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Italy’s Main Challenge Is To Boost Growth
July 13, 2011A modest export-led recovery is under way in Italy, with growth of 1 percent expected in 2011. For growth to pick up substantively, reforms will be needed across the economy to address low productivity, an inefficient public sector, and the continued divide between the North and the South. IMF Survey Magazine
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Global Growth Hits Soft Patch, Expected to Rebound
June 19, 2011The global economy, hit by slowdowns in Japan and the United States, is expected to reaccelerate in the second half of the year, but growth remains unbalanced and concerted action by major economies is needed to avoid lurking dangers, the IMF says in its latest forecast. IMF Survey Magazine
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Despite Mild Global Slowdown, Latam Growth Still Strong
June 19, 2011Latin America’s growth, expected to exceed 4½ percent in 2011, remains robust, driven by high commodity prices and easy external financing conditions, but early signs of overheating are appearing, the IMF said in its latest global update. IMF Survey Magazine
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IMF: U.S. Economic Growth to Slow
June 17, 2011U.S. dollar lower in currency trading The IMF has lowered its forecast for the U.S. economy, prompting a lower U.S. dollar in currency trading on the FX market. The IMF believes that U.S. economic recovery is in danger — and the rest of the world’s recovery is in danger as well. Also sending the U.S. [...]
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China: A Global Growth ‘Bright Spot’
June 9, 2011China’s economy, projected to grow at a rapid 9½ percent this year, remains on a strong footing, propelled by vigorous domestic and external demand, the IMF says in its latest assessment, adding that many of the drivers behind inflation should soon start to dissipate. IMF Survey Magazine
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Aussie is Breaking Away from Kiwi
May 31, 2011The correlation between the Australian Dollar and New Zealand Dollar is among the strongest that exists between two currencies. Given their regional bond and similar dependence on commodities to drive economic growth, perhaps this is no wonder. Over the last year, however, the Aussie has slowly broken away from the Kiwi. While the correlation between [...]
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Canadian Economy Sees Better Growth in Quarter 1
May 30, 2011Canadian dollar mostly rangebound ahead of interest rate announcement The Canadian economy saw increased growth in Quarter 1, growing to 3.9%. Businesses helped spur the growth. Even though there was improvement in economic growth, though, the Canadian dollar dropped a little bit. Economists had expected to see 4% growth for Canada in the first quarter [...]
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US: Weak job and growth data points to a slowdown of the recovery
May 26, 2011FXstreet.com (Córdoba) – Today’s batch of poor economic reports pointed to a slowdown in the US… For more information, read our latest forex news. FXstreet.com: Latest News
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G7 Leads Shift in Forex Reserves
May 20, 2011As you can see from the chart below, the world’s foreign exchange reserves (held by central banks) have undergone a veritable explosion over the last decade. While emerging markets (especially China!) have accounted for the majority of this growth, there are indications that this could soon change. China’s reserve accumulation is set to slow, while [...]
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Africa’s Low-income Countries Lead Growth Forecast
May 8, 2011Another year of strong growth is in prospect for most of the 29 low-income countries in sub-Saharan Africa. The IMF’s latest Regional Economic Outlook projects that these countries’ output will expand on average by 6 percent in 2011, compared with last year’s 5½ percent pace. IMF Survey Magazine
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Asia: Robust Growth, But Inflation Causing Concern
April 28, 2011After reaching a rate of 8.3 percent in 2010, GDP growth in Asia is projected to average nearly 7 percent in both 2011 and 2012, according to the IMF. Although the earthquake in Japan caused terrible loss of life and property, the government’s response helped to contain the economic impact, and spillovers to the rest [...]
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IMF Support Helping Restore Growth but Key Risks Ahead
April 25, 2011A new study finds that countries which sought financial support from the IMF in late 2008, after the failure of Lehman Brothers, are experiencing a return to growth. IMF financing helped countries stabilize their economies when their access to financial markets was seriously curtailed. IMF Survey Magazine
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Time to Short the Euro
April 20, 2011Over the last three months, the Euro has appreciated 10% against the Dollar and by smaller margins against a handful of other currencies. Over the last twelve months, that figure is closer to 20%. That’s in spite of anemic Eurozone GDP growth, serious fiscal issues, the increasing likelihood of one or more sovereign debt defaults, [...]
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Strong Growth for Asia with Risk of Overheating
April 17, 2011Economic growth in Asia is expected to slow to a more sustainable rate of nearly 7 percent in 2011—12, but new risks to the region have emerged including the growing danger of overheating, says the Director of the IMF’s Asia and Pacific Department, Anoop Singh. IMF Survey Magazine
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Restoring Growth Key Priority for Europe
April 3, 2011Europe needs a stronger focus on rebuilding competitiveness to restore growth and create new jobs, according to Antonio Borges, the IMF’s new Director for Europe. The policy agenda should be broadened much beyond fiscal consolidation, he said. IMF Survey Magazine
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Romania Poised For Growth
March 28, 2011The IMF’s Executive Board approved March 25 the final review of Romania’s IMF-supported program, and agreed to the country’s request for a new €3.6 billion Stand-By Arrangement, which will be precautionary in nature. As was the case with the expiring program, this new program will be supplemented by funds from the European Union (EU) and [...]
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What Does Japan Need For Growth?
August 26, 2010Kathy Lien, director of currency research at GFT, says as an export-dependent economy, Japan needs its trade partners to bounce back to stimulate its growth. She speaks to CNBC’s Martin Soong and Adam Bakhtiar.
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MARKET SENTIMENT TURNS NEGATIVE ON BERNANKE COMMENTS
July 22, 2010On Monday, Federal Reserve Chairman Ben Bernanke, delivered the Monetary Policy Report to Congress. The highlight of the report was the Chariman’
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Japan: Interest rate remains unchanged at 0.1% in July
July 15, 2010FXstreet.com (Córdoba) – The BoJ decided by unanimous vote to keep the cash rate unchanged at 0.1% as widely expected. The rate has remained at 0.1% since December 2008. “Japan’
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Crude prices settle lower on glum FOMC minutes
July 14, 2010FXstreet.com (Barcelona) – In light of a neutral supply report by the EIA, crude futures tracked sentiment over the equities market today and subsequently declined after the Fed revised growth prospects lower. Despite peaking above $78.00 earlier in the day on a weak US dollar, the front-month crude contract finished the session slightly below at [...]