Brazil's economic contraction bottoming out
Dec 21, 2015 22:09 pm UTC| Commentary Economy
Although the recession deepened further in Q3, with real GDP falling by 6.18% compared with 4.47% in Q2, leading indicators suggest that the downturn is bottoming out in Q4: Business confidence improved in November albeit...
India continues to be the main positive story within the emerging market universe
Dec 21, 2015 21:54 pm UTC| Commentary Economy
Indias GDP growth has averaged 7.3% in 2015 (higher than Chinese growth around 7%) and industrial production rose 10% y/y in October. India continues to be well positioned for robust growth in 2016 and 2017. (1) It is...
Clouds over Spain just got darker
Dec 21, 2015 16:42 pm UTC| Politics Economy
While Spains ruling PP is set to remain the largest party, it saw its support declined compared to the 2011 vote. The results do not leave a positive picture for government formation options. After tough negotiations and...
Swedish economy steams ahead to overheat
Dec 21, 2015 15:19 pm UTC| Commentary Economy
As anticipated, the National Institute of Economic Research (NIER) revised up its GDP forecast substantially. NIER sees GDP growth at around 3.5% for 2015 and 2016, while growth will slow somewhat to 2.7% 2017. As a...
Brazil current account improvement likely to continue
Dec 21, 2015 09:39 am UTC| Commentary Economy
Brazils current current account balance was at 4166 mn dollars, the improvement is expected to continue by market consensus expectations. On our forecast of -$3,125m for November, we estimate that the YTD current...
Brazilian asset sell-offs to continue over finance minister change
Dec 21, 2015 09:04 am UTC| Commentary Economy
Market seems to be strongly disapproving governments decision on Friday to replace its well respected finance minister Joaquim Levy with President Dilma Rouseffs closer aide Nelson Barbosa. President facing probe and...
New Zealand net immigration sets another record in November
Dec 20, 2015 22:52 pm UTC| Commentary Economy
New Zealands net immigration rose further in November, having topped a net 6,000 people for the first time in October. The acceleration in the last two months from already-high levels has largely been driven by a drop-off...