India’s GDP growth could exceed 7% in coming years

Mar 19, 2015 06:51 am UTC| Commentary

India is well placed for a cyclical recovery in 2015 and 2016 as (1) it is benefiting substantially from the lower oil price, (2) improving external and domestic balances have left room to ease both fiscal and monetary...

Brazil to contract in 2015

Mar 19, 2015 06:48 am UTC| Commentary

Growth in Brazil has slowed markedly as the commodity boom has faded and weakened the outlook for investment demand from the commodity-dependent industries.The lower crude oil price is on balance only slightly negative for...

S.Africa to grow at 2.1% yy this year

Mar 19, 2015 06:46 am UTC| Commentary

The South African economy remains weak, with prolonged strikes having had a very negative impact on both private consumption and investments.Indeed, estimates from the South African Reserve Bank (SARB) state that the...

Turkey to expand by 3.2% y/y in 2015

Mar 19, 2015 06:42 am UTC| Commentary

The Turkish economy has been showing clear signs of slowing over the past couple of years but falling energy prices and the decelerating CPI are yielding better prospects for 2015-16.Industrial production surprisingly fell...

Russian FX & Monetary Policy Outlook

Mar 19, 2015 06:40 am UTC| Commentary

On 13 March, the CBR cut its key rate to 14% p.a., from 15%, as consensus expected, while the market had priced an approximate 150bp cut.The main reason given by the central bank for the cut was that the balance of risks...

Russian economy to shrink by 7.9% this year

Mar 19, 2015 06:36 am UTC| Commentary

Economic growth in Russia slowed down to 0.8% y/y in 2014, from 1.3% in 2013, according to the new preliminary data.Unemployment remains low, climbing to 5.5% in January 2015, from 5.3% a monthearlier.Danske Bank notes its...

Hungary's Monetary Policy Outlook

Mar 19, 2015 06:33 am UTC| Commentary

The Hungarian central bank (MNB) has been cutting interest rates in small steps. This has been justified as there is actually deflation now in Hungary (despite higher growth) and there is certainly a risk of further...