Emerging Market Crisis Series

Emerging Market Crisis Series

Brazil’s current account deficit narrows in January, posts trade balance surplus on nominal contraction of exports

Feb 24, 2016 06:32 am UTC| Commentary

Brazil recorded below expected current account deficit of $4.8bn in January, as compared with the deficit of $12.2bn in January 2014 and $13.2bn in January 2013. The nation posted a small surplus of $0.6bn in trade...

Emerging Market Crisis Series

Weak tone in Mexico retails sales suggests weaker than expected GDP proxy for December

Feb 23, 2016 15:55 pm UTC| Commentary

Mexicos retail sales ended the year on a weak tone. Data released yesterday showed that retail sales fell 1.4% m/m sa in December. The contraction was driven by a decline in sales of domestic equipment, paper and...

Emerging Market Crisis Series

Mexico’s inflation acceleration likely to continue through Q3 2016

Feb 23, 2016 09:13 am UTC| Commentary

In January 2015, Mexicos inflation decelerated by almost 1% from its end-2014 levels due to the weakness in consumer prices - mainly due to the impact of lower energy, telecoms, and other housing segment prices. This...

Emerging Market Crisis Series

Inflation in Brazil likely to moderate slightly in mid-February, food inflation likely to be major challenge in 2016

Feb 22, 2016 06:32 am UTC| Commentary

Brazils inflation in January was more than expectations at 10.71% y/y, as compared with Decembers 10.67% y/y, disproving the long-held opinion that inflation will moderate in 2016 with just the help of base effect. Indeed,...

Emerging Market Crisis Series

Russian economic momentum likely to rebound on improved growth indicators

Feb 19, 2016 05:32 am UTC| Commentary

Russias growth indicators for January indicate towards a rebound in its economic momentum. A rebound was recorded in real wages, retail sales and industrial production for January. Moreover, jobless rate remained unchanged...

Emerging Market Crisis Series

India’s WPI inflation decelerates in January on drop in food inflation, likely to turn positive in Q1

Feb 15, 2016 08:59 am UTC| Commentary Economy

Indias wholesale price inflation surprisingly decelerated in January; however, it might turn positive in Q1. WPI inflation dropped to -0.9% y/y in January from -0.7% y/y in December, as compared with Bloombergs median...

Emerging Market Crisis Series

2016 - another year of economic contraction in Brazil

Feb 12, 2016 16:45 pm UTC| Commentary Economy

The current recession in Brazil is now the longest since the 1930s and the situation still remains extremely challenging. The Brazilian economy illustrates signs of cyclical and structural weakness. GDP outlook for 2016 is...