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Economic Forecasting

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  • TOKYO, April 24- Inflation is anticipated to reach barely half the rate that the Bank of Japan expects for this fiscal year and next, a Reuters poll has found, emphasizing the degree of difficulty seen in achieiving the ambitious price target. Analysts in the survey appeared skeptical of the BOJ's rosy inflation outlook and Governor Haruhiko Kuroda's bullish...

  • But Reuters polls of more than 250 economists across Europe and North America show only modest upgrades to growth forecasts and a reluctance to relinquish a depressed inflation view, despite the rush of rate cuts and central bank cash that most respondents believe is far from over. Germany's DAX index has rallied more than 20 percent since the start of the year...

  • BERLIN, April 22- The German government raised its economic growth forecasts to 1.8 percent for this year and next on Wednesday as Germany rides high on a tide of strong private consumption thanks to rising employment, bigger paychecks and cheap oil. Back in January Berlin had estimated that Europe's biggest economy would expand by 1.5 percent in 2015 and by 1.6...

  • BERLIN— The German government says it expects the country's economy to grow by 1.8 percent this year, an improvement on its January forecast of 1.5 percent. Economy Minister Sigmar Gabriel says growth in 2016 is predicted to also reach 1.8 percent, up from the 1.6 percent previously predicted. Gabriel told reporters in Berlin on Wednesday that the government...

  • TOKYO, April 22- The Bank of Japan is expected to hold off on expanding monetary stimulus at next week's rate review even though the central bank is likely to trim its inflation forecast for this fiscal year, said sources familiar with its thinking. In a twice-yearly review of its forecasts on April 30, the BOJ is seen slightly downgrading its core consumer...

  • TOKYO, April 22- The Bank of Japan is expected to hold off on expanding monetary stimulus next week even though the bank is likely to slightly reduce its inflation forecast for this fiscal year, said sources familiar with its thinking. In a semiannual outlook report due at a rate review on April 30, the central bank is seen slightly downgrading its core consumer...

  • TOKYO, April 22- The Bank of Japan is likely to cut its inflation outlook for the current fiscal year next week, but will forecast price growth to roughly reach 2 percent in the following two years, sources said, underscoring the BOJ's conviction that a steady recovery will keep the economy on track to hit the target. Many BOJ policymakers prefer to hold off on...

  • WASHINGTON— U.S. businesses expect their sales will rebound in the next three months after a sluggish first quarter, and they also plan to boost hiring and pay, according to a survey released Monday. "Growth in the first quarter appears to be an outlier within the broader economic outlook," said John Silvia, chief economist at Wells Fargo. Silvia is also president of...

  • Germany to raise growth forecasts next week - sources Saturday, 18 Apr 2015 | 7:04 AM ET

    BERLIN, April 18- The German government is on the verge of raising its growth forecasts for this year and next, but its new projections will be more conservative than those published by leading economic institutes earlier this week, two government sources told Reuters. Berlin is currently forecasting growth of 1.5 percent this year and of 1.6 percent in 2016..

  • WASHINGTON, April 17- The Group of 20 leading economies on Friday said risks to the global economy had diminished with improved growth prospects in rich nations, but it warned of challenges from exchange rate volatility and geopolitical tensions to low inflation. "Risks to the global economy are more balanced since we last met," G20 finance ministers and central...

  • Four stocks set to fall: JEC, SE, SLB & LYB   Friday, 17 Apr 2015 | 1:37 PM ET
    Four stocks set to fall: JEC, SE, SLB & LYB

    CNBC's Dominic Chu looks at four stocks that could be due for a pullback: Jacobs Engineering Group, Spectra Energy Corp, Schlumberger and LyondellBasell Industries.

  • *Britain's Osborne says Greece casts gloom over finance meetings. WASHINGTON, April 17- The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday even as officials fretted that Athen's inability to strike a deal with its lenders could upset Europe's tentative recovery. While Greece was not mentioned by name in the...

  • Fed's Fischer sees first U.S. rate hike this year Thursday, 16 Apr 2015 | 4:28 PM ET

    WASHINGTON, April 16- The U.S. economy will probably strengthen enough for the Federal Reserve to raise interest rates this year, Fed Vice Chair Stanley Fischer said on Thursday.

  • NEW YORK, April 16- Most U.S. Treasury yields fell modestly on Thursday after a choppy trading day as investors grappled with mixed data on the U.S. economy and concerns about Greece's standoff with its creditors. "Everyone has gotten so bearish on the economy, the risk is now to the upside," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New...

  • MOSCOW, April 16- President Vladimir Putin said on Thursday Russia's economy could return to growth in less than two years, despite Western sanctions which he said were intended to "contain" his country. In a confident performance during a televised call-in show, Putin sounded defiant and patriotic, assuring viewers that Russia will survive an economic crisis...

  • Putin sees return to growth in Russia in under 2 years Thursday, 16 Apr 2015 | 5:57 AM ET

    MOSCOW, April 16- President Vladimir Putin said on Thursday Russia's economy could return to growth in less than two years, even though he considers it unlikely that the West will lift economic sanctions over the Ukraine crisis soon. Sitting at a desk in a television studio in front of rows of telephone operators taking calls from viewers, Putin said the...

  • ECB survey of experts paints brighter euro zone outlook Thursday, 16 Apr 2015 | 4:53 AM ET

    FRANKFURT, April 16- Economists and other experts surveyed by the European Central Bank pared back their predictions on Thursday for inflation to just above zero for this year as oil prices stay low, but expect it will pick up strongly in 2016 and beyond thanks to fresh money printing. The low value of the euro, a trend that is helping exporters, and the roll out of the...

  • NEW YORK, April 15- The U.S. dollar rebounded against the euro on Wednesday after the European Central Bank reiterated its dovish stance on monetary policy, though weaker-than-expected U.S. economic data limited the dollar's advance. The European Central Bank has no plans to curb or curtail its money-printing program, although it expects the euro zone...

  • OTTAWA, April 15- The Bank of Canada held its benchmark interest rate steady on Wednesday, saying the economy will pick up as non-energy exports and labor markets strengthen even though the oil price crash probably cut economic growth to zero in the first quarter. A considerable easing in financial conditions largely due to the bank's surprise interest rate...

  • ISTANBUL, April 15- The Turkish lira slid to a new record low on Wednesday on rising investor fears about political uncertainty after a June 7 parliamentary election, but the economy minister warned against intervention, saying the currency would find its own level. Economy Minister Nihat Zeybekci and Finance Minister Mehmet Simsek also sought to boost...