The US economy is expected to expand 2.86% in the fourth quarter, the latest Report showed on Friday Nowcasting from the Federal Reserve Bank of New York. “A positive impact from the JOLTS data was offset by the negative surprises from the CPI data, leaving the immediate forecast practically unchanged,” the New York Fed explained […]
Tag: Increase
Scholz says partial lockdown in November will weigh on fourth-quarter growth
The partial lockdown in November in Germany will hurt growth in the fourth quarter, but the aid package should cushion the impactGerman Finance Minister Olaf Scholz said on Thursday, Reuters reported. “The aid package to compensate companies for the partial lockdown in November will probably cost more than the 10 billion euros originally planned,” Scholz […]
Economists Remain Cautious About Global Growth Outlook Despite Coronavirus Vaccine News
The US pharmaceutical company Pfizer announced positive results from its vaccine trial on Monday against the coronavirus, sending risk assets higher. The most notable move was in the US junk bond market, where the yield fell more than 40 basis points to hit a new all-time low of 4.56%. Without a doubt, a vaccine will […]
Australian Treasury Secretary Says Economic Recovery Could Be Tainted Without Fiscal Boost
Strong fiscal stimulus is needed without which the economic recovery is likely to falterAustralian Treasury Secretary Steven Kennedy said in an interview with The Guardian on Friday. Key Comments: “The measure would allow the government boost the economy whenever it weakens rather than just after a ‘big hit’ like a pandemic. ” “Given the lack […]
The New York Fed’s Nowcast model points to a GDP of 3.2% in the fourth quarter after this week’s data
The US economy is expected to expand 3.2% in the fourth quarter, as the latest Nowcasting Report from the Federal Reserve Bank of New York showed on Friday. Key comments from the press release: “The Commerce Department’s advanced estimate of real GDP growth for the third quarter of 2020, released on October 29, was 33.1%. […]
The Atlanta Fed’s GDPNow model points to 2.2% growth in the fourth quarter
Gross domestic product real GDP in the United States is expected to grow by 2.2% in the fourth quarter of 2020, the latest GDPNow report from the Federal Reserve Bank of Atlanta showed on Friday. “The initial estimate of real GDP growth for the third quarter published by the US Bureau of Economic Analysis on […]
Vice Premier Liu says the economy is likely to achieve positive growth this year
“China’s economy is very likely to achieve positive growth this year“Vice Premier Liu He said on Wednesday. Additional comments: “The prudent monetary policy is flexible and appropriate, keeping liquidity reasonably ample. ” “The consolidation of the market to a reasonable extent, to accelerate the dual circulation of the economy“. “China will unswervingly insist on open […]
New York Fed GDP falls to 13.8% for the third quarter after this week’s data release
The US economy is expected to expand 13.8% in the third quarter and 3.6% in the fourth quarter, the latest Nowcasting Report from the United States showed on Friday. Federal Reserve Bank of New York. Key takeaways from the press release “The news of this week’s data release lowered the immediate forecast for the third […]
IMF: Countries must continue to implement essential measures to ensure a lasting recovery – Kristalina Georgieva
The countries must continue with essential measures to guarantee the protection of lives and the means of subsistence to ensure a lasting recoveryThe managing director of the International Monetary Fund (IMF) said on Wednesday, Kristalina Georgieva, as reported by Reuters. Featured statements: “Stopping support for households and businesses too soon could risk serious self-harm.”The public […]
