Weekly coverage of fixed income, FX, interest rates, commodities, equities and funds across emerging markets
We have revised our price forecasts lower due to above-expected European production in 2017/18 and now anticipate that prices in 2017 will average around 2016 levels. Beyond 2017, prices will peak in 2018 as global market surpluses decline, before averaging slightly lower in the longer term as market surpluses expand slightly.
The Czech National Bank (CNB) will continue its tightening cycle in 2018, after it scrapped its exchange rate floor in April and raised rates in August. The Czech labour market is extremely tight...
Oil production cuts will weigh on real GDP growth in Abu Dhabi in 2017, albeit offset somewhat by strong investment into new industries. In 2018, positive oil production growth and ongoing diversif...
Angola's governing MPLA is on course to retain its majority in the August 23 legislative election, a vote that is set to also usher in the country's first new president in over 37 years as Jose...
Ghana's current account deficit will narrow over the coming years due to significant increases in exports of hydrocarbons and tepid growth in imports. The narrowing current account surplus alongsid...
Economic growth will slow in Bahrain over the coming quarters as fiscal consolidation measures negatively impact investment and consumption. The infrastructure sector will remain a key driver of...
Economic activity in Guatemala will decelerate in 2017 as corruption allegations undermine business confidence and halt infrastructure projects. However, robust remittance inflows will underpin...
The Banco Central de la Rep?blica Argentina will resume a rate cutting cycle by end-2017, as disinflation takes hold. Although inflation will end 2017 above the bank's target, price growth will...
Russian real GDP growth accelerated to 2.5% y-o-y in Q217 according to preliminary estimates from the Federal Statistics Office, beating consensus expectations of 1.7%.
Venezuela's inflation will remain by far the highest in the world over the remainder of the year, driven by massive money supply growth and a deterioration in the value of the bol?var. We expect...