China Rapid Response China PMIs (Jul. 2026) The unofficial services PMI dropped sharply in July, mirroring the decline in its official counterpart and adding to the evidence that China's economy lost momentum at the start of Q3. But the recent... 31st July 2026 · 3 mins read
Japan Rapid Response Japan Activity, Labour Market (Jun. 26) & Tokyo CPI (July 26) The June activity data suggest that GDP rose at a robust pace last quarter, while there are early signs that higher energy costs are feeding through to consumer prices. 31st July 2026 · 2 mins read
China Chart Pack China Chart Pack (July 26) At around 3.2% y/y, China’s growth in Q2 was over 1%-pt weaker than official figures suggest. But growth has held steady in the face of the Iran war. Exports have continued to surge, largely driven by... 30th July 2026 · 0 mins read
Europe Economics Update Little macroeconomic impact of horrendous wildfires The wildfires that have been raging in France and Spain have already had a devastating effect on many businesses and there may be worse to come. However, their aggregate impact on GDP and the... 30th July 2026 · 3 mins read
Global Economics Chart Pack Global Economics Chart Pack (July 2026) Global growth appears to be regaining momentum, led by the US among advanced economies. We expect this trend to continue, supported by strong AI investment despite the risk posed by renewed... 30th July 2026 · 1 min read
US Rapid Response US Personal Income & Spending (Jun. 2026) The smaller-than-expected 0.13% m/m gain in the core PCE deflator in June will be a welcome sight for Fed officials, though that still only translated to small decline in the annual rate to 3.3%, from... 30th July 2026 · 2 mins read
US Rapid Response US GDP (Q2 2026) The slowdown in GDP growth to 1.5% annualised in the second quarter will not sway the Fed’s view that the economy is “expanding at solid pace”, given that final sales to private domestic purchasers... 30th July 2026 · 2 mins read
Latin America Rapid Response Mexico GDP (Q2 2026 Provisional) The larger-than-expected 1.5% q/q expansion in Mexico’s GDP partly reflected a recovery after Q1’s fall, and it won’t change the outcome of next week’s central bank meeting (a hold at 6.50% is all but... 30th July 2026 · 2 mins read
Middle East & North Africa Economics Weekly Hitting Iran’s economy, Saudi’s GDP fall There have been growing suggestions this week that the US will seek to put more economic pressure on Iran to force it to make concessions. But while Iran’s economy is showing increasing strains, the... 30th July 2026 · 6 mins read
Europe Rapid Response Euro-zone GDP (Q2 2026) The continued steady growth of the euro-zone economy in Q2 shows that households and businesses have not pared back their spending much due to the Iran war. We think the economy will continue growing... 30th July 2026 · 2 mins read
China Rapid Response China Politburo Meeting (Jul. 26) The Politburo has just concluded its July meeting which, as usual, focused on economic affairs. The tone was less upbeat than the April meeting, presumably reflecting the deterioration in a number of... 30th July 2026 · 3 mins read
Europe Rapid Response Euro-zone GDP (Q2 2026) National data released so far suggest that activity in the euro-zone held up quite well in the second quarter, with GDP in the euro-zone excluding Ireland probably rising by 0.2% q/q . We suspect it... 30th July 2026 · 2 mins read
Middle East & North Africa Rapid Response Saudi Arabia GDP (Q2 2026, Flash Estimate) The 4.8% y/y contraction in Saudi GDP for Q2 (down from growth of 3.0% y/y in Q1) was not as bad as we feared but nevertheless confirms that the Iran war has inflicted heavy damage on the Saudi... 30th July 2026 · 2 mins read
Africa Chart Pack Africa Chart Pack (Jul. 26) Economic growth in the region has been resilient in the face of the energy shock, and we think growth will accelerate from here. Although inflation rose last month, most central banks will be able to... 29th July 2026 · 0 mins read
Latin America Economics Update The macro implications of Lat Am’s shift to the right The political shift to the right in Latin America is likely to lead to a stronger geopolitical alignment with the US and economic policies that reduce country risk premia. Economic reforms may allow... 29th July 2026 · 5 mins read
