BoK suggests rather disappointing growth considering the “fiscal cliff” in Q4 2014
Apr 22, 2015 06:55 am UTC| Commentary
Koreas Q1 2015 GDP growth is likely to be rather disappointing when we consider the normalization of government spending after the "fiscal cliff" in the previous quarter.The BoKs de facto flash estimate on Q1 GDP in its...
US existing home sales likely to rise to highest levels since December
Apr 22, 2015 06:52 am UTC| Commentary
Due to unseasonable cold weather US home resale activity stalled in recent months. Pending home sales suggest that resale activity increased in March.Pending sales rose by 3.1% mom in February. Accounting for lags and for...
Bank of England MPC minutes – another 9-0 vote
Apr 22, 2015 06:37 am UTC| Commentary
The April MPC meeting delivered the expected result of no change in policy. In the March meeting, the minutes reported that yet again, "two members regarded this months decision as finely balanced."In the period between...
South Korea Q1 GDP likely to have been subdued
Apr 22, 2015 05:52 am UTC| Commentary
South Korea will release Q1-2015 GDP data on 23 April. The weak growth momentum to have continued in Q1: domestic consumption was likely weak despite lower oil prices. Retail consumption increased by a mere 1.1% in the...
Taiwan industrial production likely to have slowed due to base effects
Apr 22, 2015 05:48 am UTC| Commentary
Taiwan is scheduled to release March industrial production (IP) data on 23 April. Weak export sales data during February-March and softer global oil prices were likely impacted production output negatively in...
BNM to keep rates on hold through most of 2015
Apr 22, 2015 05:18 am UTC| Commentary
Malaysias inflation rebounded to 0.9% y/y in March (February: 0.1%), in line with the consensus estimate of 0.9%. The key driver of higher prices was transport, as Ron 95 and diesel prices were revised up in March, taking...
Daily Economic Outlook: 22 April, 2015
Apr 22, 2015 05:13 am UTC| Commentary
The minutes of the BOEs April MPC meeting (0830 GMT) likely to show a fourth consecutive unanimous vote for unchanged policy. Despite BoE Chief Economist Andy Haldanes recent comments that further policy easing remained an...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight