Briferendum Series

Briferendum Series: An out isn’t an out until it’s out

Jun 27, 2016 10:41 am UTC| Commentary

Last Friday British voters shocked the world by voting in favor of parting away with the European Union a day before. People of the United Kingdom voted by 51.9 percent in favor of moving out of the European Union, a...

Emerging Market Crisis Series

Brazil’s credit growth likely to have decelerated in May; trend to continue throughout 2016

Jun 27, 2016 10:05 am UTC| Commentary Economy

In 2016, Brazils outstanding credit has fallen in each month and is likely to have continued with the trend in May. Outstanding credit is expected to have dropped 0.1 percent m/m to BRL 3.140 billion, said Societe Generale...

Indian bonds climb as Brexit delay Fed rate hike

Jun 27, 2016 09:47 am UTC| Commentary

The Indian government bonds strengthened on Monday, following a recovery in the domestic currency and as chances of a Fed rate hike reduced after Britains exit from the European Union led to global financial market...

China Crisis Series

China’s fixed asset investment declines in May after rebounding in March

Jun 27, 2016 09:45 am UTC| Commentary

Fixed asset investment in China for the first five months of this year declined, dragged by significant faltering of investment growth in the month of May. Recent data flow suggests that Chinas growth momentum has started...

Outcome of EU referendum generates new risks for US economic outlook

Jun 27, 2016 09:31 am UTC| Insights & Views Economy Commentary

The British vote to leave the EU has rattled markets across the globe, dampening the already weak global growth outlook. Initial extreme moves during the UK trading session were pared back with a chorus of central bankers...

U.S. advance goods balance likely to have widened in May

Jun 27, 2016 09:27 am UTC| Commentary Economy

The U.S. advance goods balance in May is expected to have broadened by around USD 2 billion to -USD 59.8 billion, said Societe Generale in a research report. Exports of goods are likely to have changed slightly in May;...

Briferendum Series

Brexit to negatively impact EU short-term growth outlook

Jun 27, 2016 09:26 am UTC| Commentary Economy

The decision of UK to exit the European Union will adversely impact the short-term growth prospect of the EU through a direct effect on trade, increased uncertainty and tightening of monetary and financial conditions due...