New Zealand’s Q3 current account deficit narrows to 3.3% of GDP
Dec 16, 2015 02:30 am UTC| Commentary Economy
New Zealands current account deficit narrowed slightly to 3.3% of GDP in the year to September. The result was in line with the market expectations, after accounting for some positive revisions to the June quarter figures...
Spain's fiscal policy progress but more consolidation needed
Dec 16, 2015 02:11 am UTC| Commentary Economy
While the pace of fiscal consolidation over the past six years has been one of the most rapid on record, fiscal consolidation in Spain has eased since 2014, similar to other euro area countries. In 2015, the change in the...
Spain’s labour market improving but a long way to go
Dec 15, 2015 22:45 pm UTC| Commentary Economy
A highly inefficient labour market has been a major weakness for the Spanish economy. Poor labour market regulation has resulted in the abuse of temporary contracts by firms, excessive protection of workers on permanent...
Canadian home sales strengthen again in November
Dec 15, 2015 21:42 pm UTC| Commentary Economy
Following some cooling over the summer, housing demand has reaccelerated through the fall. The volume of home sales transactions through November is up 5% from a year earlier, and trending only 3% below the 2007 record...
Dec 15, 2015 17:54 pm UTC| Commentary Economy
Canadian existing home sales rose 1.8% in November and are now 10.9% higher than a year ago according to data by the Canadian Real Estate Association (CREA). CREA noted that sales hit their highest monthly level in over...
US inflation pressures continue to mount despite the stronger USD and lower oil prices
Dec 15, 2015 16:18 pm UTC| Commentary Economy
Todays CPI report showed more signs that domestic inflation pressures continue to mount, despite the stronger USD and lower oil prices. As the impact of the stronger USD and the slump in energy prices begins to wane next...
Renminbi series – Economists divided over Yuan’s 2016 devaluation outlook
Dec 15, 2015 07:23 am UTC| Commentary Economy
There are great extent of debates going among economists, analysts and market participants over whether Yuan will get devalued significantly in 2016 or not. Those favoring devaluation arguments, suggesting, Yuan will...
Canada retail sales rises in September