http://www.rbs.comThe Royal Bank of Scotland Group Chief Economist's Weekly Briefen-ukhttp://www.rbs.com/economic03.asp?id=ECONOMIC/WEEKLY_BRIEF/DSterling and the euro have taken a tumble against the dollar. The move has been triggered by signs of weakness across these economies rather than reflecting "dollar strength". The US was the first into the global downturn and the UK and Eurozone appear to be playing catch-up. Growth is starting to overtake inflation on the list of investor concerns.RBS2007-04-21http://www.rbs.com/economic03.asp?id=ECONOMIC/WEEKLY_BRIEF/CPolicymakers in the UK, US and the Eurozone were all talk this week, keeping rates on hold. It looks increasingly likely that they will sit on their hands for the remainder of the year, as the tug of war between slower growth and mounting price pressures continues. It's a different story in Asia, where more resilient growth and even higher rates of inflation are prompting action. The Bank of Korea and Bank Indonesia both raised rates by a quarter-point last week.RBS2007-04-14http://www.rbs.com/economic03.asp?id=ECONOMIC/WEEKLY_BRIEF/BIn keeping with the distinct lack of summer sun, last week's economic data was equally gloomy. The only real bright spot was that the US economy managed to accelerate in the second quarter. But even this modest pick-up is likely to prove short-lived as the boost from tax rebates fades. To find out more please read the attached report.RBS2007--7 http://www.rbs.com/economic03.asp?id=ECONOMIC/WEEKLY_BRIEF/AThe first estimate of Q2 GDP growth shows a UK economy slowing sharply, led by construction while leading indicators of Eurozone growth reached levels not seen since 2001. The ray of light in the gloom was a notable fall in the oil price.RBS2007-03-31