Klaas Knot, a member of the Governing Council of the European Central Bank (ECB) and governor of the Dutch central bank, said on Sunday that the current rebound in stock markets can be attributed to growing expectations of economic recovery. Key Comments: “Definitely we see high ratings”. “The stock markets could be anticipating the launch […]
Tag: Increase
New York Fed GDP stands at 6.5% for the first quarter after this week’s data
The US economy is expected to grow 6.5% in the first quarter of 2021, the latest Nowcasting Report from the Federal Reserve Bank of New York. Additional conclusions “The Commerce Department’s early estimate of real GDP growth for 2020: Q4, released on January 28, was 4.0%. The latest New York Fed staff Nowcast for 2020: […]
Real GDP grows 0.7% in November compared to 0.4% expected
The Canadian economy expanded at a stronger rate than expected in November. USD / CAD continues to push lower after solid data. Canada’s real Gross Domestic Product (GDP) it expanded 0.7% in November to mark its seventh consecutive monthly expansion, data released by Statistics Canada on Friday showed. This reading was higher than the market […]
speculation overshadows sentiment, the dollar is under pressure
What you need to know on Friday, January 29: The financial world turned around equities again, but stocks were not driven by confidence. For a change, the escalation of the Gamestop scandal paved the way. To put it in a nutshell, individual investors rallied the stock considerably and raised alarms everywhere. Trading was halted on […]
Revises the forecast for world economic growth for 2021 to 5.5% compared to 5.2% seen in October
In its latest outlook report for the world economy, the International Monetary Fund (IMF) has revised up its forecast for 2021 global economic growth to 5.5% from 5.2% in the October release, as reported by Reuters. Key takeaways summarized by Reuters: “The IMF forecasts a global economic contraction in 2020 to 3.5% versus October forecast […]
The German economy is expected to reach pre-crisis levels by mid-2022
The German Economy Ministry expects the German economy to reach pre-crisis levels by mid-2022Reuters reports Monday citing a draft government document. Additional details from the report reveal that the ministry forecasts a debt-to-GDP ratio of 72.5% in 2021 and 68.75% in 2024. . Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional […]
GDP growth in the euro zone in 2021 slows to 4.4%
Economists predict that the eurozone economy will grow at a slower pace in 2021 Before accelerating in 2022, it has shown on Friday the quarterly survey of the European Central Bank (ECB) to professionals. Key Comments: “Real GDP growth is seen in the euro zone at 4.4% this year, down from 5.3% in the previous […]
New York Fed GDP rises to 2.2% for the fourth quarter after this week’s data
The US economy is expected to grow 2.2% and 5.5% in the fourth quarter of 2020 and the first quarter of 2021, respectively, the latter showed on Friday. Nowcasting Report from the Federal Reserve Bank of New York. “The news from this week’s data release increased the immediate forecast for 2020: fourth quarter by 0.1 […]
China will grow 7.9% in 2021 compared to 1.9% in 2020
The economy is expected China grows 7.9% in 2021 after expanding 1.9% in 2020, the International Monetary Fund (IMF) indicated in a report, as reported by Reuters. The IMF recommended that moderate support to the economy continue for a recovery with solid foundations. “China needs to stimulate private demand to achieve more balanced growth in […]
New York Fed GDP falls to 2.4% for the fourth quarter after this week’s data
The US economy is expected to grow 2.4% and 5.6% in the fourth quarter and first quarter of 2021, respectively, it showed on Friday. the latest Nowcasting Report from the Federal Reserve Bank of New York. “The news of this week’s data release lowered the immediate forecast for 2020: fourth quarter by 0.1 percentage points […]
