Japan Data Response Japan External Trade (Oct. 2020) Although export volumes returned to pre-virus levels in October, import volumes bounced back more strongly. That supports our view that the boost to growth from net trade will now fade. 18th November 2020 · 2 mins read
Japan Chart Pack Only light-touch restrictions on horizon for now Japan is in the midst of a third wave of COVID-19. Daily infections have already reached their previous early-August peak. Only the Hokkaido Government has responded with countermeasures so far... 17th November 2020 · 10 mins read
Africa Economics Focus Debt relief: the state of play and what’s next There has been much less progress towards debt relief for African economies than many had hoped. And governments’ diverse array of creditors means that the “Common Framework” recently unveiled by the... 16th November 2020 · 19 mins read
India Economics Update Export rebound stalls India recorded its largest monthly goods trade deficit since the start of the pandemic in October as the export recovery came to an abrupt halt. Looking ahead, unlike much of Asia, India will not... 16th November 2020 · 2 mins read
UK Economics Weekly Vaccine may allow the UK to close the gap on its peers 13th November 2020 · 7 mins read
UK Economics Weekly Vaccine may allow the UK to close the gap on its peers The UK is one of the economies that stands to benefit the most from COVID-19 vaccines. As it has suffered by more than its peers on the way down, there is more scope for its bounce to be bigger on the... 13th November 2020 · 7 mins read
Europe Data Response Euro-zone GDP & Employment (Q3), Int. Trade (Sep.) The second estimate that euro-zone GDP rose by 12.6% q/q in Q3 was little different to the “preliminary flash” estimate published a fortnight ago and means that GDP was 4.4% below its Q4 2019 level... 13th November 2020 · 3 mins read
Asia Data Response Korea Trade (1st – 10th Nov.) Korean exports remained buoyant in the first ten days of November and there are few signs that large second waves of the virus are weighing on demand for Korean exports. We expected continued strong... 11th November 2020 · 2 mins read
UK Economics Chart Pack Lockdown and Brexit make for a bumpy Christmas The UK is facing up to the possibility of a festive period dominated by COVID-19 restrictions and Brexit. We think that the England-wide lockdown will shrink the economy by 8% m/m in November and that... 9th November 2020 · 9 mins read
Asia Economics Update Deglobalisation to continue despite Biden victory Joe Biden is likely to take a different approach to trade relations than Donald Trump, but his election will not reinvigorate globalisation, which has stalled over recent years. This will act as a... 9th November 2020 · 3 mins read
China Data Response Trade (Oct.) Exports continued to do well last month thanks to a shift in consumption, from services toward goods, in many of China’s trading partners. Meanwhile, inbound shipments held up better than the decline... 9th November 2020 · 2 mins read
UK Economics Weekly Lockdown déjà vu The second lockdown will probably reduce the level of GDP in November by about 8.0% m/m. That would mean GDP in November would be about 15.5% below February’s level and might not regain its pre-crisis... 6th November 2020 · 8 mins read
Australia & New Zealand Economics Weekly China threat to trade is growing Exports to China haven't fallen as much as those to other parts of the word despite mounting trade tensions. China has so far kept disruptions to trade to smaller export categories. But with reports... 6th November 2020 · 5 mins read
Europe Chart Pack New lockdowns weighing on activity and inflation Euro-zone economic activity looks set to slow sharply again in November and to remain weak for a while beyond that. The number of patients in intensive care units is rising rapidly and we suspect that... 5th November 2020 · 12 mins read
Australia & New Zealand Data Response International Trade (Sep.) The widening of the trade balance in September was not enough to prevent trade from being a significant drag on growth in Q3. 5th November 2020 · 2 mins read
