Emirates NBD Research
 

Find anything about our articles and more.
Enter a query in the search input above, and results will be displayed as you type.

Try typing "Dubai Economics", "Dubai GDP", "GCC Macro"

Emirates NBD
Search
Subscribe
   
  • Home
  • Economics

    Emirates NBD Research provides detailed coverage of 16 GCC and MENA economies, analysing them from a top down macro and strategic perspective as well as by a bottom up sector by sector approach.

    • SUBTOPICS
    • GCC Macro
    • MENA Macro
    • Global Macro
    • Sector Economics
    • Monthly Insights

     

    Latest Article UAE: A mixed bag of data in January
    Latest Article Moroccan growth will outperform MENA oil importer peers in 2021
    Latest Article Tunisian economy facing manifold challenges

     

  • Markets

    Emirates NBD Research publishes reports on global forex, rates and commodities, as well as regional fixed income and equity markets.

    • SUBTOPICS
    • Foreign Exchange
    • Fixed Income
    • Commodities
    • Equities
    • Monthly Insights

     

    Latest Article IEA lowers demand forecasts
    Latest Article Monthly Insights: January 2021
    Latest Article Gold prices stumble to start 2021

     

  • Daily
  • PMIs

    Emirates NBD sponsors Purchasing Managers’ Indices for the UAE, Saudi Arabia, Egypt and Dubai. The indices are compiled by IHS Markit, the leading global provider of financial market data.

    • SUBTOPICS
    • UAE PMI
    • Saudi Arabia PMI
    • Egypt PMI
    • Dubai PMI
    • Methodology

     

    Latest Article Dubai PMI moves back into expansion territory in December
    Latest Article Regional PMIs- Saudi PMI rises to year high in December
    Latest Article Regional PMI round-up: A mixed bag in November

     

  • About Us
  • EmiratesNBD.com
  • Subscribe
MARKETS > ECONOMICS

October 2018 Monthly Insights

Published Date: 17 October 2018

Facebook
Linkedin
Twitter
Email
Print

 

Global growth appears to be approaching an inflection point, whereby the consequences of monetary policy tightening, fading support from US tax cuts and rising trade and geopolitical tensions threaten to slow activity in 2019. Regionally, however, growth should benefit from the tailwind of increased oil production even as other headwinds remain challenging.

 

  • Global macro: Rising volatility is spreading from emerging to developed markets, raising questions about the sustainability of strong growth in 2019, with risks likely to outweigh opportunites for the foreseeable future.
  • GCC macro: The UAE has approved a long-awaited law allowing the federal government to issue sovereign bonds, even though we expect the consolidated budget to run a surplus in 2019.                 
  • MENA macro: Iraq is edging closer to forming a government following elections in May, which could provide some much-needed policy direction.
  • Sub-Saharan Africa: Rapid political and economic change in Ethiopia will spur continued interest in one of Sub-Saharan Africa’s fastest-growing economies.
  • Interest Rates: UST yield curve to maintain its upward march despite rising trade tensions.
  • Credit Markets: Rising benchmark yields left GCC bonds weaker despite stable credit spreads.
  • Currencies: The dollar has run out of steam over the last month, proving unable to hold onto gains. The risk of a monthly close below the 50-month moving average for the first time since April, could signal the start of a longer downward trend for USD.
  • Equities: Global equities were lower over the last month as investors’ became wary of the lack of progress on key issues confronting markets since the start of the quarter.
  • Commodities: Gold markets have rallied in the wake of escalating diplomatic risks and a short-term correction in equity markets. We expect that recent gains will be sustained and increased going into 2019.

Equity markets sink as yields soar

Source: Bloomberg,Emirates NBD Research

 

Click here to Download Full article

 

Written By:
,

RELATED ARTICLES

Monthly Insights: January 2021
17.01.2021

Economic Calendar - 11 January 2021
10.01.2021

Brexit is not over yet
04.01.2021

Joe Biden wins presidential election
08.11.2020

Green bond market has room to expand in MENA
21.10.2020

See all

LATEST ARTICLES

IEA lowers demand forecasts
19.01.2021

Dollar weakness remains entrenched
07.01.2021

OPEC diplomacy key to stable oil markets
05.01.2021

See all
 

 Subscribe to our newsletter


Never miss out what is going on in UAE Economics

KEEP READING MORE

Monthly Insights: January 2021

A round-up of our key research insights and forecasts this month.

ECONOMICS, MARKETS - 17.01.2021

Regional growth to be driven by improving global backdrop

We expect GCC growth to average 2.3 percent in 2021 following an estimated 5 percent contraction in 2020.

ECONOMICS, GCC MACRO - 13.01.2021

Iraqi finances will remain under pressure

Iraq implemented a difficult currency devaluation in December last year, but its finances will remain under pressure this year and growth will be weak

ECONOMICS, MENA MACRO - 12.01.2021

 

MENA Quarterly Q4 2020

Our quarterly report on MENA economies

ECONOMICS, MENA MACRO - 13.10.2020

OPEC and allies reach agreement for 2021

The oil market should be able to absorb modest production increases

MARKETS, COMMODITIES - 06.12.2020

Green bond market has room to expand in MENA

Renewables projects across the region could attract new pool of investors.

MARKETS, FIXED INCOME - 21.10.2020

Regional PMI round-up: A mixed bag in November

UAE PMI unchanged at 49.5 in November.

ECONOMICS, PMIS - 08.12.2020

  • Economics
  • Markets
  • PMIs
  • About Us
  • Subscribe to our publications
  • Economics
  • GCC Macro
  • MENA Macro
  • Global Macro
  • Sector Economics
  • Markets
  • Foreign Exchange
  • Fixed Income
  • Commodities
  • Equities
  • PMIs
  • UAE PMI
  • Saudi Arabia PMI
  • Egypt PMI
  • Dubai Economy Tracker
  • Methodology
  • About Us
  • Subscribe to our publications

 


Terms and Conditions
Copyright © 2021 Emirates NBD Bank PJSC. All Rights Reserved