BCA Research’s Emerging Markets Strategy service concludes that the Czech koruna will outperform the Hungarian forint. Conditions for central bank rate hike cycles are in place in Hungary and the Czech Republic. Yet…
Services PMIs for May confirmed the message from the global manufacturing sector earlier this week that the global recovery is accelerating. The Global Services PMI jumped to 59.4 from 57.0 in April. Improvement in both the…
Data from the US Transportation Security Administration (TSA) suggests that US economic activity is normalizing rapidly. The number of travelers screened at TSA checkpoints in US airports continues to make fresh pandemic highs…
Highlights Domestic and foreign supply-side constraints are now exerting a significant effect on the US economy. Consumer prices may increase at a faster pace than we initially expected over the coming 3-4 months, but supply-side…
Highlights A first Fed funds rate hike by early 2023 is cloud cuckoo land – because it will take years to meet the Fed’s pre-condition of full employment. More likely, the first rate hike will happen after mid-2024, and…
Highlights The Seventh National Population Census highlights the seriousness of China’s demographic deterioration; apart from a shrinking working-age population, the nation’s fertility and birth rates have dropped…
Highlights Inflation is on everyone’s mind, … : Inflation has been a hot topic in our meetings with clients and in internal BCA discussions, but it has lately broken out among businesses and the general public. ……