Though the MPC raised Bank Rate for the third successive meeting, March's minutes revealed a clear change in tone. Growing concerns about the...
United Kingdom | The supply shock continues
Posted by Andrew Goodwin on Mar 11, 2022
The last week has delivered little let-up in the energy price-driven supply shock to the UK economy triggered by Russia's invasion of Ukraine....
South Korea | Victory for Yoon signals domestic and foreign policy shifts
Posted by Lloyd Chan on Mar 11, 2022
Yoon Suk-yeol of the conservative People Power Party was elected as South Korea’s new president on March 9 in a closely contested presidential race....
United Kingdom | While March rate hike remains on table, tone to be cautious
Posted by Andrew Goodwin on Mar 10, 2022
Surging energy prices have complicated the MPC's March policy decision. On balance, we still think the committee will raise Bank Rate to 0.75%, but a...
United Kingdom | Rising uncertainty set to limit scale of rate hikes
Posted by Andrew Goodwin on Mar 4, 2022
The week’s data showed further evidence of a decent bounce back in activity after the initial emergence of Omicron, and that inflationary pressures...
United Kingdom | Housing market to cool after 2021 boom
Posted by Andrew Goodwin on Mar 2, 2022
We expect the UK housing market to remain stuck in a state of high prices-low transactions. Though price growth should cool, a soft landing is more...
US Metros Outlook | Spending profiles will continue to evolve across US metros
Posted by Aedan McCotter on Mar 1, 2022
US consumer fundamentals remain strong despite some near-term headwinds, and we expect private consumption to be a key driver of growth over the...
United Kingdom | Russian invasion dents near-term growth outlook
Posted by Andrew Goodwin on Feb 28, 2022
The main impact on the UK economy of Russia’s invasion of Ukraine is likely to be energy prices staying higher for longer. The UK’s energy price cap...
Turkey | Outlook sours after Russia invades Ukraine
Posted by Maya Senussi on Feb 25, 2022
Turkey will take a hit from the Russian invasion of Ukraine through three main channels – tourism, energy prices and financial market disruption –...
APAC Cities | Capital move not likely to threaten Jakarta’s economic importance
Posted by Scott McEwan on Feb 23, 2022
The Indonesian government has ambitions to move the country’s capital away from Jakarta to an as-yet unbuilt city over 1,000km away on the island of...