NEWS

Latest updates

• What will the Labor government do in Australia?

  • Following Labor’s election win, EIU expects incremental changes to Australia’s policy mix, rather than a series of “big bang” reforms
• Indo-Pacific Economic Framework falls short

  • On May 23rd the US president, Joe Biden, unveiled the Indo-Pacific Economic Framework for Prosperity (IPEF). IPEF is light on detail, however, affirming our long-held view that the US will struggle to deepen its economic influence in Asia, particularly considering China’s economic prominence in the Indo-Pacific region.
• Global Outlook: how the war in Ukraine will fuel global food insecurity

  • In EIU’s latest global outlook video, global forecasting director, Agathe Demarais and senior global analyst, Cody Feldman discuss how the war in Ukraine will fuel global food insecurity.
• China’s Pacific ambitions have been checked, for now

  • The second China-Pacific islands foreign ministers’ virtual meeting was held on May 30th, co-hosted in Fiji by that country’s prime minister and foreign minister, Frank Bainimarama, and China’s foreign minister, Wang Yi.
• Yen weakness undermines Japan’s growth outlook in 2022

  • The Japanese yen has been one of the hardest-hit major currencies in the wake of the Russia-Ukraine conflict. Its sharp depreciation against the US dollar is derived from a combination of Japan’s relatively weak economic fundamentals and a high degree of reliance on energy and food imports.
• EIU named as one of the top economic forecasters in 2021

  • We’re proud to announce that EIU has performed well in this year’s Annual Analyst Forecast Awards, attaining 38 first-place rankings, 40 second-place rankings and 42 third-place rankings.
• Is the US economy headed for a recession?

  • Despite being one of the first countries to recover from the effects of the covid-19 pandemic, the US economy is rapidly losing its upward momentum.
• US inflation picks up in May

  • For now, we expect the Fed to stick to the moderate pace of tightening that it outlined last month, which should tame market volatility in the second half of June.
• Philippines’ economic recovery remains strong

  • On May 12th the Philippines released its first-quarter GDP data, which show quarter-on-quarter growth of 1.9%—slower than the 3.6% recorded in October-December. In annual terms, the real GDP growth rate accelerated to 8.3%, compared with 7.7% in the previous quarter.
• EIU’s Global Liveability Index rebounds as pandemic eases

  • While the lifting of lockdowns has seen an uptick in scores across locations tracked by the index, liveability conditions in some eastern European cities have been negatively impacted amid the war in Ukraine.

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