UK inflation to pick up in H2

Jun 16, 2015 11:28 am UTC| Commentary

As expected, deflation in the UK proved temporary, with inflation increasing to 0.1% y/y in May from -0.1% y/y in April. Core inflation increased to 0.9% y/y in May from 0.8% y/y in March. The largest upward...

Fed on track for September lift-off

Jun 16, 2015 11:17 am UTC| Commentary

After six years of near-zero interest rates, the Fed will soon raise rates for the first time in almost a decade. The central bank last lifted rates in June 2006.The Fed has said it will raise rates when it sees further...

US inflation to rebound

Jun 16, 2015 10:49 am UTC| Commentary

While headline CPI inflation of the US is still close to zero, held down by lower energy prices, core CPI is up at a 2.5% annual rate so far this year (April vs December), up from a 1.6% pace in 2014. Compared to 12 months...

US labour market tightening further

Jun 16, 2015 10:43 am UTC| Commentary

Despite the moderation in growth in the US economy, the slack continues to decline rapidly. The short-term unemployment rate, which seems to matter most for wage growth, is back to the levels seen during the 2006-2007 boom...

FTA would boost trade in both directions

Jun 16, 2015 10:28 am UTC| Commentary

The EU and ASEAN have been in FTA negotiations since 2007. Negotiations have stalled, however, and the EU has begun bilateral FTA negotiations with individual countries. According to the EU, the goal is still to reach a...

Technology products to dominate EU-ASEAN trade corridor

Jun 16, 2015 10:21 am UTC| Commentary

EU-ASEAN trade is fairly similar when looking at the broad goods categories. Manufactured goods make up around 60-70% of trade in both directions; chemicals (mostly pharmaceuticals) make up about 14% of EU exports to ASEAN...

Solid growth for EU-ASEAN trade corridor in next five years

Jun 16, 2015 10:18 am UTC| Commentary

The EU-ASEAN trade corridor will grow faster in the next five years, following subdued growth in the past three years. The Europe recovery is likely to continue near-term - GDP growth is expected at 1.5% for 2015 and 2.1%...