Worrisome Signs Series: World trade suffers further setback in 2016
Mar 28, 2016 09:58 am UTC| Commentary Economy
According to data from CPB Netherlands Bureau of Economic Policy Analysis, global trade suffered further setback in January, to start the year, posing doubts, whether global economy can actually recover, without key...
Turkey’s economic growth to slow in 2016, lira likely to get support in short and medium term
Mar 28, 2016 09:54 am UTC| Commentary
A weaker lira has helped Turkeys macro indicators in early 2016. In Q3 2015, the nations GDP grew 4% y/y, as compared with 3.8% y/y in Q2. According to Danske Bank, the Turkish economic growth is likely to slow to 2.7% y/y...
BRICS bank to issue first debt instrument in Q2
Mar 28, 2016 09:36 am UTC| Commentary
The five-nation BRICS bank has announced that they will soon issue around 3-5 billion ($460-767 million) of yuan in bonds in China in the second quarter of this year. Also, New Development bank is planning to raise nearly...
Brazil’s private consumption and investment to decline further in coming quarters
Mar 28, 2016 09:28 am UTC| Commentary
Brazils economy contracted 6% y/y in the fourth quarter of 2015, facing its deepest recession since 1930s. Meanwhile, the countrys political system is being immobilized by the prevalent corruption scandal. This is...
Mexican economy likely expanding at a pace close to trend
Mar 28, 2016 08:47 am UTC| Commentary
In January, Mexicos manufacturing sector recorded the slowest growth pace since May 2015. It appears to be heading towards an ordinary year unless demand growth in the US improves. Still, industrial production in January...
Norway’s high inflation likely to be temporary as wage growth appears subdued in 2016
Mar 28, 2016 08:45 am UTC| Commentary
The current high inflation in Norway is mainly due to weak NOK in 2015. CPI stood at 3.1%, while core inflation was at 3.4%. The present level of inflation is more than expectations. However, the high inflation is likely...
Indian bond yields fall on expectation of lower lending rate
Mar 28, 2016 08:45 am UTC| Commentary
The 10-year Indian bond yields declined -0.05% on Monday as the governments move to cut the small savings rate by 0.6% to 1.3%. Moreover, the Reserve Bank of India is also expected to cut interest rates by at least 0.25%...