Middle East & North Africa Economics Weekly BRICS Summit, Morocco’s policymaking Saudi Arabia, the UAE, and Egypt were among six countries to be invited to join the BRICS bloc, which could solidify the shift in their geopolitical alignment towards a China-led bloc . This could... 24th August 2023 · 6 mins read
Africa Economics Update Africa’s slow tourism recovery sustains external strains Sub-Saharan Africa’s tourism industry has recovered slowly from the pandemic, albeit with significant variation in performance across the continent. Signs that the tourism outlook is weakening risk... 24th August 2023 · 3 mins read
Latin America Chart Pack Latin America Chart Pack (August 2023) Our Latin America Chart Pack has been updated with the latest data and our analysis of recent developments. Brazil's and Mexico's economies are likely to outperform others in the region in 2023, but... 23rd August 2023 · 1 min read
Middle East & North Africa Chart Pack Middle East and North Africa Chart Pack (Aug. 2023) Oil output cuts are driving a sharp slowdown in economic growth across the Gulf. The hit to volumes will more than offset the rebound in oil prices but, for now at least, fiscal policy is being kept... 21st August 2023 · 1 min read
Emerging Europe Economics Weekly Russia’s macro pressures, external conditions tighten Macroeconomic stability risks started to crystallise in Russia this week as the ruble slumped and the central bank intervened with an emergency rate hike. Policymakers are considering further measures... 18th August 2023 · 7 mins read
Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (August 2023) Our Emerging Markets Chart Pack has been updated with the latest data and our analysis of recent developments. EM GDP growth will be weaker than most expect over the coming quarters. And with... 18th August 2023 · 1 min read
Japan Economics Weekly Bank of Japan won’t rush to tighten policy With the economy seemingly running hot and underlying inflation still accelerating, the case for tighter monetary policy looks increasingly compelling. However, we still expect the Bank of Japan to... 18th August 2023 · 5 mins read
India Chart Pack India Chart Pack (Aug. 2023) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. India’s economy is showing signs of coming off the boil, and core inflation is moderating. However... 17th August 2023 · 1 min read
Emerging Markets Economics Update Current EM turmoil not a sign of widespread risks The crises unfolding in Argentina, Russia, as well as in China’s property sector, this week may rumble on for some time. And in the case of China’s property downturn, there are likely to be spillovers... 15th August 2023 · 3 mins read
Japan Economics Update Fall in energy imports has further to run Most of the plunge in import volumes last quarter reflects lower energy imports. With the Ukraine war rekindling concerns about energy security and energy prices remaining stubbornly high, import... 15th August 2023 · 3 mins read
Middle East & North Africa Economics Update Saudi Arabia’s recession deepens Oil output cuts fuelled Saudi Arabia’s economic downturn in the first half of 2023 and the drag from the oil sector appears to have intensified more recently. Taking together with signs that activity... 14th August 2023 · 3 mins read
Latin America Rapid Response Argentina Devaluation and Interest Rate Hike The news just out that Argentina has devalued the peso by around 20% against the dollar (to 350/$) and hiked the policy interest rate by 21%-pts to 118% underscores that the economy is lurching... 14th August 2023 · 2 mins read
Canada Economics Weekly Data still consistent with soft(ish) landing Although export volumes fell for the second month running in June, the strength of imports suggests that domestic demand is holding up and the Bank of Canada will be pleased to see that import prices... 11th August 2023 · 5 mins read
China Economics Weekly Export pullback understated, foreign travel to pick up The export data published by China’s customs bureau appear to have become less reliable recently and subject to unusually large revisions. Alternative indicators suggest that the true level of exports... 11th August 2023 · 6 mins read
