UK Data Response CBI Distributive Trades Survey (May) May’s CBI Distributive Trades Survey suggested that demand on the high street has picked up quite strongly in May, perhaps reflecting a rebound from April’s disappointing, weather driven, results... 29th May 2012 · 1 min read
Japan Economics Update Recovery already losing momentum Japan’s rapid recovery in Q1 already appears to be losing momentum. The unemployment rate has risen again and retail spending fell for a second consecutive month in April. However, government... 29th May 2012 · 1 min read
Middle East & North Africa Chart Pack Egypt’s elections add to vulnerabilities Early results from the first round of Egypt’s presidential election appear to have polarised society, pitting Islamists against secularists, and revolutionaries against the old guard. The outcome... 28th May 2012 · 1 min read
Europe Economics Update Problems mount for the next Greek Government Markets have reacted positively to some signs of growing support for the pro-bail-out parties amongst Greek voters. But the formation of a government headed by New Democracy is unlikely to end deposit... 28th May 2012 · 1 min read
Latin America Economics Update Peru’s economy warming up, not yet overheating A strong recovery in investment spending has helped to boost Peru’s economy so far this year. Despite concerns from some quarters about the pace of domestic demand growth, we think that the threat of... 28th May 2012 · 1 min read
Middle East & North Africa Economics Update Egypt: political uncertainty set to push economy to the brink The results of the 1st round of presidential elections in Egypt could prolong the political uncertainty that has gripped the country since the revolution, which will increase the near-term risk of a... 28th May 2012 · 1 min read
Emerging Europe Economics Update The economic impact of Euro 2012 The Euro 2012 Football Championships, which are due to start next month in Ukraine and Poland, are an exception to the general rule that major sporting tournaments do not tend to have a significant... 28th May 2012 · 1 min read
Canada Economics Weekly Canadian dollar's bark worse than bite The rapid appreciation of the Canadian dollar since 2003 has certainly added to the challenges confronting the manufacturing sector. Much more important to this sector's struggle, however, has been... 28th May 2012 · 1 min read
US Economics Weekly The sizeable fiscal cliff We are still assuming that Congress will agree to extend the bulk of the tax cuts due to expire at the end of the year and to postpone most of the automatic spending cuts set to take place early next... 28th May 2012 · 1 min read
Asia Economics Weekly How much scope does Asia have to cut interest rates? We continue to expect central banks in Asia to cut their policy rates this year by more than the consensus anticipates. Vietnam is likely to cut most aggressively, as both growth and inflation there... 28th May 2012 · 1 min read
Japan Economics Weekly The fire on the other side of the river Japan’s policymakers have said that the euro-zone crisis is not a fire on the other side of the river – the implication being that Japan will not be able to escape indefinitely the debt problems that... 28th May 2012 · 1 min read
UK Economics Weekly Too early to declare victory over core inflation Last week’s figures brought some relief on the inflation front, with core inflation dropping from 2.5% to 2.1%. We would not declare victory over inflation just yet. Nonetheless, with pay growth so... 28th May 2012 · 1 min read
Europe Economics Weekly Growth plans look futile as German activity falls European policymakers focused again last week on the need for growth in the region, with Wednesday’s informal EU summit ending in pledges to speed up structural reforms, strengthen job creation and... 28th May 2012 · 1 min read
Latin America Economics Update Checking up on our equity market forecasts Our previous analysis, suggesting that Brazilian and Argentine equities would be most vulnerable to a general spike in risk aversion, has been borne out in the recent sell-off. Mexican markets, on the... 25th May 2012 · 1 min read
