Canada Economics Update Surging agricultural prices small net positive for economy While the drought threatening US farmers' crops has led to a surge in agricultural crop prices, many farmers in Western Canada are thankfully anticipating a return to normal production and in some... 22nd August 2012 · 1 min read
Europe Commercial Property Update What is the outlook for Dutch retail property? The weakness of indicators of consumer activity in the Netherlands suggests that the recent pause in retail rental value growth is unlikely to be a one-off. Even so, the outlook for Dutch retail... 21st August 2012 · 1 min read
Commodities Update Brent still likely to end the year below $100 We have revised our near-term forecasts for the price of Brent crude higher to reflect the ongoing support from hopes of global policy stimulus and fears over tensions in the Middle East. However... 21st August 2012 · 1 min read
Latin America Economic Outlook Dragged down by weaker global economy The next 12 months are shaping up to be the most challenging since the 2008-09 global financial crisis for Latin America. A combination of weaker external demand, falling commodity prices and tighter... 21st August 2012 · 1 min read
Asia Economics Update ASEAN outperformance set to continue Thanks mainly to strong domestic demand, economic growth in ASEAN has held up much better than in the rest of Asia so far this year. Although weaker exports will weigh on demand in the coming quarters... 21st August 2012 · 1 min read
Japan Chart Pack Recovery starting to unravel Japan’s economy slowed sharply in the second quarter after strong growth in the first. The monthly activity data suggest that the recovery came to a halt towards the end of Q2, while forward-looking... 21st August 2012 · 1 min read
UK Housing Market Update Stimulating house building – no quick fixes The current subdued level of house building is primarily the result of a lack of demand. So if the rumours are right, and new policies to stimulate a sharp rise in house building are announced soon... 21st August 2012 · 1 min read
UK Data Response Public finances (Jul.) July’s public finance figures brought no end to the underlying deterioration in the fiscal position evident since the beginning of the financial year. 21st August 2012 · 1 min read
China Chart Pack Property market rebound tests policymakers Market sentiment about China’s property policy has executed an abrupt U-turn. Early this year, speculation was mounting that the government would loosen its controls on the sector in response to the... 21st August 2012 · 1 min read
US Economics Update Monetary Indicators Monitor (Jul.) The annual growth rates of the narrower M1 and M2 monetary aggregates have slowed a little, but our own measure of M3, the broadest aggregate, is still growing at an annual rate of 4.5%. 20th August 2012 · 1 min read
Commodities Update Fall in ethanol demand to relieve tightness in US corn The near-term prospects for US corn prices depend on an improvement in the weather. However, corn prices could also be dragged lower by a reduction in demand for biofuels – due both to a renewed... 20th August 2012 · 1 min read
Latin America Economics Update Chile will struggle to maintain current pace of growth Chile’s economy surpassed expectations in the first half of this year but a period of slower growth now beckons. We think that weaker domestic demand will reduce the pace of GDP growth to a below... 20th August 2012 · 1 min read
Asia Economics Update Thailand’s post-flood rebound to give way to subdued trend Today’s Q2 GDP figures from Thailand were better than the consensus had expected. Nonetheless, we still think that growth will be sluggish over the next few quarters and that the Bank of Thailand (BoT... 20th August 2012 · 1 min read
Emerging Europe Economics Update Russian slowdown starting to spread beyond industry July’s activity data, released earlier today, suggest that the Russian economy slowed further at the start of Q3 and may now be growing at around 3% y/y – down from rates of close to 5% in the first... 20th August 2012 · 1 min read
