US Private consumption and residential investment to rebound in Q2

Jul 23, 2015 03:42 am UTC| Commentary

The rebound in growth following the disappointing Q1 outturn to be driven mainly by private consumption and non-energy investment."2.7% growth in Q2 is expected in private consumption, up from 2.1% in Q1. In terms of...

PBOC moving at a rapid pace to stabilize economy

Jul 23, 2015 03:31 am UTC| Commentary

The Peoples Bank of China is firing on all cylinders intervening in the economy in an attempt to stabilize economic growth and structural adjustment. The PBOC will add $45 billion to the Export and Import Bank of China...

Is 'Grexit' risk in near term receding?

Jul 23, 2015 03:28 am UTC| Commentary

After the deal agreed on 13 July to launch negotiations for a third Greek bailout and the Greek parliaments vote on prior actions, the risk of a Grexit in the near term has receded. However, the situation will remain...

ECB to continue asset purchase programme till September 2016

Jul 23, 2015 03:25 am UTC| Commentary

The Euro area economy is still on track for a modest recovery in 2015. GDP is expected to grow by 1.4% this year and 1.6% next year, slightly above trend. The re-emergence of the Greek crisis over the past few weeks is...

RBNZ cut OCR and signalled more to come

Jul 23, 2015 03:19 am UTC| Commentary

Reserve Bank of NZ reduced the OCR by 25 bps, and indicated that further OCR reductions were coming.RBNZ stated that, "At this point some further easing seems likely." "Growth outlook is now softer than at the time of...

Korea's weak GDP underscores need for weaker KRW

Jul 23, 2015 03:09 am UTC| Commentary

Koreas weakness in GDP and growth can be attributed to the sharp contraction in private consumption, as the recent MERS outbreak dampened consumer confidence, which ultimately weighed on private spending and services.The...

Germany: Fiscal consolidation despite modest stimulus in coming years

Jul 23, 2015 02:12 am UTC| Commentary

Germany is on track to record another sizable surplus this year (0.7% of GDP) on the back of strong revenue performance (wage and social security taxes) and declining interest expenditure. The surplus is expected to...