Europe Data Response Euro-zone Flash CPI (Apr.) & Spanish GDP (Q1) April’s euro-zone CPI inflation data confirmed that inflation remains stubbornly high. Over the coming months, we expect inflation to fall, but only gradually, ensuring that the squeeze on households’... 30th April 2012 · 1 min read
Asia Economics Weekly Chinese tourism bonanza for Asia The past 15 years has seen a surge in the number of mainland Chinese travelling overseas. Although Chinese tourists are becoming increasingly adventurous and travelling further afield, the vast... 30th April 2012 · 1 min read
Europe Economics Weekly Growth talk is cheap Last week saw what appeared to be an encouraging outbreak of unity amongst euro-zone policymakers on the need to supplement fiscal austerity with bigger efforts to boost economic growth. But talk is... 30th April 2012 · 1 min read
China Chart Pack Glimmers of hope in March It was not hard to find evidence of economic weakness in China in Q1. Imports, retail spending, property sales and, of course, GDP growth all slowed. But there were glimmers of a turnaround towards... 26th April 2012 · 1 min read
Latin America Chart Pack Inflation has further to fall The decision by Brazil’s central bank earlier this month to cut interest rates once again has raised concerns in some quarters about the outlook for inflation over the rest of this year. As it happens... 25th April 2012 · 1 min read
Middle East & North Africa Chart Pack G7 to the rescue? The recent announcement by the G7’s Deauville Partnership that it will soon deliver on its earlier promise of a $20 billion ‘Arab Spring’ package to Egypt, Morocco, Tunisia, Libya and Jordan, could... 24th April 2012 · 1 min read
Global Economic Outlook US recovery, European recession We expect world GDP to grow by around 3% both this year and next. The US economy is set to recover steadily but the euro-zone recession will deepen, causing the sovereign debt crisis to flare up again... 24th April 2012 · 1 min read
Canada Data Response Consumer Price Index (Mar.) March's sharp drop in headline consumer price inflation, to 1.9% from 2.6%, and the decline in the official 'core' inflation figure, to 1.9% from 2.3%, supports our view that the Bank of Canada is... 20th April 2012 · 1 min read
Asia Economic Outlook Asia well placed to withstand weaker global growth Asia is well placed to withstand the impact of any major shocks to the global economy. The health of economic fundamentals and policymakers’ room for stimulus should enable the region to grow by just... 19th April 2012 · 1 min read
Canada Economics Update Bank of Canada signals possible rate increases The Bank of Canada's policy statement, which pledged to keep interest rates at 1.0% for now, signalled that some small increases might soon be needed. This hawkish change from last month’s fairly... 17th April 2012 · 1 min read
Asia Economics Update Reserve Bank of India cuts repo rate, prioritising growth The Reserve Bank of India cut its key policy rate by 50bp today in response to slower growth and a fall in underlying inflation. We suspect it will deliver a further 50bp of rate cuts by year-end as... 17th April 2012 · 1 min read
UK Data Response Consumer Prices (Mar.) The recent downward trend in inflation came to a halt in March, but this should be only temporary. We still expect inflation to fall below its target later this year. 17th April 2012 · 1 min read
Europe Economic Outlook Crisis unsolved as growth outlook darkens Hopes that the crisis in the euro-zone had been solved by Greece’s debt restructuring and the ECB’s recent liquidity injections have faded. Despite some signs of resilience in Germany, the economic... 16th April 2012 · 1 min read
US Data Response Consumer Prices (Mar.) Despite the 0.3% m/m increase in consumer prices in March, favourable base effects still pushed the annual rate of CPI inflation down to a 12-month low of 2.7%, from 2.9%. The rate should fall to... 13th April 2012 · 1 min read
Emerging Europe Economics Update Core inflation weakens in Eastern Europe Headline inflation remains above-target in most of Emerging Europe. But inflation fell in several countries last month while core price pressures are subdued everywhere apart from Turkey. 13th April 2012 · 1 min read
Middle East & North Africa Data Response Saudi Arabia Consumer Prices (Mar.) Saudi Arabia’s headline inflation remained unchanged in March as a rise in food inflation was offset by a drop in housing (rent and utilities) inflation. 10th April 2012 · 1 min read
