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Economic Forecasting

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  • *U.S. first-quarter GDP shrinks at 0.7 pct annual rate. NEW YORK, May 29- U.S. "The market simply doesn't believe the data will be strong enough to let the Fed this year," said Aaron Kohli, interest rate strategist at BNP Paribas in New York.

  • BEIJING, May 29- China's central bank said on Friday it wants to see a "healthy" stock market, a day after surging Chinese shares slumped 6 percent in record trading volume as investors fled tighter borrowing rules. In its 2015 financial stability report, the People's Bank of China warned of a slowing economy and rising debt levels, but repeated its vow to deepen...

  • TOKYO— Japanese data on Friday showed a mixed outlook for the world's third-largest economy while a renewed decline in the value of the yen is adding to uncertainty over whether the recovery is gaining ground. By some measures, Japan's economy is on the upswing as share prices surge thanks to exporters profiting from the weak yen. Japan's jobless rate dropped to...

  • BOGOTA, May 28- Colombian President Juan Manuel Santos unveiled a package of measures on Thursday aimed at stoking the Andean nation's economy as weaker oil prices and slower investment forced the government to revise down its growth outlook. The so-called PIPE 2.0 program to boost productivity and employment comes after a similar stimulus effort in April...

  • WASHINGTON, May 28- Contracts to buy previously owned U.S. homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market and the overall economy. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, increased 3.4 percent to 112.4, the highest level since May...

  • Huge drop in West Virginia coal production forecast Thursday, 28 May 2015 | 11:02 AM ET

    CHARLESTON, W.Va.— West Virginia University researchers predict that state coal production will drop 39 percent compared with the industry's last high point in 2008— less-than-encouraging news for more than 1,800 coal miners who learned last week they would likely lose their jobs. The report rattles off a combination of familiar economic, geological and...

  • Rate hike spurs economic growth: Pro   Thursday, 28 May 2015 | 10:40 AM ET
    Rate hike spurs economic growth: Pro

    Discussing the path for economic growth, with Jurrien Timmer, Fidelity Investments, and Drew Matus, UBS. Matus believes the Fed will hike twice this year.

  • LONDON, May 28- The European Central Bank said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could damage the euro zone's recovery. In its twice-yearly Financial Stability Review, the ECB also said risks from Greece for the euro zone's governments...

  • SINGAPORE, May 28- San Francisco Fed President John Williams said on Thursday the Fed was likely to raise interest rates later this year, adding that he expects above-trend U.S. growth for the rest of 2015 after a weak first quarter. Asked by reporters in Singapore about the possible timing of a U.S. rate hike, Williams said the subject is "on the table" at every meeting...

  • SINGAPORE, May 28- San Francisco Fed President John Williams said on Thursday he expects above-trend economic growth in the United States for the rest of the year after a weak first quarter. Williams told reporters in Singapore that the weak economic growth in the first quarter was an "anomaly" affected by factors such as the weather. He was speaking to reporters...

  • OTTAWA, May 27- The Bank of Canada held its key interest rate at 0.75 percent on Wednesday, largely shrugging off a weak U.S. economy in the first quarter, and said solid U.S. growth this quarter should help Canadian exports and business investment. The market had widely expected bank Governor Stephen Poloz to keep the benchmark rate steady, but some analysts had...

  • BEIJING, May 27- China's central bank warned of deflationary pressure in the world's second-largest economy on Wednesday as it forecast subdued consumer prices for the year and a challenging growth outlook. But the People's Bank of China also tried to allay concerns about China's stuttering economy, saying it can expand around 7 percent this year, in line with...

  • *Former Fed chief Bernanke says China slowdown necessary. SEOUL, May 27- Former Federal Reserve Chairman Ben Bernanke said that China's economic slowdown should not worry markets as there was no risk of a hard landing, and emphasised that a move to raise U.S. rates should be viewed as a positive sign for the world's largest economy. Bernanke, who participated in an...

  • *Copper seen climbing to $6,350 near term as supply supports- UBS. Copper is getting little help from the lacklustre economic outlook in top consumer China. "Even if you get some early signs which show you some improvement... the macro story in China doesn't look good," said analyst Dominic Schnider of UBS Wealth Management in Hong Kong.

  • COPENHAGEN, May 26- Danish Prime Minister Helle Thorning-Schmidt on Tuesday promised a spending package worth the equivalent of $5.7 billion and declared the economic crisis over, fueling speculation she is about to call a national election. The bullish announcements came just 6 months year after Denmark had to halve its 2014 growth outlook as its...

  • *IMF expects China growth of 6.8 pct this year. BEIJING, May 26- China's yuan currency is no longer undervalued after its recent gains, but the government should quicken reforms to get to having "a floating exchange rate", the International Monetary Fund said on Tuesday. In a reference to how China still has a large trade surplus, despite a stronger yuan, the IMF said...

  • *IMF expects China growth of 6.8 pct this year. BEIJING, May 26- China's yuan currency is no longer undervalued after its recent substantial appreciation, but the government should quicken reforms to get to having "a floating exchange rate", the International Monetary Fund said on Tuesday. In a reference to how China still has a large trade surplus, despite yuan...

  • BANGKOK, May 26- Thai exports fell less than expected in April, but the fourth straight month of declining shipments shows the country's key growth engine still cannot push the struggling economy ahead. Santitarn Sathirathai, senior economist at Credit Suisse in Singapore, said trade headwinds are "somewhat dissipating" and the April data showed tentative...

  • TOKYO, May 22- The International Monetary Fund warned the Bank of Japan will take longer than it expects to hit its inflation target even with more monetary easing, and said "bolder" structural reforms are required to shake off an entrenched deflationary mindset. In a statement after "Article 4" consultations with Japanese policymakers released on Friday, the IMF...

  • IMF: IT WILL TAKE LONGER THAN BOJ EXPECTS FOR JAPAN TO HIT 2 PCT INFLATION EVEN WITH FURTHER EASING.