Our Watchlist 2022 looks at developments that could potentially become the main African themes of next year. We look at the potential of a unilateral...
Japan | Transforming from a goods to a capital exporter
Posted by Norihiro Yamaguchi on Nov 30, 2021
Japan has been a country with a persistent current account surplus since the 1980s. By breaking down the current account balance, though, we can see...
Africa | Pandemic-era debt: short-term outlook and implications
Posted by Irmgard Erasmus on Oct 14, 2021
Necessity and opportunity allowed African issuers to expand their public debt positions markedly since the Covid-19 pandemic hit. The sharp...
US | Jackson Hole memo: Don't fear the taper
Posted by Javier Corominas on Sep 3, 2021
Powell’s speech did not materially alter the outlook for Fed policy, but it did clarify the distinction between the timing of tapering and rates...
Africa | Mapping the continent's consumer spending landscape
Posted by Jacques Nel on Mar 30, 2021
The total Cairenes consumer spending is estimated at $79.2bn in 2020, with Cairo also being one of the few cities that managed to record an increase...
US | Bond investors waiting for Fed help are waiting for Godot
Posted by Gregory Daco on Mar 24, 2021
The sharp rise in long-term Treasury bond yields has led to widespreadspeculation that the Federal Reserve will intervene to tamp down long-term...
Asia Pacific | Singapore and Hong Kong can co-exist
Posted by Sung Eun Jung on Dec 15, 2020
Following the recent turbulent political and economic developments in Hong Kong, we expect Singapore to focus on strengthening its specialty areas...
Treasury steepeners and the risks | Global
Posted by Gaurav Saroliya on Oct 28, 2020
The bear-steepening of the US yield curve has accelerated with growing hopes of a blue wave in the US. A political disappointment is a single biggest...