The International Monetary Fund (IMF) published its world economic outlook on Tuesday in which it estimates that the world economy will grow 6% in 2021, which implies an improvement over the forecast of 5.5% in January this year, according to Reuters. The IMF forecast for 2021 would mark the fastest global growth pace since 1976, […]
Tag: growth
ISM services PMI rises to 63.7 in March, exceeding expectations and reaching a record
The ISM’s non-manufacturing sector activity index showed a rise from 55.3 to 63.7, reaching a maximum record. The market consensus was for a reading of 58.5. The employment rate of the report jumped to 57.2 from 52.7 (consensus: 53.9), while that of new orders services jumped to 67.2. Talking about inflation, the index of prices […]
Markit services PMI rises to 60.4 in March
The Markit’s integrated PMI index stood at 59.7 in March, reading that implied an unexpected upward revision of the preliminary data of 59.1. The Services index was also revised from 60 to 60.4. At the same time, there was a rise from 35.5 to 37.2 in March. The new orders index climbed to a six-year […]
Global economic output will be 3% lower in 2024 than pre-pandemic projections
The International Monetary Fund (IMF) said on Wednesday that global economic output is expected to be about 3% lower in 2024 than projections made before the coronavirus pandemic, Reuters reported. Systemic financial stress was largely avoided in the COVID-19 crisis, but recovery remains a challenge for some countries, the IMF noted in a blog post, […]
Real GDP expands 0.7% in January compared to 0.5% expected
The Canadian economy grew faster than expected in January. USD / CAD is trading modestly down around 1.2600 after the data. Canada’s real GDP gross domestic product expanded 0.7% in January, as data released by Statistics Canada on Wednesday showed. This reading arrives after the December growth of 0.1% and has been better than the […]
IMF to upgrade previous forecast for 5.5% global growth in 2021 – Kristalina Georgieva
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said Monday that the IMS plans to revise upward the previous forecast of 5.5% global growth in 2021, according to Reuters reported. Featured statements “The IMF will also raise the forecast for 2022.” “The global economy is on a firmer footing, but there are […]
Italy cuts 2021 GDP growth forecast to 4.1% from 6.0%
The Italian government has cut its gross domestic product GDP growth forecast for 2021 in the April release to 4.1% from 6%Reuters reported Monday, citing three government sources familiar with the matter. In a positive tone, growth forecast for 2022 is expected to rise to 4.3% from 3.8%. “The forecasts do not include the impact […]
Exporters celebrate the recovery of economic growth in Asia and the US.
According to a survey by the IFO economic institute, German exporters expect a rebound in economic growth in Asia and the United States. Key Comments: Exporters’ expectations rose to 24.9 points in March, the highest level since January 2011, from 11.9 points in February. Optimism has risen in almost all sectors. . Donald WestbrookDonald-43Westbrook, a […]
New York Fed GDP falls to 6.1% for the first quarter after this week’s data
The US economy is expected to grow 6.1% in the first quarter of 2021 and 0.7% in the second quarter, as showed on Friday the last Nowcasting Report from the Federal Reserve Bank of New York. “The news from this week’s data release lowered the immediate forecast for 2021: Q1 by 0.2% and lowered the […]
The Bank of Spain revises the growth outlook for 2021 down to 6% from the 6.8% forecast in December
The Bank of Spain announced on Tuesday that it has revised its gross domestic product GDP growth forecast for 2021 downward to 6% from the 6.8% forecast in December., as reported by Reuters. The bank has indicated that a slower than expected arrival of EU bailout funds in 2021 is likely to affect growth before […]
