Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Aug. 2025) Capital inflows into EM bond markets appear to have surged over the past month, but outflows from EM equities picked up. Most EMs would be well-placed to cope in the event of a spike in capital... 27th August 2025 · 2 mins read
Africa Chart Pack Africa Chart Pack (Aug. 2025) We think economies across Sub-Saharan Africa will weather US tariffs relatively well. Indeed, improved terms of trade (for most) and lower inflation and interest rates should support a modest pick-up... 27th August 2025 · 0 mins read
Middle East & North Africa Economics Update Saudi Vision 2030: where do things stand with five years to go? Saudi Arabia’s Vision 2030 reform programme passed the halfway mark last year and we published an in-depth Focus evaluating the progress so far. This Update takes a fresh look at how close the... 27th August 2025 · 5 mins read
Climate Economics Monthly Climate Monthly: Tackling overcapacity; plastic pact bottled; beef-flation Overcapacity in China’s solar industry is set to remain a significant concern for policymakers and leading firms – in both China and the West – as the latest plans to address excess production... 27th August 2025 · 5 mins read
Canada Economics Update Counter-tariff shift makes life easier for the Bank The unilateral reduction in tariffs by Ottawa in the US-Canada trade war raises the likelihood of the Bank of Canada resuming its easing cycle next month given that, with US tariffs unchanged, the... 26th August 2025 · 4 mins read
Latin America Chart Pack Latin America Chart Pack (Aug. 2025) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Activity in many parts of the region, and Brazil in particular, slowed in Q2... 26th August 2025 · 1 min read
Latin America Economics Weekly Latin America Weekly: Worsening current account positions, Bolivia’s election One theme to emerge from the recently-released GDP figures is that domestic demand is increasingly leaking into imports, which will cause current account positions to worsen. External positions still... 22nd August 2025 · 5 mins read
Europe Economics Weekly Europe Weekly: Question marks over recovery, small progress on trade Economic data released this week cast some doubt on our forecast that euro-zone GDP growth will accelerate in the latter part of this year. Meanwhile, the EU-US joint statement on trade, also released... 22nd August 2025 · 7 mins read
India Economics Weekly India Weekly: Don't let a good crisis go to waste Time is running out for India to secure a reduction to the 50% tariff on exports to the US ahead of the 27th August deadline. But policymakers are using the threat that tariffs pose to the economy to... 22nd August 2025 · 5 mins read
Japan Economics Weekly Japan Weekly: External headwinds still not doing much damage There are mounting signs that higher US tariffs are starting to weigh on exports. However, with business investment holding up and inflation still strong, the financial markets are coming around to... 22nd August 2025 · 4 mins read
India Chart Pack India Chart Pack (August 2025) India is not anywhere near as dependent on final US demand as many other EMs are but a total tariff of 50% would be large enough to have a material impact on GDP growth. If it sticks, the resulting... 21st August 2025 · 1 min read
Middle East & North Africa Economics Weekly MENA Weekly: Abdalla stays on as rate decision looms, PIF Annual Report Hassan Abdalla’s term as Egypt’s central bank governor was renewed this week which bodes well for the ongoing shift to macro orthodoxy and broader structural reform. First up on his agenda will be... 21st August 2025 · 6 mins read
Japan Rapid Response Japan Flash PMIs (Aug. 25) While the strength in the composite PMI in August confirms that Japan’s economy is proving resilient to global trade tensions, there are early signs that external demand is weakening in earnest. 21st August 2025 · 2 mins read
US Economics Update Why is the US tariff rate not higher? The actual tariff rate on US goods imports was only 9% in June, far below most estimates at the time of about 15%. This reflects a shift in the composition of imports towards countries and goods with... 20th August 2025 · 4 mins read
Climate Economics Update Battery demand powers China’s green exports Despite signs of weakness in the broader trade data, China’s New Three export volumes reached a record high in July. This was mainly driven by a rise in exports of lithium-ion batteries. And while... 20th August 2025 · 2 mins read
