Macroeconomic Insights: Abu Dhabi GDP Forecast

Turnleaf expects Abu Dhabi GDP growth to slow to 2-3%YoY in the next two quarters before hitting 7%YoY in 2026Q1 and then falling back to a bit over 3%YoY by June 2026 (Figure 1). Downward pressures are moderate and mainly concentrated in services and business...

Macroeconomic Insights: Switzerland CPI – Escaping Deflation

Turnleaf expects Switzerland inflation to oscillate around 0% over the next 12 months with some indication of healthy price growth towards the tail-end of our forecast (Figure 1 – PAID). Robust appreciation of the Swiss franc has resulted in persistent...

Macroeconomic Insights: Japan CPI – Nigiri Sushi Inflation

As of September 2025, Japan’s inflation profile remains dominated by food price dynamics. The headline 2.9% YoY reading reflects a disproportionate rice contribution—despite representing only 0.62% of the CPI basket, rice added 150–170 bps through its 49.2% YoY...

U.S. Government Shutdown and the October 2025 CPI Print

The BLS released the September 2025 CPI print on October 24, nine days after its originally scheduled October 15 release date, following a partial recall of staff during the government shutdown that began October 1. However, the White House has confirmed that the...