George Osborne to announce plans to tackle UK’s housing problem

Nov 25, 2015 08:23 am UTC| Commentary Economy

Today UK chancellor, George Osborne will present Autumn statement to the parliament around 12:30 GMT, where he is expected to announce measures to tackle UKs housing problem. For the past 5 year, while wages remained...

All eyes on the parliamentary session in India ahead of GDP data

Nov 25, 2015 02:32 am UTC| Commentary Economy

Focus this week will be on the winter parliamentary session which gets underway on 26 Nov (Thu) and runs for nearly a month. While the contentious land and labour laws are likely to gain more traction at the state level,...

Singapore surprised on the upside with a 1.9% (QoQ saar) expansion in 3Q

Nov 25, 2015 02:19 am UTC| Commentary Economy

The Singapore economy surprised on the upside with a 1.9% (QoQ saar) expansion in the third quarter (see Table). This translates into a 1.9% YoY growth. The final outcome not only beats the most optimistic forecast in the...

S&P/Case Shiller survey shows a modest acceleration in home prices in September

Nov 24, 2015 16:00 pm UTC| Commentary Economy

The SP/Case-Shiller 20-City Home Price Index increased more than expected in September, showing some modest acceleration in the pace of house price gains. Home prices were up 0.6% m/m, and the y/y rate increased to 5.5%...

Subprime 2: the return of the killer mortgage

Nov 24, 2015 12:51 pm UTC| Commentary Economy

The subprime mortgage market brought the world to its knees, so what on earth are we doing inviting it back to the party? It was the packaging and reselling of this low-rated debt from US home-owners that sparked the...

Migrant Crisis Series

Migrant spending and consumers boosts German GDP

Nov 24, 2015 12:39 pm UTC| Insights & Views Economy

Today German GDP figure was released, which showed German economy grew 0.3% in third quarter, up 1.8% from a year ago. While the growth figure is much better than 1.6% y/y in second quarter and 1.1% in the first, a...

Domestic demand to lead German’s Q3 GDP

Nov 24, 2015 06:19 am UTC| Commentary Economy

Based on the preliminary report, Germans Q3 GDP expanded by 0.32% qoq. The economy posted 0.44% growth in Q2. The domestic demand is likely to lead the growth rate in this quarter. We expect private and government...