UK economy growing faster than expected, but deficit high
The UK economy is growing faster than expected, in spite of fears that underlying weaknesses still linger.
According to the Office for National Statistics, UK...
European Union credit rating slips from AAA
European Union credit rating with Standard and Poor’s slipped from AAA to AA+. After taking into account the deteriorating creditworthiness of several EU Member...
State personal income slowed in Q3 2013, USA
State personal income slowed down to 1.1% in Q3 2013, compared to 1.2% in Q2 2013, according to estimates published by the US Bureau...
US Leading Economic Index rose in November
The US Leading Economic Index rose to 98.3 in November (2004 = 100), an increase of 0.8% from October, which had increased by 1%...
Stimulus program taper to start in January
While the stimulus program taper starts in January, very low interest rates are here to stay for a very long while, the US Federal...
Tax revenues increase across OECD
Tax revenues continue to rise across the OECD (Organization for Economic Co-operation and Development) from the low levels reported during the height of the...
US current account deficit 4-year record low
The US current account deficit for the third quarter of 2013 was $94.8 billion, a 4-year record low, according to figures published by the...
Eurozone economic recovery lopsided
Although the Eurozone economic recovery continues, Markit’s latest PMI (Purchasing Managers’ Index) for December shows a wide difference between the two largest economies, France...
December Chinese manufacturing slips to three month low
December Chinese manufacturing slipped to 50.5 compared to 50.8 November, according to a new HSBC/Markit Flash China Manufacturing PMI (Purchasing Managers’ Index) released to today.
The...
The troubled euro – dismantle it or reverse policy, says economist
The troubled euro should either be dismantled in an orderly way or economic policy must be dramatically reversed to promote economic growth and create...