Japan needs expansion of nominal GDP through reflationary policies
Sep 29, 2015 04:40 am UTC| Commentary Economy
The original goal of Abenomics was to expand nominal GDP through reflationary policies, as it perceived shrinking nominal GDP to be the largest problem facing the Japanese economy. This policy is leading Japan in the right...
Mexico's labor market stabilizing on better labor conditions
Sep 28, 2015 16:27 pm UTC| Commentary Economy
Mexicos unemployment rate remained flat in August with respect to the one observed in July. This was mainly driven by an unexpected increase in the participation rate of almost 80bp in seasonally adjusted data reaching...
India's macro backdrop improved; GDP growth on right path
Sep 28, 2015 07:27 am UTC| Commentary Economy
Most macro indicators in Indian economy have been improving since early 2014. However, a recovery in private capex is asbent, partly reflecting large and persisting idle industrial capacity. Accordingly, euphoric...
Canadian economy is headed for a slower end of the quarter
Sep 27, 2015 21:35 pm UTC| Commentary Economy
The Canadian economy is headed for a slower end of the quarter, as indicated by disappointing July wholesale trade and retail sales. The mixed signals regarding the resilience of the Canadian consumer put into doubt how...
Regional divergences continue in Canada
Sep 26, 2015 07:42 am UTC| Commentary Economy
The Canadian dollar slipped below 75 US cents for the first time in 11 years this week. Since the freefall began in mid-2014 alongside the plunge in oil prices, the loonie is now down by nearly 20%. The weakness this week...
US Q2 GDP revised up again as economy surpasses expectations
Sep 25, 2015 16:17 pm UTC| Commentary Economy
The U.S. GDP Q2 number was revised from 3.7 percent to 3.9 percent, beating expectations and showing that the U.S. economy had grown faster than expected. This robust GDP number was mainly attributed to high construction...
Strong headwinds ahead for Hong Kong economy
Sep 25, 2015 12:55 pm UTC| Commentary Economy
Hong Kongs economy experienced strong headwinds in the past two quarters. Leading indicators such as PMI worsened to 44.4, its lowest reading since early 2009. Considering Chinese tourist arrivals accounts for more than...