TOKYO (Reuters) - Japan's economy bounced back in the first quarter from a year-end lull, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast, solid private spending and some improvement in exports.
Japan's economy bounced back in the first quarter from a year-end lull, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast, solid private spending and ...
You might expect the international markets to be a bit concerned to hear that Ireland's budget deficit this year will be a record 32% of GDP. But you'd be wrong. Today the interest rate - yield - on Irish government debt went down, and the difference between Ireland's borrowing rate and Germany's also went down, by nearly a quarter of a percentage point.
The implication is that investors are now (slightly) more relaxed about Ireland's fiscal situation than they were yesterday, when its budget deficit for 2010 was 'only' around 11% of GDP. What gives?
Households face a sharp fall in disposable income when the Bank of England raises interest rates that could derail the recovery if the pace of increases is quicker than anticipated, according to the Telegraph.
The analysis conducted by Scotiabank found a one percentage point rise in interest rates over a year would knock around two percentage points off headline UK growth.
A small digest on Ukrainian economy - mostly news, less analysis.Some grim stats on Ukrainian economy here: http://slavyangrad.org/2014/09/08/statistics-tell-the-tale-irreplaceable-losses-for-the-ukrainian-economy/A very comprehensive survey, despite some politically loaded statements. Read it for the stats at least.
OTTAWA — Increasingly, Canada’s economic recovery hinges on the strength of the much-ballyhooed rebound south of the border.
The signs are there, now all we need is some more action.
Deflated exports have to expand, and the United States is our go-to client. After all, it is — and will continue to be — our biggest trading partner.
It was a choppy week for the FTSE-100 (UKX) this week. Chancellor George Osborne reportedly blamed the weather for an unexpected half percent contraction in the size of the UK economy during the fourth quarter of last year. Whether or not his assessment was correct, the figures sent a chill through the market. Supporting Osborne’s view, the UK’s Office for National statistics blamed December’s snow for a market decrease in pre-Christmas trading, with advisory firm Deloitte calculating that retailers alone lost £750m of sales because of the weather.
A big economic announcement this week will be tomorrow's Advance Estimate for Q4 GDP from the Bureau of Economic Analysis. The final number for Q3 GDP was 3.1%. The general consensus is that Q4 will show a significant decline in this broad measure of the economy. Investing.com weighs in at 1.8%. According to Briefing.com, the consensus for Q4 is 1.0%.