ING Economic and Financial Analysis

GBP: Under pressureA UK leadership challenge (note that the needed 48 letters from Conservative MPs are reported still not to be in place) and potential further resignations from ministers (such as...

First it was politics, now it is the economy. The worst economic performance since 1Q 2013 is another wake-up call for the eurozone’s largest economy to take action. The swan songs and...

China's activity data show that infrastructure has finally come to the rescue of the economy. But is it too little, too late? Retail sales growth is slowing.Infrastructure eventually comes to rescueIt...

China's credit report shows that local government bond issuance has experienced an abrupt decline, implying the limit for this year's fiscal stimulus may have already been reached.Local government...

View our latest forecasts for growth, inflation, rates and currenciesExecutive summary GDP forecasts CPI and oil price forecasts Central bank policy rate forecasts 3-month interest rate...

Despite some notable exceptions, Asian currencies have been staging a resurgence of late. The hand-wringing in emerging markets seems to have vanished, and with it, the weakness that was plaguing most...

An exciting week ahead in developed markets. We hope to better understand the Eurozone's recent poor performance, and see a political stalemate in Sweden come to a showdown. And if your feeling...

Strong export data in October shows that Chinese exporters are worried that US tariffs will increase in January 2019. We expect this front-loading behaviour to continue for the rest of 2018, as we...

Strong export data in October showed that Chinese exporters are worried that US tariffs will increase in January 2019. We expect this front-loading behaviour to continue for the rest of 2018 as we...

Foreign exchange reserves dropped by $34 billion in October, the largest drop in 2018 so far, though still small compared to 2015. This means there was no capital outflow panic even as the yuan...

Slightly positive September industrial production data probably came too late to avoid a disappointing performance of the entire economy in the third quarter.Industrial production increased by 0.2%...

President Xi has emphasized the economy is being hit by external forces and needs measures to support growth. At the same time, the National Council has announced a stimulus package. But the amount of...

On face value, a flat monthly figure isn’t always good news, but Canada's August GDP numbers released tomorrow are expected to show the economy is still close to its potential. Our growth...

Readings on eurozone GDP and German inflation will set the tone for the beleaguered euro todayEUR: Limited fallout if macro data stays solid in the face of political noiseThe euro remains under...

We expect that China's manufacturing PMI and non-manufacturing PMI will continue to drop but show that activity is still expanding, thanks to tax cuts and other stimulus measures.Manufacturing...

Two weeks after the Bavarian elections, voters in the state Hesse confirmed the ongoing process of political defragmentation and a transition to a post-Merkel era - making German national politics...