Search results

Prospects for the global economy to end-2021

Location:

PROSPECTS H2 2021

However, supply is struggling to keep pace with demand, and dislocation effects plus shortages of some critical goods and workers are raising prices. GDP growth forecasts for 2021…

Slowdown may induce Czech loosening despite inflation

Location:

CZECH REPUBLIC

Domestic inflationary pressures have intensified, with headline inflation significantly above the CNB’s 2% target. However, the sharp deterioration in the external environment…

Panama’s economy is poised for dramatic rebound

Location:

PANAMA

Mining and quarrying activities (728%), construction (489%), hotels and restaurants (92%), transport and communications (29.8%) and trade (23.9%) were the main drivers of growth…

Euro-area COVID-19 recovery could be L-shaped

Location:

EU

Euro-area outlook.

Emerging Asia activity will slow despite China rebound

Location:

INTERNATIONAL

ASEAN's growth is nevertheless expected to outpace global growth, of which China and India are expected to contribute more than 50% -- India about 15% and China around 35%.

Risks are high despite Turkey’s policy 'normalisation'

Location:

TURKEY

With the lira at a record low, the Central Bank continued to tighten monetary policy this week, funding the market through competitive one-month repo tenders at rates of around…

Policy will cut the risk of booming house prices

Location:

INTERNATIONAL

The government in New Zealand, where the market is particularly buoyant, was the first to react in February. It now requires the Reserve Bank to consider house prices when setting…

Turkish go-it-alone policy raises currency crunch risk

Location:

TURKEY

It has fallen from about 6.50 at end-March and 5.95 at end-2019. There is speculation about a possible balance of payments crisis due to the COVID-19 pandemic, economic…

Turkey’s illiberal economic model will extend further

Location:

TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

US Fed faces long-term COVID-19 challenges

Location:

UNITED STATES

In responding to COVID-19, the Fed, working with the Treasury, is making massive fiscal interventions. Congress has also appropriated 3 trillion dollars in aid so far.