INT
Equity markets are more vulnerable than bond markets
The Fed's shift to a slightly more dovish stance exacerbates the growing disconnect between markets and economies
InternationalUK house prices will fall modestly in 2024
House prices fell by 1.8% in 2023, reflecting the impact of higher mortgage rates
United KingdomEast Asian manufacturing will rebound very gradually
Japan and South Korea both saw slightly stronger industrial output and retail sales than expected in November
JapanAgreeing Ethiopia’s debt restructuring will be tricky
As expected, Ethiopia has defaulted on a payment due on its USD1bn Eurobond
EthiopiaIndia and US GDP may outgrow China later this century
The CEBR sees China passing the US economy for size by 2038, then US GDP regaining the lead, then India taking top spot
InternationalInert anodes offer aluminium decarbonisation advance
Inert anodes will be key to aluminium decarbonisation but large-scale firm renewable power supplies will still be needed
InternationalApple's entry will fuel competition in GenAI market
Apple is on course to become the latest technology major to enter the market for generative artificial intelligence
InternationalTurkey’s rate rises will be more modest in early 2024
The Central Bank raised interest rates by 250bp to 42.5%, the highest in two decades
Turkey
