- In one line: Still-robust export growth is driving the trade surplus to its highest in years.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: Recovering to a four-month high, with some help from base effects.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: A less-dovish cut, but expect at least one more before the end of 2025.
Miguel Chanco (Chief EM Asia Economist)Global
In one line: BoK stays put amid US pressure not to weaken currency
Duncan WrigleyGlobal
- US - We think a September easing will be the first of many
- EUROZONE - Germany is balancing on the edge of recession and recovery
- UK - Week in review: August rate cut looks increasingly like a mistake
- CHINA+ - Japan’s inflation elevated, with no easy cure for rice-price headache
- EM ASIA - BI’s urgency to cut faster since July in context; expect at least one more
- LATAM - Our LATAM team is on leave this week, publication will resume on Sep 2nd
ian shepherdson (Chief Economist, Chairman and Founder)Global
In one line: Resilient to the latest rise in US tariffs, despite hit to foreign orders.
Melanie Debono (Senior Eurozone Economist)Global
In one line: Only little signs of a hit from higher US tariffs.
Melanie Debono (Senior Eurozone Economist)Global
- In one line: Acting now, while the space to do so comfortably remains available.
Miguel Chanco (Chief EM Asia Economist)Global
In one line: Inflation will rise to year-end, but there’s still chance of an ECB rate cut in September.
Melanie Debono (Senior Eurozone Economist)Global
- US - Consumption growth is stabilizing, at a sluggish pace
- EUROZONE - EZ goods trade surplus nears zero as US exports continue to slide
- UK - Stabilising jobs and strong wage gains limit the MPC’s room to cut
- CHINA+ - China’s domestic demand swoons in the scorching summer heat
- EM ASIA - A fairly decent Q2, but Thai GDP growth will now slow more sharply
- LATAM - Banxico slows pace of easing as core inflation pressures persist
ian shepherdson (Chief Economist, Chairman and Founder)Global
In one line: BoJ stands pat today, nudges up its inflation forecast; Ueda dovish at presser
Kelvin Lam (Senior China+ Economist)Global
In one line: China PMI signals weakening manufacturing momentum at the start of H2; policy support likely ahead
Kelvin Lam (Senior China+ Economist)Global
In one line: China keeps LPR unchanged, further easing expected in the second half of 2025
Kelvin Lam (Senior China+ Economist)Global
In one line: Korea’s early export data remains sturdy on WDA basis amid US trade uncertainty
Kelvin Lam (Senior China+ Economist)Global
- In one line: Inflation eases as demand cools.
Andrés Abadía (Chief LatAm Economist)Global
- US - Pass-through from the tariffs slows, but is not complete yet
- EUROZONE - What can a New Keynesian Phillips curve say about EZ inflation?
- UK - The MPC are cautious, we expect no more rate cuts this year
- CHINA+ - Chinese exporters less willing to absorb higher tariffs in their margin
- EM ASIA - Philippines’ market-beating Q2 GDP doesn’t stand up to scrutiny
- LATAM - Banxico slows pace of easing as core inflation pressures persist
ian shepherdson (Chief Economist, Chairman and Founder)Global
