US Rapid Response US International Trade (Aug. 2025) Swings in gold trade were once more a key driver of movements in the trade balance in August, resulting in a $18.6bn narrowing in the deficit to $59.6bn. 19th November 2025 · 2 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (November 2025) Our Emerging Markets Chart Pack has been updated with the latest data and our analysis of recent developments. EM growth held up well in Q3, although headwinds from fiscal tightening, softer labour... 19th November 2025 · 1 min read
Asia Economics Update Taiwan: why aren’t consumers joining the party? Taiwan’s economy is booming and this has been driven almost entirely by exports, whereas domestic demand, and especially consumer spending, has been sluggish. That’s because faster wage increases in... 19th November 2025 · 4 mins read
Europe Economics Update US-Swiss deal to help reverse GDP contraction Assuming it is implemented soon, the deal to lower US tariffs on Switzerland from 39% to 15% would leave Swiss exporters paying the lowest US average tariff rate of any major economy, at around 7%... 17th November 2025 · 3 mins read
Emerging Markets Economics Update Early current account warning signs in a few EMs Emerging economies’ external positions generally look strong. But current account deficits are starting to widen in a handful of countries in Latin America as well as in the Philippines and Poland... 17th November 2025 · 3 mins read
Europe Economics Weekly France delays pension reform; Swiss-US talks The narrowing in the spread on French government bonds over the past month may reflect the fact that France has avoided early elections for now and the latest economic data have been quite strong. But... 14th November 2025 · 6 mins read
Japan Economics Weekly The risks from escalating tensions with China There is a risk that the recent tensions with China escalate into a full-blown trade spat akin to the conflict around the Senkaku islands in the early 2010s. There are several avenues through which... 14th November 2025 · 6 mins read
Middle East & North Africa Economics Weekly Shifting geopolitical allegiances, IMF to visit Egypt The meeting between Saudi Arabia’s Crown Prince Mohammed bin Salman and President Trump next week is widely expected to see the announcement of a new security deal and the US’s partnership in the... 13th November 2025 · 7 mins read
Asia Economics Update Philippines: wider current account leaves peso vulnerable The Philippines’ current account deficit has widened to more than 4% of GDP and it is being increasingly financed by more volatile forms of foreign capital. This helps to explain why the peso has... 13th November 2025 · 4 mins read
Asia Economics Update Are cheap imports from China lowering Asian inflation? We aren’t convinced that cheaper imports from China had much to do with the recent sharp fall in inflation in the rest of Asia. While we expect inflation to remain soft next year, that reflects our... 11th November 2025 · 4 mins read
China Economics Weekly Lower growth targets, more barriers to foreign chips China’s leadership appears to be quietly de-emphasizing a target to double the size of the country’s economy between 2020 and 2035, focusing instead on a slightly less ambitious per capita goal that... 7th November 2025 · 8 mins read
UK Economics Chart Pack UK Economics Chart Pack (Nov. 2025) If the Chancellor raises taxes by around £38bn (1.1% of GDP) in the Budget on 26th November as we expect, that may knock 0.2 percentage points off our 2026 GDP growth forecast of 1.2%. But it supports... 7th November 2025 · 1 min read
Australia & New Zealand Economics Weekly Australia poised to reap benefits from AI boom Australian imports of automatic data processing machines are growing at a breakneck pace, driven by the rapid expansion of data centre construction. We believe the AI revolution will continue to... 7th November 2025 · 4 mins read
China Rapid Response China Merchandise Trade (Oct. 2025) Headline export growth slowed sharply last month. US tariffs remained a drag, but the latest slowdown was led by shipments to other markets, suggesting that the renminbi's recent trade-weighted... 7th November 2025 · 3 mins read
Middle East & North Africa Economics Weekly UAE keeps up Gulf AI momentum, Qatar-Egypt deal AI-related investments in the UAE this week add to signs that the US is using access to AI technologies to take the Gulf economies away from China’s sphere of influence. It may also reflect the... 6th November 2025 · 8 mins read
