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Overview



Economics
commentary

Reports on consumer and property economics


Domestic house price growth in step with global outcomes.
The global housing market continues to soften following a strong rebound in 2021 and 2022, as the rising cost of debt and inflation bottleneck demand. While real house prices are declining in most countries, fundamentals differ between advanced and emerging economies.


 

Economics Weekly 17 November 2023


Following the hawkish hold at the September 2023 Monetary Policy Committee (MPC) meeting, we have had a stream of more positive news that supports a steady rate view going into the November meeting. Global activity has weakened following the postpandemic cyclical recovery and, while inflation remains sticky, it is slowing. In line with this, central banks in advanced economies have also paused interest rate hiking cycles.


 

Economics Weekly 10 November 2023


Following rapid monetary tightening to rein in decade-high inflation around the globe, tightening cycles have started to pause and focus is fast shifting to fiscal policy prudence. Unlike advanced economies which are somewhat insulated by safer-haven status, pressure is mounting for emerging markets to stabilise public debt. While a stronger dollar has raised external debt vulnerabilities, higher borrowing costs have lifted interest expenditure across the spectrum.


 

Economics Weekly 3 November 2023


As was broadly expected, the 2023 Medium-Term Budget Policy Statement (MTBPS) demonstrated a deterioration in the fiscal framework due to poor revenue performance, amid reduced corporate profitability, and mounting expenditure pressures emanating from public sector wages and rapidly rising debt service costs. This resulted in a wider budget deficit, which threatens fiscal consolidation and the stabilisation of debt.


 

Economic Update

MTBPS 2023 Review



 

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2022 Economic updates


October

MTBPS Review 2022

2021 Economic updates


December

Inflation

July

Economic updates

2023 Reports on consumer and property economics


February

Property Barometer

January

Property Barometer

2022 Reports on consumer and property economics


December

Property Barometer

November

Property Barometer

July

Property Barometer

June

Property Barometer

May

Property Barometer

March

Property Barometer

2021 Reports on consumer and property economics


October

Property Barometer

September

Property Barometer

Property update

July

Property Barometer

June

Property Barometer

May

Property Barometer

April

Property Barometer

February

Property Barometer

January

Property Barometer

2020 Reports on consumer and property economics


November

Property Barometer

September

Property Barometer

August

Property Barometer

July

Estate Agents Survey Property Barometer

May

Property Barometer

April

Property Barometer

February

Property Barometer

January

Property Barometer