India Economics Weekly Surging portfolio inflows, Q3 GDP, RBI meeting Foreign portfolio inflows into Indian markets, particularly into equities, have surged in November and we think they will remain robust over the coming months. Looking ahead, we agree with market and... 27th November 2020 · 5 mins read
US Economics Weekly Yellen to be first female Treasury Secretary This week the markets were buoyed by the news that President-elect Joe Biden intends to nominate Janet Yellen to be Treasury secretary but, while she is eminently qualified, her lack of political deal... 25th November 2020 · 8 mins read
UK Economics Update Fiscal outlook isn’t as bad as it looks The Chancellor, Rishi Sunak, was right to say today that now is not the time to tighten fiscal policy. But given the OBR’s downbeat forecasts, the biggest danger is that the government is lured into... 25th November 2020 · 3 mins read
Canada Chart Pack Employment to decline in December The decline in restaurant visits in the past month suggests that over 100,000 jobs in the accommodation and food services sector were at risk even before most of the Greater Toronto Area moved into... 24th November 2020 · 9 mins read
India Chart Pack Oxford vaccine raises hopes India’s government has not put in any pre-orders for the Pfizer and Moderna vaccines that were first to report encouraging Phase 3 trial results. But, alongside the US, India has the largest order of... 24th November 2020 · 9 mins read
Asia Data Response Korea Trade (1st – 20th Nov.) Buoyant foreign demand for electronics drove strong export growth over the first 20 days of November and this should remain the case over the coming months. 23rd November 2020 · 2 mins read
UK Data Response Public Finances (Oct.) October’s public finances figures were far better than expected. But the likely economic contraction in November and extension of the government’s support measures mean that the better news won’t last... 20th November 2020 · 3 mins read
UK Data Response Public Finances (Oct.) October’s public finances figures were far better than expected. But the likely economic contraction in November and extension of the government’s support measures mean that the better news won’t last... 20th November 2020 · 3 mins read
Australia & New Zealand Economics Weekly Labour market to tighten, trade tensions to persist Some analysts have expressed optimism that the signing of the RCEP will help ease trade tensions between Australia and China, but we doubt the agreement will do much to calm the waters. Meanwhile, the... 20th November 2020 · 5 mins read
US Chart Pack Vaccine hopes set against darkening near-term outlook The continued surge in COVID-19 infections across the country is prompting a growing number of states to reimpose restrictions on activity. The softer retail sales data in October indicated that this... 19th November 2020 · 9 mins read
Japan Economics Update Benefits from RCEP set to be modest Given that Japan doesn’t have existing free trade agreements with either China or Korea, it is set to benefit more than other participants from the recently signed RCEP deal. However, tariffs will... 18th November 2020 · 3 mins read
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
