Rugby euphoria sees uplift in U.K. Q4 15 private consumption

Oct 23, 2015 04:13 am UTC| Commentary Economy

U.K. retail sales growth (in volumes) accelerated to 1.9% m/m in September, far exceeding both our and consensus forecasts, while the August numbers were revised downward by 0.6pp. Barclays notes, the ONS press release...

Brazil's labor market look beyond stability of unemployment rate

Oct 23, 2015 04:02 am UTC| Commentary

Brazils unemployment rate for September came in slightly lower than expected, at 7.6%, implying 2.7pp deterioration from a year ago. In seasonally adjusted terms, the unemployment rate was flat at 7.5%. Adjusted for...

U.S. Q3 GDP forecast revised down to 1.5%

Oct 23, 2015 03:51 am UTC| Commentary

Domestic strength of the United State offset by foreign weakness. The forecast for real private consumption growth is increased to 3.5%, from 3.0%, estimates Barclays. Despite the weaker-than-expected retail sales data in...

Asian stocks follow Wall Street sharply higher on ECB hints

Oct 23, 2015 02:58 am UTC| Commentary

Asian markets rallied on Friday morning after Wall Street closed with solid gains the night before, with investor sentiment boosted by hints from the European Central Bank over further easing. While the European Central...

US rates: Weekly review

Oct 23, 2015 02:12 am UTC| Commentary

At the October FOMC meeting, even as the Fed acknowledges the weakness in realized data over the past month, it is likely to balance this with an acknowledgement of the decline in risks from financial developments. At this...

Social reforms to improve safety net and promote inclusive growth in China

Oct 23, 2015 01:47 am UTC| Commentary Economy

Despite steady improvements during the 12FYP, Chinas social spending as a percentage of GDP is still relatively low compared with OECD members and even with other BRICs. During the 13FYP, the government is expected to...

China's growth target: Doubling GDP and income per capita by 2020

Oct 23, 2015 01:41 am UTC| Commentary

c.6.5% growth is expected to be the governments official bottom line during the 13FYP, though actual growth on the ground could be lower. President Xi reiterated the official targets of doubling the GDP and income per...