Indian economy grows despite poor indicators: Danske Report

Jun 21, 2016 13:18 pm UTC| Commentary Economy

Indias economic growth appears to be quite strong on the surface with a growth of 7.9 percent in first quarter. But there are certain reasons that suggest this is too good to be true. For five years, car sales have been...

Polish economy likely to recover modestly in Q2 and to grow strongly in H2

Jun 21, 2016 12:22 pm UTC| Commentary Economy

Short-term indicators suggest a subdued scenario of Polands economy in the first half of 2016. In the first quarter, the Polish economy surprisingly shrank on sequential basis. Short-term indicators for the second quarter...

UK factory orders improve despite EU referendum looming closer

Jun 21, 2016 12:19 pm UTC| Commentary Economy

The United Kingdom factory orders for the month of June improved, strongly sidelining the European Union referendum, scheduled to take place this Thursday. Further, the improvement is the latest sign that a slowdown in the...

Chinese fiscal spending rises faster as downward pressure on the economy still persists

Jun 21, 2016 11:39 am UTC| Economy Commentary

In the aftermath of all the recent dataflow, we still see more targeted stimulus ahead. It is worth bearing in mind that fiscal spending picked up in May and this is going to continue as will the focus on infrastructure...

German investor sentiment rises on hopes of economic resilience; beats market consensus

Jun 21, 2016 11:21 am UTC| Commentary Economy

Germanys investor sentiments in June rose on hopes of economic resilience in the Eurozones largest economy, according to a survey by a private think tank, despite a weak global condition in thewake of Brexit referendum,...

CICC cuts China’s 2016 growth outlook on weak recovery in global growth

Jun 21, 2016 11:13 am UTC| Commentary Economy

China International Capital Corp (CICC), one of Chinas leading investment banking firms, cut its projection for the countrys 2016 economic growth to 6.7 percent from its earlier forecast of 6.9 percent. According CICC,...

European banks suffer setback in Q1 2016, still posit no disaster

Jun 21, 2016 11:02 am UTC| Economy Commentary

European banks suffered a setback during the first quarter of this year, as capital revenues continued to be hit by concerns about global economic growth and banks own business models. However, cost cutting amid decline in...