Brexit paints an unclear picture for EU’s long-term economic outlook
Jun 27, 2016 09:17 am UTC| Economy Commentary
The exit of the United Kingdom from the membership of the European Union has painted an unclear picture concerning the long-term outlook of the European Union. It will depend on what form the new EUUK relationship takes,...
China’s economic growth momentum begins to fade
Jun 27, 2016 07:39 am UTC| Commentary Economy
Chinas growth momentum is changing. Following a solid recovery in March, the latest data flow implies that the growth momentum of the Chinese economy is beginning to wane, said ANZ in a research note. Last month, Chinas...
US June consumer sentiment fades on concerns over economic outlook
Jun 27, 2016 07:37 am UTC| Economy Commentary
The United States consumer sentiment for the month of June faded on concerns over the nations economic outlook, even before possible repercussions from the United Kingdoms decision to leave the European Union. The...
Singapore likely to be marginally affected by Brexit in the near term
Jun 27, 2016 07:01 am UTC| Commentary Economy
The effect of Brexit is likely to affect Singapore marginally in the near term, given that the equity market has already responded negatively on the Black Friday of June 24, and the SGD has depreciated against the...
New Zealand records trade surplus in May on stronger-than-expected export values
Jun 27, 2016 06:51 am UTC| Commentary Economy
New Zealands goods imports for May grew 5.7 percent to $4.2 billion in May 2016, which is mainly driven by increase in consumer goods imports that grew 16 percent y/y, according to Statistics New Zealand. Meanwhile, goods...
Mexico’s exports likely to have declined in May on slower U.S. growth
Jun 27, 2016 06:11 am UTC| Commentary Economy
The deceleration in Mexicos merchandise exports and imports in recent times is not much different from that in the first quarter of 2016 and in the fourth quarter of 2015. However, there appears to certain change in the...
Euro area’s M3 money supply growth likely to have accelerated in May
Jun 27, 2016 05:38 am UTC| Commentary Economy
Euro areas M3 money supply growth is likely to have accelerated in last month. Lately, private sector credit has been slow; however, a gradual acceleration and a rebound is anticipated between now and the end of 2016. In...