE remains ahead of the pack in the vaccine... 26th August 2021 · 14 mins read
Emerging Europe Chart Pack Inflation pressures mount as activity rebounds Recoveries across Emerging Europe accelerated in Q2 as the easing of virus restrictions pushed GDP to, or above, pre-pandemic levels in most countries and we think this momentum will continue in Q3... 26th August 2021 · 16 mins read
