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Global Strategy

The ECB has embarked on additional monetary easing at the September meeting, earlier than we had expected. The ECB's almost knee-jerk reaction to the longstanding deterioration in headline inflation...

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Budget Shortfall To Remain Wide In 2015

High inflation and political considerations in advance of the October 2015 presidential election will see Argentine public expenditures tick up as a percentage of GDP in the coming quarters. At the...

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Outlook Remains Highly Positive

Qatar's economic prospects remain the most positive in the region. We forecast real GDP growth of 5.7% for 2014, accelerating to 6.6% in 2015 as the new Barzan gas development comes on-stream. The...

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