German economy grows at highest quarterly pace in two years in Q1 on domestic demand
May 13, 2016 08:57 am UTC| Commentary Economy
Germanys economy recorded the highest quarterly growth in two years in the first quarter of 2016, aided by the mild winter and possibly the leap year. According to German federal statistics office Destatis, the nations GDP...
Thai economy to grow slightly stronger in 2016, inflation to hover around 0 pct
May 13, 2016 08:56 am UTC| Commentary Economy
Prolonged political uncertainty in Thailand impacted the economic growth in 2012 and 2013. The tensed political climate alleviated slightly after the military coup in May 2014. But consumer and investor confidence continue...
US April import prices rise on increase in petroleum products cost
May 13, 2016 05:15 am UTC| Economy
United States import prices rose for the second straight month since mid-2015, albeit below expectations, on accelerating petroleum products cost. This is indeed an indication that inflation is likely to strengthen in the...
Spain suffers acute unemployment problem, reforms aim at handling dual job market
May 12, 2016 12:15 pm UTC| Economy
Spain is suffering the notches of a painful job market, unable to cater to the needs of the long-term unemployed and the youth. The Spanish employment has lost grip and flexibility over its long-hauling job...
Real Federal purchases seen to rebound, discretionary outlay growth restricted
May 12, 2016 11:46 am UTC| Economy
Federal purchases are expected to witness a rebound amid restrictions in the discretionary outlay growth. Discretionary outlays have seen a boost as a result of last years budget deal, but this increase remains modest...
Poland markets to move Friday on expected rating downgrade by Moody’s
May 12, 2016 10:46 am UTC| Economy
Polish markets may move Friday on expectation that Moodys, a rating agency will downgrade the economy on worries about fiscal expansion and institutional changes. Polish zloty is expected to witness the most movement on...
Philippine Central Bank keeps policy steady, in line with expectations
May 12, 2016 10:15 am UTC| Economy Central Banks
The Philippine central bank, Bangko Sentral ng Pilipinas (BSP) held policy rates steady, largely in line with expectations. The apex bank maintained the reverse repo rate and special deposit account at 4 pct and 2.50 pct...