U.S. services sector growth continues to be weak in June

Jun 28, 2016 05:39 am UTC| Commentary Economy

The U.S. services sector has remained subdued again in June given the data for the month. The activity growth continues to be marginal, while job growth has eased to its one-and-a-half year low. The seasonally adjusted...

South Korea cuts 2016 GDP growth forecast, plans to inject fiscal stimulus

Jun 28, 2016 05:39 am UTC| Commentary Economy

The South Korean government has slashed its gross domestic product forecast for this year and said it would prepare fiscal stimulus to support the lackluster economy. The announcement was made by the countrys Finance...

U.S. trade deficit widens in May, indicates weakness in certain areas of economy

Jun 28, 2016 05:08 am UTC| Commentary Economy

The U.S. trade deficit broadened more than economists projection in May. This might suggest likely indications of weakness in certain areas of the economy, according to certain economists. The trade shortfall in goods...

Danish trade surplus likely to be slightly lower in 2016, 2017

Jun 27, 2016 12:51 pm UTC| Commentary Economy

Denmark has been recording a decent current account surplus. This is partially due to quite a limited corporate investment appetite keeping imports low. But the sizeable surplus is also because of the countrys huge net...

South Korea’s headline inflation likely to have recovered modestly in June

Jun 27, 2016 12:12 pm UTC| Commentary Economy

South Korean headline CPI inflation is expected to have recovered modestly on a year-on-year basis. However, it is likely to continue to be at very low level below 1 percent, said Societe Generale in a research report. On...

Eurozone private sector loans edge higher in May despite Brexit reality

Jun 27, 2016 11:58 am UTC| Commentary Economy

Private sector loans edged higher in Eurozone for the month of May despite the United Kingdoms historic decision on June 23 to leave membership of the European Union. Though the data has been compiled before the UK voted...

Norges Bank likely to cut rates in H2 despite high inflation due to weaker growth outlook

Jun 27, 2016 11:53 am UTC| Commentary Central Banks Economy

The Norges Bank is depending on an expansionary monetary policy because of the weaker economic outlook. The central bank has cut its interest rate by 100 basis points to current 0 .5 percent since the end of 2014. The...