Russian sentiment indicators show pessimism amongst economic players; ruble likely to remain weak

Jun 28, 2016 12:29 pm UTC| Commentary Economy

The economic scenario for Russia is now improving based on recent data. The economy had contracted 3.7 percent last year and appears to be stagnating for some months now. Even if economic sanctions from the EU and...

Russian sentiment indicators show pessimism amongst economic players; ruble likely to remain weak

Jun 28, 2016 12:29 pm UTC| Commentary Economy

The economic scenario for Russia is now improving based on recent data. The economy had contracted 3.7 percent last year and appears to be stagnating for some months now. Even if economic sanctions from the EU and U.S....

Indonesia approves tax amnesty bill to fund budget gap

Jun 28, 2016 12:25 pm UTC| Commentary Economy

The Indonesian government has approved a tax amnesty bill that is aimed at reducing the widening budget gap as it steps up infrastructure spending to spur economic growth. The government plans to draw billions of dollars...

Consumer spending in US likely to have slowed in May

Jun 28, 2016 12:12 pm UTC| Commentary Economy

Spending in the USis expected to have gained in May following a sharp increase in April, but at a slower pace. It is likely to have grown 0.3 percent, as compared with the solid growth of 1 percent in the prior month, said...

Briferendum Series

UK’s Osborne assures of contingency plan to deal with market volatility

Jun 28, 2016 11:35 am UTC| Commentary Economy

The United Kingdoms Chancellor Osborne has reassured the public that robust contingency plans have been put in place to deal with any potential fallout and address any market volatility that is expected to persist for some...

Bank of Spain projects national growth to slow in Q2

Jun 28, 2016 11:07 am UTC| Commentary Economy

The Spanish economy is expected to witness a slowdown in the second quarter of this year in terms of growth, as predicted by the Bank of Spain Tuesday. It expected the Spainishgrowth to have eased, and that it was still...

Brazil’s jobless rate likely to have increased in May

Jun 28, 2016 11:03 am UTC| Commentary Economy

Brazils jobless rate is expected to have increased in May. According to a Societe Generales research note, the IBGEs PNAD survey is expected to indicate that the jobless rate grew to 11.4 percent in May from Aprils 11.2...