Emerging Europe Data Response Czech GDP (Q2 2021) The disappointing 0.6% q/q expansion of Czech GDP in Q2 suggests that industry may have fared worse than expected as input shortages took a greater toll on output. With virus restrictions easing... 30th July 2021 · 2 mins read
Japan Economics Weekly Another disappointing quarter Strong activity data for June confirm that the economy entered Q3 on a relatively strong footing. But while vaccinations are limiting the number of severe cases and deaths, daily coronavirus cases... 30th July 2021 · 5 mins read
China Chart Pack Investors refocus on long-term concerns Questions about the strength of China’s post-lockdown rebound have become louder since the People’s Bank cut the required reserve ratio three weeks ago. But the trigger for this week’s sharp equity... 30th July 2021 · 13 mins read
Australia & New Zealand Economics Weekly Activity to rebound in fourth quarter With the Sydney lockdown set to extend into the fourth quarter, we’ve lowered our Q3 GDP forecast further. However, we still think that the economy will bounce back in Q4 as vaccine hesitancy is... 30th July 2021 · 8 mins read
Asia Economics Weekly Virus now hitting industry in Malaysia and Vietnam Industry in Malaysia and Vietnam was already feeling a pinch from restrictions and worker shortages brought about by a jump in COVID-19 cases, but the situation is deteriorating fast. Data early next... 30th July 2021 · 9 mins read
Japan Data Response Labour Market, Ind. Production & Retail Sales (Jun. 21) Retail sales, industrial production and employment all rebounded strongly in June, pointing to a sizeable recovery in activity in between the Alpha- and Delta-driven coronavirus waves. That supports... 30th July 2021 · 3 mins read
Capital Daily Bond market pessimism looks overdone The US yield curve continues to send a gloomy message, which we think is hard to square with the economic outlook. 29th July 2021 · 6 mins read
Africa Chart Pack Delta threat building The highly contagious Delta variant of COVID-19 seems to be dominant now across much of Sub-Saharan Africa and is driving new waves in many of the large economies. South Africa appears to be over the... 29th July 2021 · 10 mins read
Canada Economics Re-opening should more than offset wildfire disruption The wildfires in British Columbia appear to have been more disruptive than we first thought, but GDP should still rise this month thanks to the easing of the coronavirus restrictions. The volume of... 29th July 2021 · 9 mins read
US Economics GDP (Q2) The relatively disappointing 6.5% annualised gain in second-quarter GDP, which was well below the consensus at 8.5%, included unexpected declines in government spending and residential investment, and... 29th July 2021 · 2 mins read
Emerging Markets Economic Outlook Low vaccine coverage makes variants the key risk Low vaccine coverage means that the threat to economic recoveries from the highly-contagious Delta variant is much larger in the emerging world than in developed economies. And EMs will take longer to... 29th July 2021 · 26 mins read
Emerging Europe Data Response Economic Sentiment Indicators (July) The EC’s Economic Sentiment Indicators showed a surprising fall in regional sentiment in July, but we suspect that this was a blip rather than the start of a trend. We still expect growth to be strong... 29th July 2021 · 2 mins read
Europe Data Response EC Survey (July) Economic sentiment in the euro-zone continued to improve in July as restrictions were lifted further. The EC Survey also showed that persistent input shortages are causing price pressures to grow... 29th July 2021 · 2 mins read
Middle East & North Africa Economics Saudi economy picking up pace Saudi Arabia’s economic recovery appears to have been quite strong in Q2 and the further easing of virus restrictions and rising oil production means that GDP growth will continue to gather steam over... 29th July 2021 · 2 mins read
Nordic & Swiss Economics Sweden GDP Indicator (Q2) & ETI (Jul.) The 0.9% q/q increase in Swedish GDP in Q2 was a touch weaker than our forecast (+1.0%) but stronger than the consensus (+0.7%). While the best of the rebound in the industrial sector may be behind us... 29th July 2021 · 2 mins read
Emerging Europe Data Response Russia Activity Data (Jun.) Russian activity data for June showed that the economy expanded at a solid pace in Q2, with overall GDP probably returning to just shy of its pre-pandemic level. While the re-opening boost will fade... 28th July 2021 · 2 mins read
