India not in deflation, as suggested by WPI
Jul 01, 2015 03:52 am UTC| Commentary
Indias Chief Economic Advisor Arvind Subramanian, has cited a sustained deflationary trend in WPI to justify the call. While a deflationary trend in an inflation gauge does indeed merit a call for a rate cut, a question...
Sweden Riksbank: Expect another small rate cut
Jul 01, 2015 03:42 am UTC| Commentary
Though modest, strengthening of SEK and recovery of both inflation and inflationary expectations, dampening expectations for furtherpolicy action from the Riksbank in July.The current bond purchase program continues...
Germany: Decline in early retirement leads the way
Jul 01, 2015 03:33 am UTC| Commentary
In Germany, the dissociation between the working age population and the labor force, which rose 2.5% has been as striking as in Japan.A rise in female labor force participation was an important driver of the implied rise...
South Korea's services inflation rises despite MERS
Jul 01, 2015 02:02 am UTC| Commentary
South Koreas inflation ticked higher to 0.7% y/y in June (May: 0.5%; April: 0.4%), in line with consensus but below the forecast (0.8%). The pickup is consistent with the view that inflation bottomed in March-April at...
Canada's real GDP fell 0.1% in April
Jun 30, 2015 22:48 pm UTC| Commentary
Canadas April GDP release was particularly disappointing (-0.1%m/m, cons +0.1%). Within the sector breakdown, mining, oil gas was a key source of weakness, partly due to "maintenance shutdown and production difficulties"...
Aging and the global workforce
Jun 30, 2015 21:39 pm UTC| Commentary
The working age population of the existing centers of global economic activity has stopped rising and begun to fall. All else equal (including in particular productivity growth and labor force participation), the implied...
Jun 30, 2015 20:45 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields ranged between 2.06% and 2.11%, while the 10yr yield ranged between 3.02% and...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned