Europe Economics Update Exports alone can’t save Slovenia Slovenia’s large export sector is faring rather well, supporting the country’s efforts to avoid a bail-out from the euro-zone. But exporters alone will not save Slovenia. Rather, the Government needs... 19th August 2013 · 1 min read
Japan Data Response External trade (Jul.) The first rise in export volumes since early 2012 is unlikely to be sustained amid sluggish external demand. Meanwhile, the weak yen continues to have little impact on the trade deficit, which has... 19th August 2013 · 1 min read
US Economics Weekly Threat from twin deficits begins to recede The incoming news over the past couple of weeks suggests that the so-called twin deficits – the current account and Federal budget – are both improving, in the case of the Federal budget quite... 19th August 2013 · 1 min read
Canada Economics Weekly Some exporters could benefit from European recovery Canada's trade with the euro-zone is small, so any sustained European recovery would provide only modest support to Canadian export growth. That said, there are a few industries that might benefit... 19th August 2013 · 1 min read
US Economics Focus Current account deficit unlikely to re-emerge as threat Despite the recession in Europe and the slowdown in economic growth in China, the US current account deficit has continued to narrow. Our calculations suggest that in the second quarter it hit a 15... 15th August 2013 · 1 min read
Emerging Markets Economics Chart Pack Signs of improvement in China and Brazil The past month has brought some hope that economic conditions in two of the four BRICs – Brazil and China – might be improving. In China, data on trade, industrial production and investment have all... 15th August 2013 · 1 min read
Emerging Europe Economics Update Turkish growth comes with mounting risks Turkey’s economy has picked up pace over the first half of this year, but this has been fuelled by a sharprise in credit and has come at the expense of a renewed widening of the current account... 15th August 2013 · 1 min read
Japan Economics Weekly Yen weakness is not a panacea The conventional wisdom is that a weak yen should help boost the competitiveness of Japanese exports. However, most exports are invoiced in foreign currency, and exporters have been reluctant to lower... 12th August 2013 · 1 min read
UK Data Response Trade (Jun.) June’s trade figures suggest that the external sector is now joining in the economic recovery. But while the trade deficit narrowed, a recovery that continues to be primarily led by the consumer will... 9th August 2013 · 1 min read
Emerging Markets Trade Monitor EM trade steadies after first half slowdown There are some signs in the latest EM trade data that the slowdown in exports witnessed over the first half of this year has eased. Even so, export growth remains broadly flat in year-on-year terms in... 8th August 2013 · 1 min read
China Economics Update Trade data add to evidence of renewed pick-up in investment The rebound in both China’s exports and imports in July was bigger than most had expected. On the export side, there are signs that foreign demand is recovering.Meanwhile, the import data provide... 8th August 2013 · 1 min read
Canada Chart Pack Canada's sluggish export 'led' recovery Canada's export growth slowed to around 2.0% annualised in the second quarter, from just over 6.0% in the first quarter, which would seem to refute hopes of an export-led pick-up in economic growth... 7th August 2013 · 1 min read
Canada Data Response International Merchandise Trade (Jun.) June's 1.5% m/m rebound in export volumes and further contraction in imports are further evidence that the economy lost momentum in the second quarter. This supports our view that the economy grew by... 6th August 2013 · 1 min read
US Data Response International Trade (Jun.) The unexpectedly severe narrowing in the monthly external trade deficit to a near four-year low of $34.2bn in June, from $44.1bn, suggests that second quarter GDP growth was significantly stronger... 6th August 2013 · 1 min read
Emerging Markets Economics Update EMs likely to tread carefully with energy subsidy reform High global energy prices have contributed to rising subsidy spending across much of the emerging world. Some EMs have already started to cut back on subsidies. But fears of inflation and civil unrest... 6th August 2013 · 1 min read
