S&P says NZ budget will have no impact on ratings, outlook

May 21, 2015 02:34 am UTC| Commentary

Standard Poors comments after the New Zealand budget: While the budget contains some write-downs to revenue growth over the four years to June 2019 - due mainly to a weaker outlook for inflation and wages growth--the...

How can the UK improve its export performance to EM?

May 21, 2015 02:33 am UTC| Commentary

Analysis of trade and GDP data suggests that two main factors explain which countries trade with the UK: geographical distance and GDP per capita. The UK exports relatively more to Gulf countries such as the United Arab...

Bank of Japan likely to remain on hold on 21-22 May

May 20, 2015 21:54 pm UTC| Commentary

The Bank of Japan (BoJ) will hold its monetary policy meeting on 21-22 May and announce its monetary policy decision on 22 May.The BoJ is expected to remain on hold, keeping the size of annual asset purchases unchanged at...

Brazil – A bumpy road for fiscal adjustment, but in the right direction

May 20, 2015 21:37 pm UTC| Commentary

Despite political noise, Brazils fiscal accounts are set to improve. The political debate surrounding measures to cut spending has intensified. Last week the lower house passed a watered-down version of a proposal to...

German IFO index likely to maintain its upward trend

May 20, 2015 21:29 pm UTC| Commentary

The German IFO business climate index is expected to increase to 109.0 in May from 108.6 in April, which was a 10-month high. The index has been on a clear upward trend since it reached a trough in October 2014.Lower oil...

Malaysia GST to boost full-year inflation

May 20, 2015 21:22 pm UTC| Commentary

Malaysia will announce April inflation on 22 May. Headline CPI is expected to have risen by 2.1% y/y, versus 0.7% y/y in Q1.The acceleration in inflation is largely due to the implementation of the 6% goods and services...

UK’s export market share to EM is below its peers’

May 20, 2015 21:09 pm UTC| Commentary

The UK trails its European peers in exporting to emerging markets. Just 20% of UK goods exports go to emerging markets, compared to around 27% for the big European countries. Increasing such exports is a key step towards...