Brazil's fiscal tightening in 2015

Jul 14, 2015 04:57 am UTC| Commentary

According to the IMF Report of May 2015, Brazils structural primary balance swung from a surplus in 2008 to a deficit in 2014, a much bigger deterioration than the automatic stabilisers, largely due to the acceleration in...

Outcome of Greek negotiations and timeline

Jul 14, 2015 04:48 am UTC| Commentary

After long hours of negotiations, euro area leaders eventually came to a positive agreement on Greece. As expected, this agreement outlines a list of prior actions to be passed in Greek Parliament by Wednesday before some...

Recession confirmed in Russia

Jul 14, 2015 04:45 am UTC| Commentary Economy

The trends in Russian economy reflect the sharp drop in real household revenues, as consumers anticipated the upsurge in inflation and made early purchases in late 2014. Investment continued to contract. The recession...

Deal is on in Greece, risks remain high

Jul 14, 2015 04:28 am UTC| Commentary

In light of yeasterdays agreed deal, and broad support from the political parties domestically. Barclays assumes the risks of a Greek exit have reduced in the short term as the ECB should remain supportive as long as prior...

2015 ground-breaking year for Brazil restoration?

Jul 14, 2015 04:19 am UTC| Commentary

Although the real (BRL) has regained 5% since March, the currency has fallen 29% against the US dollar over the past year. The year 2015 will surely leave a bigger mark on Brazils economic history than 2009. Business and...

Daily Economic Outlook: 14th July, 2015

Jul 14, 2015 04:09 am UTC| Commentary

Against the ongoing backdrop of attempts by Greece and its creditors to erect the required building blocks for their agreement on a third bailout programme, several euro area data releases will provide useful insights into...

A weekend of intense and tense negotiations for Greece

Jul 14, 2015 04:09 am UTC| Commentary

Wednesday 15 July is 5 days before Greece is due to pay the ECB 3.5bn on Monday 20 July. Bridge financing will be discussed at todays Eurogroup to prevent a Greek default on the ECB. Adding up the numbers, we find the...