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Showing 21 - 30 of 663 results for "GDP growth"

Economic recap: Week to July 30

BENJAMIN ONG  |  MONDAY, 2 AUG 2021
... from 1.1% in the previous one. The weighted median CPI inflation sped up to 1.7% from 1.3%. The advance estimate of US GDP growth and the Fed's July FOMC meeting took centre stage last week. The US Bureau of Economic Analysis (BEA) reported that ...

Chief economist update: Japan still waiting for the sun to rise

BENJAMIN ONG  |  MONDAY, 28 JUN 2021
The upward revision to Japan's March quarter GDP growth - to an annualised rate of 3.9% (from the preliminary estimate of 5.1%) - provides cold comfort to an economy that remains stuck in a rut and continues to reel from the coronavirus pandemic. ...

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
... sanguine forward guidance underpinned these positive reactions in the financial markets. For while the BOE upgraded its GDP growth forecast to 5.5% in the June quarter from the 4.25% estimated in May and forewarned that "CPI inflation is expected to ...

Chief economist update: Chinese activity indicators disappoint but growth target intact

BENJAMIN ONG  |  MONDAY, 21 JUN 2021
... National People's Congress (NPC) in Beijing on the 5th of March this year, Chinese premier Li Kequiang 2021's GDP growth target of over 6%. This compares with consensus expectations - market, the IMF and the OECD - for China's economy to ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... holding rates near zero." True that. The Fed's latest economic projections bear this out, upgrading this year's GDP growth to 7.0% from the 6.5% rate forecast in March, with the unemployment rate steadily improving from 4.5% this year to 3.8% ...

Chief economist update: Anchoring the recovery

BENJAMIN ONG  |  TUESDAY, 15 JUN 2021
... had significantly improved. So much so, that in its May Economic Outlook report, the OECD upgraded the Eurozone's GDP growth forecasts to 4.3% this year (from 3.6% its predicted in December 2020) and 4.4% in 2022 (from 3.3%). Although still in contraction ...

Chief economist update: A delicate balancing act

BENJAMIN ONG  |  FRIDAY, 4 JUN 2021
... OECD's upgrade to global growth. In its 'Economic Outlook, May 2021' report, the OECD upgraded its global GDP growth forecast to by 5.8% this year and by 4.4% in 2022. This compares with the 5.6% and 4.0%, respectively, it forecast in March ...

Chief economist update: RBA cash rate on ice until 2024

BENJAMIN ONG  |  WEDNESDAY, 2 JUN 2021
... Australia's economic recovery has been stronger than expected and would continue to do so. The RBA revised up its 2021 GDP growth forecast to 4.75% (from 3.5% predicted in its February statement). Only a day before, the OECD's 'Economic Outlook' ...

Chief economist update: The UK's going OK

BENJAMIN ONG  |  MONDAY, 31 MAY 2021
... bond purchases to £3.4 billion a week between May and August, from £4.4 billion based on revised estimates for GDP growth to expand by 7.25% -- the fastest rate since World War II - this year from the February 2021 estimate of 5.0% and for the ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
... 2021 on the back of weaker domestic consumption and poor tourist arrivals during the peak summer season, it predicts GDP growth to accelerate to 3.9% by late 2022 that, in turn, would turn the output gap from negative to a big positive. This is supported ...