Economy

We caught the shekel sell-off, predicting downside as of May 3. However, the unit has remained on the firm side of the ILS4.3/US$ support level we highlighted on June 25, and with... 2007-07-09

With political risk still high, and an early presidential transition potentially on the cards in the next few years, we expect Egypt to maintain its generous spending throughout the... 2007-07-04

Real GDP looks set to slow sharply over the next few years, as a decline in net exports continues to mask a revival in the consumer and investment components of GDP. We see growth... 2007-07-04

We expect Jordan to achieve real growth of 4.2% y-o-y in 2007, which is a significant but not worrying drop from estimated growth of 5.8% last year. Over the forecast period we anticipate... 2007-07-04

We are leaving our fiscal forecasts unchanged, in spite of recent political turmoil, believing that any additional spending due to the crisis in Gaza will be covered off-budget, as... 2007-07-03

Turkish real GDP growth surprised to the upside in the first quarter, expanding by 6.7% y-o-y, up from an increase of 4.6% y-o-y in Q406. Even though domestic consumption levels remained... 2007-07-02

BMI View: The current account will remain in deficit, but narrow sharply in 2007 and then gradually thereafter. Meanwhile workers' remittances will continue to cover the shortfall.... 2007-07-01

BMI View: Although we are very positive on the prospects for the non-oil sector, particularly against the backdrop of a rapidly emerging consumer culture, the decline in net exports... 2007-06-22

BMI View: Prudent macroeconomic policies combined with very strong growth will allow Israel to continue to rein in the fiscal deficit while also cutting taxes gradually over the forecast... 2007-06-21

The Turkish lira has hit our TRY1.3000/US$ target and with its positive medium term trend channel still in play, further gains are looking likely. That said, we highlight our caution... 2007-06-21