- In one line: On hold, as uncertainty lingers.
Andrés Abadía (Chief LatAm Economist)Global
Clear signs of an underlying consumer slowdown.
Samuel TombsUS
In one line: Still averaged higher in Q1 than Q4.
Melanie Debono (Senior Eurozone Economist)Eurozone
In one line: EZ inflation expectations hold steady; further increases in German unemployment are on the way.
Melanie Debono (Senior Eurozone Economist)Eurozone
In one line: Inflation in France and Spain came in below expectations; another setback in French spending.
Melanie Debono (Senior Eurozone Economist)Eurozone
- In one line: Growth recovered in Q4 as Budget uncertainty passed but President Trump’s tariff hammer hangs over the outlook.
Rob Wood (Chief UK Economist)UK
- In one line: The trade balance will remain weak as energy prices remain high and uncertainty prevails.
Rob Wood (Chief UK Economist)UK
- In one line:Retail sales continue their post-Budget rebound and will drive a growth recovery in Q1
Rob Wood (Chief UK Economist)UK
Tokyo inflation picks up, but the BoJ's immediate focus will be on US auto tariffs
Duncan WrigleyChina+
Tokyo inflation picks up, but the BoJ's immediate focus will be on US auto tariffs
Duncan WrigleyChina+
In one line: Election result does little to lift household sentiment.
Claus Vistesen (Chief Eurozone Economist)Eurozone
Philippine trade takes a breather after a fast start to 2025
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- Banxico extends easing with another 50bp cut, citing disinflation and weakening economic activity.
- Policymakers are likely to maintain their pace near term, before gradually shifting to smaller rate cuts.
- US auto tariffs threaten Mexico’s exports, manufacturing supply chains and capex outlook.
Andrés Abadía (Chief LatAm Economist)Latin America
- Don’t pay too much heed to the panic over the IDR; the current account fundamentals are sound…
- …Plus, the bad fiscal start could just be a blip and foreign investor s are steadily returning to the fray.
- The big misses in Philippine trade data for February, particularly in imports, aren’t as bad as they seem.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- French and Spanish inflation came in weaker than expected in March, and German joblessness rose...
- ...But consumer inflation expectations and selling price expectations are up and money supply firmed.
- The April decision by the ECB is now finely poised; a dovish March HICP could swing it for the doves.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- UK consumers are finding their feet, and likely boosted Q1 GDP growth to 0.3% quarter-to-quarter.
- Stubborn inflation pressures will keep the MPC to only two more rate cuts this year.
- But President Trump’s ‘Liberation Day’ hangs over the outlook, posing major risks to growth and inflation.
Rob Wood (Chief UK Economist)UK