Category: GDP
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Atlanta Fed model predicts GDP to shrink 2.8% in Q1: Trumpcession
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The American economy can shrink at its fastest rate since the COVID-19 insurance, according to the flavor of its flavor in Atlanta, which is now expected to decrease 2.8 % in the first quarter. The new expectations differ greatly from only one month, which has estimated the gross domestic product…
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UK economy struggles to gain momentum as GDP growth disappoints at 0.1%
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The UK economy grew by just 0.1 per cent in November, below expectations of 0.2 per cent, according to the Office for National Statistics (ONS). The weak figure, announced on Friday, highlights the continuing weakness in Britain’s recovery, as the new Labor government faces stubborn inflation, tepid consumer confidence, and…
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Australia’s GDP Growth Disappoints as Households Hunker Down
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Breadcrumb links BMN Business Australian economic growth remained sluggish in the three months to September, as higher government spending helped overcome weak exports and restrained consumer demand. Article writer: Bloomberg News Swati Pandey Published on December 3, 2024 • 2 min read You can save this article by registering for…
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Week Ahead in FX (Oct. 28 – Nov. 1): Global GDP and Inflation Reports, Plus BOJ and U.S. Jobs Updates
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With a full slate of GDP, inflation, and central bank updates, markets are bracing for a whirlwind of economic insights this week. With the Bank of Japan, global data and US jobs numbers coming in, traders will be studying each report for clues about future interest rate paths and growth…
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China’s GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
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(Bloomberg) — Asian stocks rose as investors digested better-than-expected Chinese economic data and details of an additional share buyback program from the Chinese central bank. Most read from Bloomberg Stocks in China and Hong Kong extended gains after the People’s Bank of China said it had established a re-lending mechanism…
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Europe’s population crisis could shave 4% off its GDP by 2040: Morgan Stanley
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Europe’s demographic challenges have become a time bomb for the region’s economy, with Morgan Stanley offering bleak forecasts on the impact of these challenges on GDP. Morgan Stanley says Europe’s aging population could cut 4% from the euro zone’s GDP by 2040 as people live longer and birth rates fall.…
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Canada Q3 GDP still looking soft, larger cuts on the table
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Macklem The rates market is evenly divided on whether the Bank of Canada will cut by 50 or 25 basis points on October 23. Today’s GDP report was slightly better than expected at +0.2% vs. +0.1% expected but the advance reading for August was flat. This has led to RBC…
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ECB’s Villeroy: French goal to cut deficit to 3% of GDP by 2027 is not realistic
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Villeroy from the European Central Bank It is strange that governments are still violating eurozone deficit rules in 2027 – seven years into the pandemic emergency – and it is clear that this will not end well. In the long run, I think this would suggest that the optimal course…
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UK debt could triple to 300% of GDP within 50 years, OBR warns
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The Office for Budget Responsibility has warned that UK public debt could rise to 300% of GDP over the next half-century, due to rising costs linked to climate change and an ageing population. In its latest report on long-term fiscal risks, the independent watchdog warned that current policy choices and…
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Newsquawk Week Ahead: Highlights include China & US CPI, ECB rate decision, UK GDP
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MondayApple iPhone Event; Japan Revised GDP (Q2), China CPI (Aug), EasySentix (September), US Employment Trends (Aug) Tuesday: US Energy Information Administration report, OPEC August report; Australian business confidence (Aug), German final CPI (Aug), UK unemployment/wage rate (July), Swedish GDP (July), Norwegian CPI (Aug), US non-oil CPI (Aug), China trade balance,…
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Australia’s Q2 GDP Miss Is Not Helping The Australian Dollar
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Australia’s economy grew by 0.2% in the second quarter of 2024, in line with an upwardly revised 0.2% growth in the previous quarter but below market estimates of a 0.3% rise. Link to the Australian Bureau of Statistics’ Q2 2024 GDP report The report detailed: Local final order Contributed 0.2%…
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ICYMI – Goldman Sachs raised their Q3 US GDP estimate to 2.7% (q/q annualized), from 2.5%
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Newsquawk Week Ahead: US NFP & ISMs; BoC, Canada jobs; Australian GDP; Swiss CPI
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Monday:US & Canada Final Manufacturing PMI (Labor Day), Eastern Europe & UK Final Manufacturing PMI (August), China Caixin Final Manufacturing PMI (August) Tuesday: Swiss CPI (Aug), Swiss GDP (Q2), Turkish CPI (Aug), US ISM Manufacturing PMI (Aug), Final Manufacturing PMI (Aug) Get married: Bank of Canada and National Bank of…
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Canadian GDP beat for all the wrong reasons. The market sees a chance of 50 bps next week
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On the face of it, Canada’s second-quarter GDP report looked good today at 2.1% annualized compared to 1.6% expected, and easily beating the Bank of Canada’s forecast of 1.5%. But the problem here is that the composition of growth was all wrong. Consumer spending rose at a mere 0.6% annual…
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U.S. Q2 2024 GDP Revised Higher Thanks to Stronger Consumer Spending
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The second edition of the US GDP reading has been upgraded to show: Faster expansion of 3.0% in Q2 2024 This is up from the initial figure of 2.8%. This also reflects a significant acceleration in economic growth compared to the first quarter of 2024 GDP of 1.4%. The positive…
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Forexlive Americas FX news wrap: US second quarter GDP gets an upgrade but USD gains fade
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia FX drifts higher as dollar rebound cools ahead of GDP, inflation data By Investing.com
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Most Asian currencies rose on Thursday, albeit slightly, as the dollar’s recovery stalled ahead of key economic readings likely to weigh on expectations of interest rate cuts. Regional currencies came under renewed pressure this week as the dollar recovered from 13-month lows, amid growing speculation about how far the US…
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Asia FX drifts higher as dollar rebound cools ahead of GDP, inflation data By Investing.com
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Most Asian currencies rose on Thursday, albeit slightly, as the dollar’s recovery stalled ahead of key economic readings likely to weigh on expectations of interest rate cuts. Regional currencies came under renewed pressure this week as the dollar recovered from 13-month lows, amid growing speculation about how far the US…
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Dollar edges higher ahead of retail sales; sterling gains on GDP growth By Investing.com
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The US dollar rose slightly on Thursday, but remained close to seven-month lows after benign inflation data, while sterling rose after strong growth data. At 05:45 ET (09:45 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.1% at 102.452, just above…
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Pound ticks up after British GDP data, euro holds above $1.10 By Reuters
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Written by Ankur Banerjee SINGAPORE (Reuters) – Sterling edged up on Thursday after strong British GDP data, while the euro held above $1.10, close to a more than seven-month high hit the previous day, supported by data showing slowing U.S. inflation that boosted expectations for a Federal Reserve interest rate…