World economic forecast 2014
In its world economic forecast for 2014, Oxford Economics has made ten predictions, among them that GDP (gross domestic product) in the US will...
EU corruption ‘breathtaking’
A report by the European Commission says EU corruption is costing the economic bloc’s economy at least €120 billion ($162 billion) each year.
More than...
Personal spending increased but not income, US
While personal spending increased in December in the US, personal income remained virtually unchanged, says a new report issued by the Department of Commerce.
Personal...
Japanese inflation 1.3% in December
Japanese inflation rose to (annualized) 1.3% in December, according to Statistics Japan, higher than forecasts and signaling perhaps that Prime Minister Shinzō Abe’s policies,...
Eurozone deflation fears grow
Eurozone deflation fears increased today after Eurostat, the European Union’s statistical agency, published figures showing that inflation dropped to 0.7% in January, compared to...
US economic forecast 2014, stronger growth
The US economic forecast for 2014 has been revised upward by The Conference Board of Canada in a new report US Outlook: Winter 2014.
The...
US GDP grew 3.2% during Q4 2013, and accelerated since then
The Department of Commerce informed today that US GDP grew by 3.2% in the last quarter of 2013.
It added that economic activity has accelerated...
Fed bond buying reduced to $65 billion per month
The Federal Open Market Committee (FOMC), the Federal Reserve’s policy-making committee, says today that it will reduce its bond purchases in February from the...
UK GDP grew 1.9% in 2013, a six-year record
In 2013, the UK GDP grew by 1.9%, its fastest growth since 2007, but economic output is still 1.3% short of its level in...
Turkish lira falls sharply, emergency meeting called
The Turkish lira has fallen steeply against the dollar and euro today, triggering a call for an emergency meeting of the country’s central bank’s...