Euro area inflation returns to positive territory in June

Jun 30, 2016 11:01 am UTC| Commentary Economy

Euro area inflation came in positive in June, according to the flash estimate from Eurostat. Inflation in the currency bloc accelerated to 0.1 percent year-on-year. Meanwhile, the core rate accelerated to 0.9 percent...

UK Q1 GDP growth unrevised at 0.4 pct

Jun 30, 2016 10:26 am UTC| Commentary Economy

The Office for National Statistics released the third estimate of the UKs first quarter GDP that shows the economy expanded 0.4 percent q/q, unrevised from its previous estimate. This is consistent with consensus...

French economy likely to slow in 2017-2018; uncertainty to affect hiring decisions

Jun 30, 2016 09:35 am UTC| Commentary Economy

Since 2013, the French economy has underperformed the euro area. This year represents an end to the underperformance. It will be the first time that the jobless rate has declined since 2010. But the French economy would...

Turkish lira likely to see positive developments as Russia considers lifting sanctions against Turkey

Jun 30, 2016 09:32 am UTC| Commentary Economy

The Turkish lira is likely to witness positive developments as Russian President Vladimir Putin is planning to lift sanctions against Turkey in a few days. He assured that the Russian government will liftthe ban on tourism...

South Korean exports likely to have recovered significantly in June

Jun 30, 2016 07:28 am UTC| Commentary Economy

South Koreas exports are likely to have rebounded considerably in dollar terms and also on year-on-year growth basis. On the basis of interim trade data available till June 20, the countrys exports are expected to have...

Downside risks to German economic outlook return post Brexit vote

Jun 30, 2016 07:17 am UTC| Commentary Economy

Germanys trade and investment are expected to soften in 2016, in spite of a strong start to the year, given the Brexit referendum outcome. Butthe underlying strength of German economy is expected to continue to shield the...

New Zealand’s business sentiment soars to six-month high in June

Jun 30, 2016 06:35 am UTC| Commentary Economy

Business confidence in New Zealand soared to a six-month high in June, according to an ANZ survey. A total of 20 percent businesses are positive about the economic outlook in the coming year, up 9 points from...