New Zealand’s GDP likely to grow modestly in near term at above-trend pace

Jul 08, 2016 11:30 am UTC| Commentary Economy

New Zealands economy continues to perform decently. The annual economic growth has quickened to 2.8 percent year-on-year. Also, forward looking indicators and financial conditions imply that economic growth would...

Polish economy likely to grow 3.1 pct in 2016 and 3.2 pct in 2017

Jul 08, 2016 10:48 am UTC| Commentary Economy Central Banks

Economic indicators of Poland have become weaker in the past quarter; however, they continue to be stable. The PMI has dropped to below 52 from around 54 in the first quarter. Meanwhile, uncertainty about demand from...

Canada’s economy to grow robustly in 2016, but wildfires to cause short term weakness

Jul 08, 2016 10:07 am UTC| Commentary Economy

The Canadian economy is likely to grow strongly around 1.5 percent for the whole of 2016 as the shortfall in oil production will be offset in the third quarter, noted Commerzbank in a research report. The economy is...

Subdued tourism and weak retail sales likely to hurt Hong Kong economy

Jul 08, 2016 09:37 am UTC| Commentary Economy

In the first quarter of 2016, Hong Kongs economy had contracted 0.4 percent on sequential basis and grew 0.8 percent on year-on-year basis. This was the first contraction since 2014 amidst weak retail sales and trade...

Hungary’s industrial output falls in June; Moody’s unlikely to change credit rating

Jul 08, 2016 08:59 am UTC| Commentary Economy

Hungarys June manufacturing data came in a tad weaker than anticipated. The nations industrial output declined 0.72 percent month-on-month following a surge of 5.4 percent in May. On an annual basis, output grew 4.2...

China’s CPI inflation likely to have slowed again in June on weaker food price growth

Jul 08, 2016 07:35 am UTC| Commentary Economy

Chinas headline CPI inflation is likely to have decelerated again in June due to weaker food price growth. According to a Societe Generale research report, the nations CPI inflation is expected to have slowed to 1.8...

Mexican economy continues to grow strongly; Banxico to hike rates to offset peso depreciation

Jul 08, 2016 07:21 am UTC| Commentary Economy Central Banks

The Mexican economy continues to grow at a stronger rate in a challenging environment. In the first quarter of this year, the growth accelerated to 2.6 percent year-on-year. Also, the economic growth accelerated further by...