US economy growth was stronger than expected in the fourth quarter of 2016. It reached 2.1%, according to Commerce Department statistics. Economist Gus Faucher attributes the rise to increased consumer spending, prompted by higher employment […]
Despite corporate woes and political turmoil, South Korea’s GDP grew more than expected in Q4, expanding 0.5% from the previous quarter and 2.4% year-on-year. Meanwhile, North Korea has carried out another test of a rocket […]
Japan GDP rose an annualized 1% in the fourth quarter, supported by a weak yen that helped exporters. Domestic demand was also weak. Source: Reuters (12 Feb 2017) Read more about Financial & Economic News […]
The European Commission issued a cautiously optimistic economic outlook. It is raising its 2017 eurozone growth forecast to 1.6% from 1.5%. At the same time, Economic Affairs Commissioner Pierre Moscovici said Europe must be prepared […]
The Bank of Japan upgraded its economic forecast but decided not to make any changes to its monetary policy. A modest recovery is gaining momentum, and export sales are strengthening, the central bank said. Bloomberg […]
Australia downgraded its growth forecasts overnight and predicted larger than expected budget deficits over the next four years, heightening concerns the country could lose its AAA credit rating. The resources-driven economy has enjoyed more than […]
The German economy is expected to have recovered more strongly than expected in the final quarter of 2016, with a rise in industrial orders and several surveys reporting market confidence, according to the Ifo Institute. […]
A survey of local economists by the Monetary Authority of Singapore shows a widespread expectation that GDP will grow 1.4% this year, falling short of the targeted 1.8%, along with a worse-than-predicted decline in non-oil […]
Turkey’s GDP in the third quarter dropped 1.8%, according to official data released Monday. An unsuccessful coup and continued political uncertainty have contributed to the sputtering economy, which is at a seven-year low. Deutsche Welle […]
Japan cut its third-quarter GDP expansion to 1.3% from a preliminary estimate of 2.2%. The Cabinet Office said capital investment took a big drop as businesses drew down inventories, rather than buy products. Reuters (08 […]
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