Recession confirmed in Russia

Jul 14, 2015 04:45 am UTC| Commentary Economy

The trends in Russian economy reflect the sharp drop in real household revenues, as consumers anticipated the upsurge in inflation and made early purchases in late 2014. Investment continued to contract. The recession...

The slowdown continues in Indonesia

Jul 14, 2015 02:03 am UTC| Commentary Economy

In Q1 2015, GDP growth continued to slow to only 4.7% yoy (down from 5% in Q1-2014), the slowest pace since the 2009 crisis. Household consumption remained relatively robust, but exports continued to contract for the...

Korea waits for the fiscal spending impact

Jul 12, 2015 02:54 am UTC| Commentary Economy

The Bank of Korea held the policy rate at 1.5% this week, after cutting rates in June. Precipitated by government pressure over the MERS outbreak, the decision to ease in June was the fourth rate cut since August 2014 and...

Korea plans to boost ailing exports

Jul 10, 2015 06:51 am UTC| Commentary Economy

The plans are part of the Korea governments broader move to shield its exports from Chinas slowdown and the prolonged weakness in JPY. South Korea is seeing the continual weakness in exports and softer domestic consumption...

Holidays dent France's industrial production in May

Jul 10, 2015 06:20 am UTC| Commentary Economy

Frances manufacturing production recorded a sharp fall (-2.5% mom, -2.8% yoy). The numerous and fluctuating bank holidays distrubed the countrys industrial output in May. Last year, three bank holidays fell on a Thursday,...

Conditions in the global economy take a turn for the worse

Jul 09, 2015 17:41 pm UTC| Commentary Economy

The minutes of the June 16-17 FOMC cited Greece and China as risks but also confirmed that the US is moving towards conditions that would support a rate hike. However, since the middle of June, the news from the global...

MERS and Yen to take greater toll on Korea

Jul 09, 2015 11:09 am UTC| Insights & Views Economy

South Koreas central bank kept interest rates at record low of 1.5% but reduced the growth forecast amid economic slowdown. Today, the Central Bankreduced forecast for second quarter to just 0.4% from 1% revised...