Annual Economic Report 2019 - Statistics associated with the graphs

Download all statistics (zipped XLSX, 860 KB)

Graphs

  
Chapter I: data behind the graphs (xlsx)  
I.1  Global slowdown deeper than expected p 3
I.2  Financial conditions undergo large shifts p 4
I.3  Monetary policy eases around year-end amid subdued inflation p 5
I.A  Drivers of financial market valuations in late 2018 and early 2019 p 6
I.4  Financial markets rebound in early 2019 p 8
I.B  Wages, prices and margins p 9
I.5  Confidence falls and economic uncertainty rises p 11
I.6  Shifting funding of the real economy in China p 12
I.C  Bank loans, liabilities and aggregate financing p 13
I.7  Trade exposures affect economic activity p 14
I.8  Consumption, services and employment prove resilient p 15
I.9  The financial cycle and dynamics around business cycle recessions p 16
I.10  Household indebtedness, property prices and consumption p 17
I.11  High-yield finance macro exposure and economic amplification p 18
I.12  Causes and consequences of rising zombie shares p 20
I.13  Bank capitalisation increased compared with the mid-2000s p 21 
I.14  Lower profitability and slower growth of equity p 22 
I.D  Balance sheet policy and debt issuance have significant effects on term premia p 25 
I.15  Labour productivity growth has been declining in advanced economies p 27 
Chapter II: data behind the graphs (xlsx)  
II.1 Inflation targeting, FX reserves and macroprudential tools p 32
II.2 Inflation, growth and credit in inflation targeting economies p 33
II.3 Global financial factors and EME exchange rates p 34
II.4 Exchange rates have a larger impact on inflation in EMEs p 35
II.5 US dollar dominance in global trade p 37
II.6 Foreign currency debt and foreign ownership raise vulnerabilities in EMEs p 38
II.7 Exchange rates co-move with bond yields in EMEs p 39
II.8 FX intervention enhances resilience in EMEs p 41
II.B.1 Short-term monetary policy trade-off and FX intervention p 47
II.B.2 Intertemporal monetary policy trade-off and macroprudential tools p 48
II.Appendix Inflation in inflation targeting EMEs p 53
Chapter III: data behind the graphs (xlsx)  
III.1 Financial services are a small part of big tech business p 56
III.2 Mobile payments and bank accounts p 58
III.3 The rise of big tech money market funds and their sensitivity to returns p 59
III.4 Big tech and other fintech credit in selected jurisdictions p 60
III.5 Big tech banks in China rely more on non-core deposit funding p 61
III.A Big techs' life cycle: theory and practice p 63
III.6 Big tech credit, asset prices and bank development p 65
III.B Credit assessment and big data analytics p 66
III.7 Yu'ebao's importance for bank funding p 69
III.C Introduction of central clearing requirement in China p 70
III.8 A regulatory compass for big techs in finance p 71

Related information