ING Economic and Financial Analysis

Consumption and construction saved the economy from a technical recession in the third quarter. The second estimate of 3Q GDP growth confirmed that the German economy had indeed avoided a technical...

While worries about a potential US recession have eased, we think it might be too early to declare victory just yet - this week should show subdued small business optimism and manufacturing. On the UK...

Three interest rate cuts and easing trade tensions have calmed fears about a potential US recession, but we think the market's reaction is excessive. With the economy decelerating and politics likely...

While the US-China trade dispute is unlikely to be fully resolved next year, 5G infrastructure and services will be a new growth engine for China's economy in 2020Risks and opportunities in 2020 In...

China's exports seem to be stabilising, with electronic exports bottoming out. Imports, particularly soybeans and LNG, continued to fall substantially. This is probably a tactic in the trade...

The unexpected rebound in exports means that Germany might have avoided a technical recession at the very last minuteSigns of life German exports rebounded in September, increasing by 1.5%...

While the Eurozone economy grew slightly faster than expected in the third quarter, its largest economy is still in recession risk. This week’s data releases suggest that domestic demand has...

Hong Kong has, not surprisingly, entered a technical recession. We can blame the US-China trade war and the ongoing demonstrations. With no end to the protests, the economy's future remains...

The Ifo index stabilises after last month's first increase in a year, bringing some relief to Germany's economic toxic mixFirst signs of a bottom? The just-released Ifo index gives hope that the...

Taiwan's industrial production is contracting despite the better than expected smartphone sales. We think even smartphones can't really do very much for the economyTaiwan's industrial production...

Analysts are split on whether the Fed will cut rates for the third consecutive FOMC meeting, but we are of the view the Fed will ease again. A decelerating economy and falling inflation expectations...

Taiwan continues to suffer from the yearly contraction in export orders even though smartphone sales have been better than expectedTaiwan export orders contracted by 4.9% year on year in September...

China made no changes to its benchmark rate, surprising many. Questions are being asked as to whether it will end the Reserve Requirement Ratio cut cycle in 4Q19China skipped interest rate cut The...

Whether it’s Mario Draghi’s big farewell or the ongoing Brexit rollercoaster, the final pre-Fed data out of the US or Scandi central banks, there’s plenty to look out for in the...

China's economy grew at the target rate of 6% in the third quarter, and despite uncertainty over the trade war, we are raising our forecast for fourth quarter growthThe perfect 6 GDP grew by 6% in the...