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Economic Forecasting

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  • 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...

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

  • 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...

  • WASHINGTON— Federal Reserve Chair Janet Yellen said Friday she expects to begin raising interest rates later this year— if the job market improves and the Fed is confident inflation will climb closer toward its target rate. The Fed has kept its key benchmark rate at a record low near zero since December 2008. "I think it will be appropriate at some point this year to...

  • *Ctrip, Expedia hit record highs on stake sale deal. May 22- The S&P 500 and Dow fell in early afternoon trading on Friday, retreating from recent record highs, as investors await Federal Reserve Chair Janet Yellen's economic outlook for clues on the timing of a rate hike after new data showed a rise in inflation. "It will give the Fed greater confidence that inflation...

  • Trader on rate hike: Bring it!   Friday, 22 May 2015 | 12:02 PM ET
    Trader on rate hike: Bring it!

    The FMHR traders discuss strategy going in to a Federal Reserve rate hike.

  • *Core inflation at highest since January 2013. May 22- U.S. stocks fell in late morning trading on Friday, retreating from recent record highs, as investors await Federal Reserve Chair Janet Yellen's economic outlook for clues on the timing of a rate hike after new data showed a rise in inflation. "September is the most likely scenario and Yellen has been very keen on...

  • TAIPEI, May 22- Taiwan on Friday cut its 2015 full-year economic growth target and said exports will contract fall this year, citing weak demand for the island's products from China and other markets. Taiwan's worse-than-expected exports in recent months have provided further evidence that the recovery of global economies remains uncertain and demand for...

  • TOKYO, May 22- The Bank of Japan offered a slightly more upbeat view of the economy on Friday and its governor shrugged off the need for more monetary stimulus, dismissing market concerns that the recovery is too slow to accelerate inflation toward the bank's target. That followed data on Wednesday which showed Japan's economy expanded at the fastest pace in a...

  • *Vodafone shares gain, Richemont slips. European Central Bank President Mario Draghi and Bank of England Governor Mark Carney, along with other central bankers, will be addressing an ECB Forum in Portugal later in the day. Attention will also fall on Federal Reserve Chair Janet Yellen, who is due to speak on the U.S. economic outlook before the Greater Providence...

  • MEXICO CITY, May 21- Mexico's government on Thursday slashed its economic growth forecast to between 2.2 to 3.2 percent this year after data showed the economy grew at its slowest pace in over a year undermined by flagging oil revenue and weak U.S. growth. "The U.S. economy is expected to recover its dynamism during the year, which will strengthen Mexico's non-oil...

  • MOSCOW, May 21- The International Monetary Fund sees the Russian economy shrinking by 3.4 percent in 2015, a smaller contraction than previously forecast, but said the country's public finances faced big longer-term challenges because of low oil prices. Russia's economy was tipped into crisis last summer when an existing slowdown was compounded by a sharp...

  • IMF upgrades Russia growth outlook Thursday, 21 May 2015 | 10:31 AM ET

    MOSCOW— The International Monetary Fund predicts a less severe recession for Russia and says the country's economy will return to growth in a "mild recovery" next year. Following a recent staff visit to Russia, the IMF says in a statement that it now predicts a 3.4 percent contraction in GDP this year and says "growth should resume" in 2016.. On Thursday, the IMF did not...

  • MOSCOW, May 21- Russian Finance Minister Anton Siluanov said on Thursday that his ministry predicted the economy would contract by 2.5 percent this year, less than officially forecast, according to comments posted on the Finance Ministry's official Twitter account. On Monday, Russia's Economy Minister Alexei Ulyukayev also said he expected the economy to...

  • Why GDP numbers don't add up: Economist   Thursday, 21 May 2015 | 7:17 AM ET
    Why GDP numbers don't add up: Economist

    John Ryding, RDQ Economics, says there are better ways to measure economic growth than current measures used by the government.

  • Fixing GDP calculations   Thursday, 21 May 2015 | 7:14 AM ET
    Fixing GDP calculatons

    CNBC's Steve Liesman takes a look at how U.S. economic growth is measured and why changes are likely after "issues" surface about the data.

  • MOSCOW, May 21- Russian Finance Minister Anton Siluanov said on Thursday that his ministry predicted the economy would contract by 2.5 percent this year, according to comments posted on the Finance Ministry's official Twitter account.