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  • United States – Still in recession but declining more slowly

    Date: 3 April 2009
    Author: David Semmens, John Calverley
    Region: Americas
    Categories: Economics

    ...The US recession is already as deep and as long as any recession in the...

  • United States – The recession probably ends this month

    Date: 15 July 2009
    Author: David Semmens, John Calverley
    Region: Americas
    Categories: Economics

    ...ongoing structural adjustments • July looks the most likely month for the official recession trough

  • Canada – Following the US out of recession

    Date: 16 July 2009
    Author: David Semmens, John Calverley
    Region: Americas
    Categories: Economics

    ...second half of 2009 as the US inventory cycle turns • Canada’s recession is less severe than in the US and not as bad as...

  • Chile – Out of Recession, Slowly

    Date: 18 November 2009
    Author: Douglas Smith
    Region: Americas
    Categories: Economics

    ...GDP data were weaker than expected, but end the four quarter long recession • This is dovish for rates and reinforces that the central bank will...

  • The Great Recession

    Date: 15 April 2009
    Author: Dan Smith, David Barclay, Douglas Smith, Gerard Lyons
    Region: Global Overview
    Categories: Economics

    We are facing a Great Recession, not a Great Depression This is thanks to a better-than-expected...

  • Exit from recession

    Date: 23 February 2010
    Author: Alex Sienaert, Alvin Liew, Brandon Loe, David Semmens
    Region: Global Overview
    Categories: Fixed Income

    • Asian authorities are taking mixed approach to stimulus withdrawal after strong Q4-09 growth • Bank of Thailand is turning hawkish despite simmering political tensions • South Africa likely contracted by 2.4% y/y in Q4-09; inflation data under the spotlight

  • FX Daily – The Great Recession

    Date: 16 June 2009
    Author: Callum Henderson, Thomas Harr
    Region: Global Overview

    Japan’s recession should lead to JPY NEER weakness USD-JPY will remain range bound...

  • United States – Relief but still a recession

    Date: 19 September 2008
    Author: David Semmens
    Region: Americas
    Categories: Economics

    ...to replace banks’ lost capital We are now back to an “ordinary recession” profile

  • FX Daily – The Great Recession

    Date: 16 June 2009
    Author: Callum Henderson, Priyanka Chakravarty, Robert Minikin, Thomas Harr
    Region: Global Overview

    Japan’s recession should lead to JPY NEER weakness USD-JPY will remain range bound...

  • Canada – Recession in progress

    Date: 13 November 2008
    Author: John Calverley
    Region: Americas
    Categories: Economics

    ...Canada is entering a recession but it will be less severe than in the US • Key plus...

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