What you need to know on Wednesday, October 13: Market participants continued to fight for a catalyst as the macroeconomic calendar remained tight. Overall, risk aversion dominates the scene amid headwinds from China related to financial stability and the current energy crisis. Additionally, the International Monetary Fund lowered its global growth forecast amid “seeing major […]
Tag: Increase
IMF cuts growth forecast for 2021 to 5.9%, citing supply disruptions in advanced economies
In their World Economic Outlook published on Tuesday, the International Monetary Fund said it has lowered its global growth forecast for 2021 to 5.9% from 6% in July due to supply disruptions in advanced economies, Reuters reports. Release “The world growth forecast for 2022 was unchanged at 4.9%.” “The US growth forecast for 2021 decreased […]
The World Bank expects global growth of 5.7% in 2021 and 4.4% in 2022
The President of the World Bank, David Malpasssaid Monday they expect a global economic growth of 5.7% in 2021 and 4.4% in 2022, as reported by Reuters. Featured statements “The world is seeing tragic development setbacks, with progress in reducing extreme poverty dwindling over the years due to the pandemic.” “We are looking for ways […]
Forex Today – Asian Session: Week Starts In Slow Motion As Investors Wait For New Catalyst
What you need to know on Tuesday, September 28: The week started in slow motion, with the dollar falling modestly against high-yielding rivals, but rising against the yen. The latter was hit by the rise in US Treasury yields, as the 10-year yield rose to 1.51%, its highest level since July. USD / JPY is […]
Limited risk signals from stronger price pressures seen – Lagarde
The President of the European Central Bank (ECB), Christine Lagarde, affirmed in the hearing of the Commission of Economic and Monetary Ausntos of the European Parliament, who continue to see the rebound in inflation as temporary. He added that inflation could turn out to be weaker than expected if economic activity were affected by a […]
The OECD cuts its world growth forecast to 5.7% by 2021 from the 5.8% forecast in May
In an update on its economic outlook, the Organization for Economic Cooperation and Development (OECD) cut its global growth forecast to 5.7% by 2021 on Tuesday from 5.8% in May. Highlights of the release: The entity has also cut the forecast for the UK to 6.7% in 2021 (compared to 7.2% in May) and 5.2% […]
The Atlanta Fed’s GDP falls to 3.6% for the third quarter after the latest US data.
Real gross domestic product (GDP) in the United States is expected to grow 3.6% in the third quarter of 2021, down from 3.7% on September 10, it showed on Thursday the latest GDPNow report from the Federal Reserve Bank of Atlanta. “Following this week’s releases from the US Bureau of Labor Statistics, the US Treasury […]
Prospects are confused by bottlenecks and virus variants – Olli Rehn
The member of the Governing Council of the European Central Bank and Governor of the Bank of Finland, Olli Rehn, made a statement in the last hour, saying that the inflation above target is temporary. Medium-term prospects are dampened by slack and muted wage pressures. Featured statements The growth is robustBut it still needs support, […]
Forex Today – Asian session: The dollar prepares to resume its decline
What you need to know on Tuesday, September 7: The dollar posted a modest recovery on a dull Monday. The US and Canadian markets closed as both countries celebrated Labor Day, exacerbating range trading. The US currency corrected higher but remains weak. Among its rivals, the pound is the worst performer, as investors see no […]
The Atlanta Fed’s GDP now declines to 3.7% for the third quarter after the latest US data.
Real gross domestic product (GDP) in the United States is expected to grow 3.7% in the third quarter of 2021, down from 5.3% on September 1, it showed on Thursday the latest GDPNow report from the Federal Reserve Bank of Atlanta. “Following this morning’s releases from the Bureau of Economic Analysis and the US Census […]
