China will not drag down the world economy

Investor panic reflects fears of a general slowdown in the world economy.

Renminbi devaluation - economic repercussions yes, but no new currency war

On August 11, 2015, the People´s Bank of China took the markets by surprise by fixing the renminbi at 6.2298 CNY versus the US dollar, almost 2% higher than a day earlier.

Domestic demand tumbles

The Brazilian economy contracted slightly in the first quarter. An early turn for the better is not in sight.

Economy yet to hit bottom

The rebound on the Russian financial markets over the past few weeks can hardly be explained by developments in the real economy.

Further economic stabilization measures on the cards

The slowdown in growth in China in the first quarter came as anything but a surprise.

No growth in sight

The Russia-Ukraine conflict and its economic repercussions represent a considerable additional drag on the Russian economy.

Signs of a slight acceleration in economic activity

Economic sentiment in China improved slightly in June. Both the national purchasing managers' index for the manufacturing industry and the one published by HSBC and Markit point towards a moderate economic acceleration, with the indices up to 51 and 50.7 points respectively.

Slowdown proceeding in controlled fashion so far

As expected, economic growth in China slowed slightly in the first quarter 2014.

Will the calm on the currency markets last?

After the currencies of numerous emerging markets had come under substantial downward pressure in late January, the situation has since eased appreciably.