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Loose New Zealand monetary policy may overheat housing

Location:

NEW ZEALAND

New Zealand registered 3.6% year-on-year real GDP growth in the second quarter of 2016, one of the highest among developed economies. This reflects strong domestic and trading…

Earthquakes may dent but not halt Turkish tourism boom

Location:

TURKEY

Turkey’s tourism sector, which is an important source of foreign exchange, economic activity and employment, could have a record year in 2023. Foreign visitor arrivals could grow…

Record UK external deficit will cut long-run GDP

Location:

UNITED KINGDOM

The current account deficit has been funded easily in recent decades as borrowing costs, and economic and political stresses, were low. It has surged past 5% of GDP this year…

Hungary will struggle to avert speculative attack

Location:

HUNGARY

The attempt to bolster the forint with a hefty rate rise shows a severe loss of confidence in Hungary’s economy. The highest inflation rate since 1996, the energy shock from the…

SNB move will accentuate bond-equity divergence

Location:

INTERNATIONAL

The move mainly aims to pre-empt the widely anticipated launch of a sovereign quantitative easing (QE) programme by the ECB on January 22. However, it will accentuate divergences…

Turkish markets will suffer fallout from failed coup

Location:

TURKEY

S&P is concerned that the political fallout from the failed July 15-16 military coup will make it more difficult for the country to meet its large external financing requirements…

Markets will be wary of Hungary despite rate rise

Location:

EASTERN EUROPE

Although the MNB has struck a more hawkish tone and has raised rates more sharply than expected -- the latest increase is the largest since 2008 -- it has a track record of…

Reflation trade benefits Central Europe’s currencies

Location:

CENTRAL EUROPE

The outlook for the koruna, forint, zloty and leu.

Latin America's multilatinas face slower future growth

Location:

LATIN AMERICA

The outlook for multilatinas.

Sisi seeks Egyptian economic takeoff in his next term

Location:

EGYPT

Preliminary results suggest that President Abdel Fattah el-Sisi has won re-election with 91% of the vote. Western media and diplomats estimate turnout hovered around 20%, though…