Russian economy likely to remain in recession in 2016 as oil price outlook remains low

Mar 07, 2016 08:41 am UTC| Commentary

Russias economic outlook continues to be bleak because of the prospect of continuously low oil prices. Following the drop in commodities prices, with oil prices dropping to the lowest level in over a decade, Brent crude is...

Canada’s net exports likely to contribute favorably to economic growth

Mar 07, 2016 08:40 am UTC| Commentary

Canadas January trade deficit broadened to $655 million from Decembers $631 as imports grew 1.1%, whereas exports rose 1%. In real terms volumes of export grew 3.6%, while import volumes grew 1.6%. Growth in exports was...

Net trade likely to continue to drag on US economic growth in 2016

Mar 07, 2016 07:17 am UTC| Commentary

The international trade deficit of the US broadened to $45.7 billion in January 2016 from Decembers deficit of $44.7 billion. Exports, in nominal terms, dropped 2.1% for the fourth continuous month, whereas imports also...

Canada gains competitiveness in terms of unit labor costs, exports likely to be major source of growth in 2016

Mar 07, 2016 06:53 am UTC| Commentary Economy

Canadas labor productivity in Q4 2015 grew slightly by 0.1% after growing 0.4% in Q3 2015. Hours worked remained flat at 0.4% growth, whereas business-level GDP rose 0.1%. The growth in productivity was due to 0.4% growth...

US labor market conditions still strong but wage growth weak, Fed likely to resume hiking rates in June

Mar 07, 2016 06:32 am UTC| Commentary Economy

The US Fed is expected to resume raising interest rates in June as employment is increasing at a rapid pace and slack in labor market is contracting. There is absence of a noticeable rise in wage growth; however, it will...

Emerging Market Crisis Series

Growth in Brazil’s intermediate and capital goods may hint at import substitution process

Mar 07, 2016 05:47 am UTC| Commentary Economy

Brazils industrial output unexpectedly grew 0.4% m/m sa in January after declining 0.5% in December, improving the trend slightly. But it still shrank 3.7% 3m/3m sa from 4%. Industrial output, in annual basis, shrank 13.8%...

Russia’s headline inflation likely to slow further in March on base effects, but likely to accelerate in Q2

Mar 07, 2016 05:15 am UTC| Commentary

Russias inflation in February slowed sharply to 8.1% y/y from Januarys 9.8% y/y. Inflation decelerated mostly due to base effects as monthly inflation was 2.2% in February 2015 due to pass-through from a severe...