OTTAWA — It may not be smooth sailing after all for the Canadian economy.
Many positive outlooks for growth in 2014 have been buoyed by a stronger-than-expected performance in the third-quarter of last year — along with a pickup in the global economy overall — but some analysts are sounding a more pessimistic tone.
“The consensus view that economic growth will accelerate this year is misplaced,” say economists at Capital Economics.
Economic forecasters say they expect the American economy to advance at a faster pace in the coming months.
The U.S. economy shrank one percent in the first three months of the year.
But the National Association for Business Economics said Monday its group of 47 forecasters expects growth to advance at an annual pace of more than 3 percent in each of the last three quarters of 2014.
The professional group's president, Jack Kleinhenz, National Retail Federation chief...
At 1 p.m., President Barack Obama will give a speech on the economy at Knox College in Illinois. It's the first in a series of economic speeches Obama will give in the coming weeks. The White House has set up a website to promote the speeches. So far, it has no real policy content. But it does have this chart.
The slide in oil prices may be coming too fast to provide the traditional fillip for the world economy.
Last year’s 50 per cent plunge in Brent crude from its June peak prompted most economists to predict a boost to global growth as it bolsters consumers’ spending power, echoing effects from declines in the 1980s and 1990s. Now that the fall has extended another 21 per cent barely two weeks into 2015, it risks not being as positive as some first imagined.
BEIJING — China surprised markets with a thumping trade performance in January as import growth hit a six-month high, drawing some scepticism about the data but still allaying fears of a deepening economic malaise.
Analysts who had expected the long Lunar New Year holiday to drag on January’s trade warned that the figures may be inflated by fake trade transactions, where traders forge deals to sneak cash into the country past capital controls.
The Treasury will try to maintain a cautious posture on Wednesday, but start to put the political squeeze on the shadow Treasury team by claiming its dire predictions of mass unemployment have been proved untrue.
The shadow chancellor, Ed Balls, in the US for talks with the Obama administration, has already prepared the ground for the change of economic gear by highlighting the continued squeeze on living standards.