ING Economic and Financial Analysis

Brexit still a hot topic as 'Plan B' will be delivered to UK parliament on Monday, but don't expect things to fire up in the US as the government shutdown is set to continue. Norges Bank meets on...

We see oil prices trending higher in 2019, with the view that OPEC+ cuts are sufficient to return the market to balance over 1H19. Meanwhile, the current price environment offers little incentive to...

Theresa May’s government faces a battle for survival on Wednesday, although all signs point a no-confidence vote failing to gain enough support amongst MPs. That would switch focus back to the...

The German economy had its weakest performance in five years, but it seems to have avoided a technical recession.A Weak PerformanceThe German economy had its weakest performance in five years in 2018,...

The German economy had its weakest performance in five years but seems to have avoided a technical recessionA weak performanceThe German economy had its weakest performance in five years in 2018,...

The undervalued pound still has a bumpy ride before its eventual recovery. We look at various Brexit scenarios and sterling's possible reaction. Reasons behind an Article 50 extension matter dearly...

China's exports and imports contracted in December 2018. This is likely to continue into 2019 due to falling foreign demand, including demand for Chinese-made electronic products.Shrinking exports and...

US headline inflation was depressed by the plunge in energy prices, but we should be focusing on the core rate, which will be pushed higher by rising labour costs in the months aheadGoods versus...

Multiple Fed speakers next week will likely signal a pause in the tightening cycle while remaining upbeat about the economic outlook. To fire things up, we also have a heavy political week in both the...

China's PPI inflation was down to 0.9%YoY in December from 2.7%YoY previously. Apart from low energy prices, we find that some manufacturing sectors also exhibited very low PPI inflation, including...

After this week’s disappointing industrial data, latest trade data just did little to ease fears of a stagnating economy.The former growth engine of the German economy continues to lose...

Disappointing November production data gives rise to fears of a technical recessionIndustrial production fell by 1.9% month-on-month in November, the sharpest drop since the summer of 2015. To make...

While the Bank of England will welcome another great month for UK wage growth, concerns surrounding Brexit will dominate the economic outlook over the winter. The chances of a second-quarter rate hike...

A small rebound in exports illustrates that not all is doom and gloom in the German economy. However, the rebound is too small for us to become overly optimistic right now.The traditional German...

Another week in developed markets that will be dominated by Brexit as PM May's deal is voted on in parliament on Tuesday. The ECB meets next Thursday too - a historical meeting at that, given we'll be...

China has surprised us all with higher foreign reserves in November. The bond and stock market inflows have probably more than offset the use of reserves for the yuan interventions.Chinese foreign...