UK Economics Update Three lockdowns, two recessions, one big recovery The third lockdown to contain COVID-19 means that the economy will start the year in recession and the recovery will be delayed again. Even so, by expecting the economy to regain its pre-crisis level... 5th January 2021 · 4 mins read
Europe Economics Update Monetary Indicators Monitor (Nov.) The lockdowns implemented at the end of last year did not lead to another surge in bank lending, probably because they were less strict and more focused on limiting social activity. But if lockdowns... 5th January 2021 · 4 mins read
Asia Economics Update Korea: demographic “time bomb” to weigh on growth Korea’s population last year shrank for the first time in its history, underlining the seriousness of the demographic “time bomb” facing the country. The poor demographic outlook is the key reason why... 5th January 2021 · 5 mins read
Long Run Update Korea: demographic “time bomb” to weigh on growth Korea’s population last year shrank for the first time in its history, underlining the seriousness of the demographic “time bomb” facing the country. The poor demographic outlook is the key reason why... 5th January 2021 · 5 mins read
Nordic & Swiss Data Response Manufacturing PMIs (Dec.) The strong set of December manufacturing PMIs from Switzerland and the Nordics indicates that industry started 2021 on the front foot, supported by robust activity in Asia. This bodes well for Q1 and... 4th January 2021 · 2 mins read
Japan Economics Update Output may keep rising despite state of emergency It looks likely that a state of emergency will be declared in the Greater Tokyo Area over the coming weeks which could involve the closure of shops, schools and restaurants. While that will result in... 4th January 2021 · 3 mins read
Emerging Europe Data Response Turkey Consumer Prices (Dec.) The further rise in Turkey’s headline inflation rate, to 14.6% y/y in December, is unlikely to be enough to push the central bank (CBRT) towards additional monetary tightening. Even so, with the CBRT... 4th January 2021 · 2 mins read
India Data Response Manufacturing PMI (Dec.) India’s manufacturing PMI reading for December points to a continued rebound in the sector at the end of last year. And the recovery could gain further momentum if COVID-19 vaccines are successfully... 4th January 2021 · 2 mins read
China Data Response China PMIs (Dec.) The latest manufacturing surveys suggest that factory activity remained strong in December but that the pace of expansion has started to ease. The official non-manufacturing PMI suggests that growth... 4th January 2021 · 2 mins read
Asia Data Response Singapore GDP (Q4, Advanced) Advanced GDP data show that Singapore’s economy continued to rebound at the end of 2020 – buoyant global demand for electronics and pharmaceuticals, strong fiscal support, and widespread vaccination... 4th January 2021 · 3 mins read
Asia Data Response Manufacturing PMIs, Korea Trade (Dec.) Manufacturing PMIs and Korean trade data suggest that regional industry and exports saw another sharp improvement at the end of the year. While some of this strength may fade in the coming quarters... 4th January 2021 · 2 mins read
UK Economics Update Brexit deal removes one potential brake on the recovery Today’s news that a UK-EU Brexit deal will soon be announced may not boost the financial markets by much more than it already has. But a decent economic recovery from the COVID-19 crisis in the second... 24th December 2020 · 4 mins read
UK Economics Update Brexit deal removes one potential brake on the recovery Today’s news that a UK-EU Brexit deal will soon be announced may not boost the financial markets by much more than it already has. But a decent economic recovery from the COVID-19 crisis in the second... 24th December 2020 · 4 mins read
Canada Data Response GDP by Industry (Oct.) The economy continued to recover at a decent pace in October and November despite the various restrictions imposed on high-risk services, but the broader lockdowns coming into effect in Ontario and... 23rd December 2020 · 2 mins read
India Chart Pack Cautious optimism as 2020 ends COVID-19 has ravaged India’s economy in 2020, and GDP is all but certain to have suffered its largest slump on record this year. But there are reasons for optimism as the year draws to a close... 23rd December 2020 · 9 mins read
