India's FY15 GDP likely to be lower than the government’s projection

May 22, 2015 10:18 am UTC| Commentary

India will release FY15 (ended March 2015) GDP data on 29 May. The governments statistical agency projected FY15 GDP growth of 7.4% y/y in early 2015, based on GDP of 7.5% y/y extrapolated for Q4-FY15 (January-March 2015)....

Still too early to confirm Hong Kong's export recovery

May 22, 2015 10:12 am UTC| Commentary

Hong Kong will announce its April external trade numbers on 28 May. Standard Chartered expects export growth to come in at 4.5% y/y, up from -1.8% prior, mainly on a favourable base effect. With Chinas trade data over the...

UK posts tentative improvement, but major fiscal squeeze lies ahead

May 22, 2015 10:06 am UTC| Commentary

While Aprils figures bring more good news on the current health of the public finances, a major and painful re-intensification of the fiscal squeeze will still be required for the Government to obtain an overall budget...

German Ifo still points to strengthening recovery

May 22, 2015 09:37 am UTC| Commentary

Mays small fall in the German Ifo business climate indicator left it consistent with pretty strong growth and came as a relief after bigger falls in other surveys. But the decline in businesses expectations may warn of a...

UK public finances make good start to new fiscal year

May 22, 2015 09:15 am UTC| Commentary

While Aprils figures bring more good news on the current health of the UKs public finances, a major and painful re-intensification of the fiscal squeeze will still be required for the Government to obtain an overall budget...

Boost from Japan's net exports to fade next year

May 22, 2015 09:11 am UTC| Commentary

According to the preliminary estimate, net exports reduced quarterly GDP growth by 0.2 percentage points (pp) in the first quarter of the year relative to Q4 2014. However, if seen from a somewhat longer perspective, net...

Bank of Japan to step up pace of easing in October

May 22, 2015 09:01 am UTC| Commentary

The Bank of Japans more upbeat economic assessment today suggests that the introduction of more stimulus as early as July is off the table. However, analysts remain convinced that the prospect of prolonged below-target...