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Low savings limit Japanese spending and GDP growth

Location:

JAPAN

The economy slowed sharply in the second half of 2023. Consumption is lower than a decade ago, as a consequence of population ageing and insufficient savings, which reflects a…

US consumption may start to pick up

Location:

UNITED STATES

One of the conundrums of the US economy that will influence the Federal Reserve's timing of an interest rate rise (currently projected for September) is where the savings from low…

Crisis spurs Cuban monetary reform

Location:

CUBA

This step is essential to advancing the country’s economic reform agenda, but it promises to be tricky, putting pressure on inefficient state companies, threatening savings and…

The path of US inequality rests on political progress

Location:

UNITED STATES

Burgeoning international trade and skill-biased technological change has raised the fortunes of university graduates while lowering the prospects of those with less education…

Large US household balance sheets pose macro risks

Location:

UNITED STATES

An examination of the factors behind the expansion indicates that outsized balance sheets will persist and will pose a number of macroeconomic risks.

US financial flows are as important to growth as trade

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INTERNATIONAL

Exploring the US current account beyond goods trade.

ECB and Fed to delay rate cuts to sustain disinflation

Location:

EU/US

Disinflation is underway on both sides of the North Atlantic, but it is not yet deeply entrenched, giving both central banks a reason to delay cuts. The ECB must contend with…

Higher income and risks together tests bank regulators

Location:

INTERNATIONAL

The failures of First Republic, Credit Suisse, Signature Bank and Silicon Valley Bank (SVB) have put bank asset prices and deposits under pressure despite rising bank profits…

Central Europe may cut rates despite high inflation

Location:

EASTERN EUROPE

Lower wholesale natural gas prices have improved balance-of-payments and fiscal positions and driven down inflation rates in Central Europe (CE). Financial markets are pricing in…

China may use capital controls to stop renminbi fall

Location:

CHINA

Since its peak at 6.29 to the dollar in April, the renminbi has undergone it is the sharpest sustained fall in its history. China downplays the fall, describing it as normal…