US Economics Update Bernanke further paves the path towards QE3 Fed Chairman Ben Bernanke used his speech at Jackson Hole today to state that unconventional monetary policy does work and that the US needs more of it. It now appears even more likely that at the... 31st August 2012 · 1 min read
Canada Economics Weekly Is Canada's current account deficit sound? Canada's current account deficit is likely to widen due to slower forecast global economic growth and lower commodity prices. That said, the large net financial deficit of households indicates that... 31st August 2012 · 1 min read
Japan Economics Weekly Industry struggling as policy support fades The boost to industrial production from reconstruction spending appears to be fading. With no signs of a recovery in domestic private sector demand, and external demand set to remain weak, the outlook... 31st August 2012 · 1 min read
Europe Economics Weekly Consumer outlook darkens Data published last week did nothing to alter the picture of a rapidly worsening outlook for domestic spending throughout the euro-zone. Consumer sentiment in the periphery is now only a touch above... 31st August 2012 · 1 min read
Canada Data Response GDP (Q2 2012) Canada's 1.8% annualised second-quarter GDP growth was slightly stronger than we had assumed, but was still short of the 2% or more needed to help reduce excess capacity in the economy. With... 31st August 2012 · 1 min read
Latin America Economics Update Brazil held back by supply constraints The Brazilian economy should fare better in the second half of this year, but we doubt that any rebound will be as brisk as policymakers expect. Indeed, with supply constraints holding back growth, we... 31st August 2012 · 1 min read
US Economics Weekly Is the fiscal cliff already dampening activity? Although the tax hikes and spending cuts that constitute the fiscal cliff aren’t due to take place until the start of next year, businesses are increasingly stating that the resulting fiscal... 31st August 2012 · 1 min read
Europe Data Response Euro-zone Unemployment (Jul.) & Flash CPI (Aug.) The rise in euro-zone unemployment in July, coupled with the pick-up in inflation in August, supports the view that the downturn in household spending will intensify in the second half of this year. 31st August 2012 · 1 min read
Europe Commercial Property Update Will Danish industrial property continue to underperform? Industrial property in Copenhagen is unlikely to buck the general trend of falling capital values in European markets. But over the next 18 months, and in contrast to the past five years, those falls... 31st August 2012 · 1 min read
Asia Economics Weekly Asia's consumers far from immune to global problems We expect global demand to stay weak in coming quarters and for labour markets and consumer confidence in Asia to soften as a result. Central banks in the region are likely to ease further, which... 31st August 2012 · 1 min read
Asia Economics Update Growth remains weak in India, pick up unlikely soon Today’s GDP data from India show that although the y/y rate of growth increased, the economy remains very weak. India’s economic troubles are mostly self-inflicted and result from policy paralysis... 31st August 2012 · 1 min read
UK Data Response GfK/NOP Consumer Confidence (Aug.) Consumer sentiment continues to be very depressed. If the Olympic Games did give confidence a boost in August, this appears to have been drowned out by the gloomy economic news, particularly... 31st August 2012 · 1 min read
UK Economics Update Monetary Indicators Monitor (Aug.) Household borrowing recovered in July after it was depressed by temporary factors in June. Nonetheless, the big picture is that borrowing growth remains very weak. 31st August 2012 · 1 min read
UK Economics Update Household Borrowing Monitor (Jul.) Household borrowing recovered in July after it was depressed by temporary factors in June. Nonetheless, the big picture is that borrowing growth remains very weak. 30th August 2012 · 1 min read
Canada Data Response Payroll Survey (Jun.) & Balance of Payments (Q2) June's non-farm payroll survey data, which showed solid gains in average weekly earnings and employment, indicate that better second-quarter wages and salaries growth supported stronger consumption... 30th August 2012 · 1 min read
