The IMF maintained its global growth outlook for 2022 unchanged in its October WEO, forecasting a 4.9% increase in real GDP. However, there were some changes beneath the surface. The real GDP projection for Advanced Economies…
Political and geopolitical forces are joining domestic economic policy in damaging the outlook for the Turkish lira. On Saturday, President Recep Tayyip Erdogan risked inflaming tensions with the West by ordering that 10…
At a CNN town hall on Thursday President Biden stated that the US is committed to defending Taiwan[1] if China tried to attack it. The White House later clarified that there was no change in US policy towards Taiwan. Although the…
Dear client, In addition to this week’s brief report, we presented at our annual BCA conference on the challenges to the US dollar’s reserve status. If you missed the session, please contact your account representative for a…
Chilean assets are set to endure a period of turbulence over the next few months. The rising odds of the victory of popular left-wing presidential candidate Gabriel Boric will continue to alarm markets and place upward pressure…
The Central Bank of Russia (CBR) is expected to raise its policy rate by another 50 bps at its Friday meeting, bringing the cumulative rates hikes since the beginning of the year to 250 bps. Given that headline and core consumer…
Chinese new home prices fell on a month-on-month basis in September for the first time since April 2015. Prices of newly built homes in 70 Chinese cities declined 0.1% m/m on the back of a 0.2% m/m drop in third-tier cities.…
Bangladesh’s foreign reserves has surged to a new high. This has boosted both the economy and stock prices. Indeed, a new business cycle appears to be unfolding in the country. Domestic demand has picked up. Manufacturing…
The growth rate of Singapore’s non-oil domestic exports accelerated in September to a 12.3% annual rate. Meanwhile, exports of electronics decelerated from August’s 16.7% y/y to a still-robust 14.4% y/y pace. The electronics…