ING Economic and Financial Analysis

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...

November trade data shows that Taiwan depends heavily on Apple (NASDAQ:AAPL) and when they cancelled orders in November, exports shrunk 3.4% in November after growing 7.3% in October. And we expect...

A new star was not born. Instead, another disappointing drop in German industrial production shows that industry is not so far from the shallows any more.Industrial production dropped by 0.5% MoM in...

…and we will be fine as the European Central Bank is gradually shelving the controversial bond-buying programmeThe ECB meeting next week will not only be the last meeting of the year but will...

Another red-eye meeting of Eurozone finance ministers shows how difficult it is to agree on further Eurozone reforms. Only another existential crisis would speed up the reform efforts - something even...

The US continues to perform strongly and wages are finally gathering pace. But protectionism and a weakening global outlook are significant risks for 2019 and the cumulative effects of Federal Reserve...

The Chinese economy is set to slow down in 2019. The most likely scenario is an escalation of the US-China trade conflict, hurting exporters, manufacturing and logistics services. Pressure from trade...

The Turkish regulator has released performance data for the Turkish banking sector to end-October. It paints a picture in line with trends visible in banks’ third-quarter results, showing that...

Next week in developed markets US domestic data should reiterate the fact the economy is still going strong despite some uncertainties. We'll also look at German industrial data to see whether...