ING Economic and Financial Analysis

China is once again using infrastructure investment to avoid an economic slowdown. Sound familiar? It doesn't matter. We're still downgrading our GDP growth rate for this year and next.Fixed asset...

Buoyed by a strong domestic economy and a stock market inflated by repatriated corporate profits, the White House continues to look for concessions from major trading partners. We see no let-up in...

This week in FX markets will be all about policymakers delivering on their threats or promises. Will Washington follow through on its threat to increase tariffs on China and will Turkish authorities...

While the krona has edged higher on preliminary results of the Swedish election, we don't expect this to provide much lasting support to the currency.SEK: Relatively benign election outcome unlikely...

We expect Turkey to hike its one-week repo rate on Thursday to further support the lira. Also watch out for strong inflation readings from the EMEA and Latam regions.Turkey: Hike expected to prevent a...

Developed markets pick up the pace in the week ahead. US retail sales and inflation data will provide further clues about future Fed policy while in Sweden, investors will focus on the result of...

China's foreign reserves fell by $8.23 billion in August to $3109.72 billion. This implies capital outflows were not significant during the month and suggests the yuan has room to weaken. The question...

July industrial data continues to disappoint but should be just a normal dip and not the start of a severe downswing.German industrial production took another summer hit, dropping 1.1% month on month...

We think there are two dollars to now consider, the USD against emerging market FX and the USD against major currencies.USD: The only game in town amid strong US data, heightened riskWe look for...

Bank of England Governor Mark Carney will face questions from MPs later about possible plans to extend his stay beyond next June. We think continuity could be supportive for sterling but, at the same...

The Bank of Canada meets again this Wednesday. Although a surprise rate hike can’t be ruled out completely, a 2Q GDP print fractionally undershooting the consensus and Nafta uncertainty gives us...

Jobs growthLast year the economy created 182,000 jobs on average per month, but there's been a marked acceleration in 2018. The first seven months of the year have averaged 215,000 new jobs thanks to...

A much busier week for developed markets. We look for signs of recovery in the US jobs report, hard German data to evaluate true signs of economic recovery and whether Riksbank will maintain its...

The higher than consensus official manufacturing PMI implies that the government's push for infrastructure investment has come into effect.PMIs are upbeatChina's manufacturing and non-manufacturing...

Woes in Argentina and Turkey are back in the limelight again. We don't anticipate much contagion to Asian FX, but there are signs of weakness today.Not contagion, but negative backdrop returnsWhen you...

If Washington follows through with its threat of 25% tariffs on $200 billion of Chinese imports, we would expect another bout of yuan weakness despite the government's attempts to stabilise the...