Domestic demand remains key growth driver of euro area; economy likely to slow in Q2

Jun 17, 2016 11:20 am UTC| Commentary Economy

The euro area economy had surprised on the upside in the first quarter, growing strongly. The disturbance in the financial market at the beginning of 2016 had raised projections of a weaker momentum. However, the euro area...

Canada’s near-term housing outlook remains strong; likely to moderate in 2017

Jun 17, 2016 10:08 am UTC| Commentary Economy

Canadas near-term housing outlook remains upbeat. In the first quarter, the Canadian residential activity accelerated noticeably and registered its most rapid pace since 2012. Growth was broad-based. Both resale and...

Japan’s trade balance likely to have improved noticeably in May

Jun 17, 2016 07:29 am UTC| Commentary Economy

Japans trade balance is likely to have improved markedly in May.The country is expected to record a trade surplus of JPY 70 billion in May, as compared with the deficit of JPY 220 billion recorded in May 2015, said Societe...

Wildfires to weaken Canada’s economic growth in Q2; GDP likely to rebound to 2 pct in 2017

Jun 17, 2016 07:03 am UTC| Commentary Economy

The Canadian economy started this year on a strong note as a sharp increase in residential investment and exports resulted in the economy to grow at an annualized rate of 2.4 percent in the first quarter. However, fleeting...

Australian economy continues to be on strong footing

Jun 17, 2016 06:09 am UTC| Commentary Economy

This weeks data for the Australian economy further gave evidence that the economy continues to be strong. Business conditions continued to be high, while employment in the country rose. This is expected to have added to...

India’s trade deficit widens in May; trend likely to continue in coming months

Jun 17, 2016 05:41 am UTC| Commentary Economy

In May, India recorded trade deficit of USD 6.3 billion, widened from Aprils deficit of USD 4.8 billion. A sharp increase in core imports, which followedtwo straight months of subdued performance, is attributed to the...

US headline inflation likely to accelerate towards 3 pct by Q1 2017

Jun 17, 2016 05:17 am UTC| Commentary Economy

USrecorded a 0.2 percent rise in consumer prices in May, as compared tomarket projection of a rise of 0.3 percent. Core inflation, stripping energy and food, also rose 0.2 percent on the month. On a year-on-year basis, the...