Brazil's fiscal balance to remain under strong pressure
The 2014 fiscal balance was better than expected as GDP and the deflator growth surprised to the upside in Q4. "we expect the fiscal balance to improve over the next few years on the government's pledge to introduce aust…
The 2014 fiscal balance was better than expected as GDP and the deflator growth surprised to the upside in Q4. "we expect the fiscal balance to improve over the next few years on the government's pledge to introduce austerity measures, the pace of improvement will be painfully slow (-5.5% and -4.6% of GDP in 2015 and 2016) and inadequate to boost investor confidence - the key ingredient for medium-term recovery", says Societe Generale
The expected deceleration in government spending will act as a drag on growth in 2015 (and to some extent in 2016 as well).
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
