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Economic Forecasting

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  • UPDATE 1-OECD raises Italy 2015 GDP forecast to 0.6 pct Thursday, 19 Feb 2015 | 8:12 AM ET

    *Warns market sentiment could turn on Italy. Italy has not posted a single quarter of growth since the middle of 2011.. The 114- page report on Italy's economy contained a 2015 growth forecast of 0.4 percent, but the OECD's head Angel Gurria told reporters at a presentation that the most recent developments had prompted an upward revision.

  • ASTANA, Feb 19- Kazakhstan sees industrial output falling by 0.3 percent this year, its worst level in 17 years, after a 0.2 percent rise in 2014, the National Economy Ministry said on Thursday. Kazakhstan, the second-largest post-Soviet oil producer after Russia, has been hit by plunging world oil prices and by an economic crisis in Russia, a close trading partner.

  • ASTANA, Feb 19- Kazakhstan's industrial output is forecast to fall by 0.3 percent this year after a 0.2 percent rise in 2014, National Economy Minister Yerbolat Dosayev said on Thursday.

  • Mexico's central bank lowers growth forecast Wednesday, 18 Feb 2015 | 3:50 PM ET

    MEXICO CITY— Mexico's central bank reduced its growth forecast for the economy citing a "less favorable" environment due to the drop in oil prices and a potential cut in oil production. The Bank of Mexico estimated that the gross domestic product could grow between 2.5 percent and 3.5 percent in 2015, a reduction from its earlier forecast of between 3 percent and...

  • LONDON, Feb 18- Sterling was the biggest mover on major currency markets on Wednesday, driven higher by the latest in a batch of more optimistic signals on Britain's economic prospects ahead of elections in May. In Europe, all eyes remained on Greece and the associated risks to the euro while the yen steadied after a jump driven by the Bank of Japan's confirmation...

  • MOSCOW, Feb 18- Russia's biggest Internet search engine Yandex said on Wednesday it expected first-quarter revenues to grow by about 15 percent, year-on-year, after a 21 percent growth rate in the previous quarter. The company, which is ahead of Google in Russia with a market share of about 60 percent, said its outlook was limited to quarterly guidance because of a...

  • *BOJ keeps massive stimulus intact. TOKYO, Feb 18- Bank of Japan Governor Haruhiko Kuroda said on Wednesday he saw no immediate need to expand monetary stimulus again with inflation heading up towards his 2 percent target-despite temporary pressure from slumping oil prices. Kuroda made the remarks after the BOJ, as widely expected, maintained its stimulus...

  • *Bank of Korea chief's cautious rhetoric lifts bonds. SEOUL, Feb 17- South Korea's central bank held interest rates steady on Tuesday, as expected, but cautious remarks by its governor about the economic outlook kept hopes alive for a rate cut soon, lifting bond futures. "Lee's remarks were generally neutral in terms of policy implications throughout the news...

  • *Gains coming though rate not' normal'- planning agency. BANGKOK, Feb 16- Thailand's economy capped a rough 2014 with disappointing fourth-quarter growth, which will put more pressure on the military junta to jack up spending to try to spur recovery. "Private sector activity is still facing headwinds from political uncertainty and a fragile outlook for exports,"...

  • *Gains coming though rate not' normal'- planning agency. BANGKOK, Feb 16- Thailand's economy capped a rough 2014 with disappointing fourth-quarter growth, which will put more pressure on the military junta to jack up spending to try to spur recovery. "Private sector activity is still facing headwinds from political uncertainty and a fragile outlook for exports,"...

  • BANGKOK, Feb 16- Thailand's planning agency on Monday maintained its economic growth forecast for 2015 at 3.5-4.5 percent but trimmed its export estimate for the year. In 2014, growth was 0.7 percent, the weakest since flood-hit 2011. The economy expanded 2.9 percent in 2013.. However, the National Economic and Social Development Board, which compiles gross...

  • *Q4 GDP up annualized 2.2 pct vs f'cast +3.7 pct. TOKYO, Feb 16- Japan's economy rebounded from recession to grow an annualized 2.2 percent in the final quarter of last year, giving a much-needed boost to premier Shinzo Abe's efforts to shake off decades of stagnation even as the global outlook deteriorates. Still, the return to growth will allow the Bank of Japan to...

  • CHICAGO, Feb 13- Craig Uden, who fattens cattle for beef on his Nebraska feedlot, expects to cut his energy costs by as much as a quarter this year because of falling oil prices- a silver lining in an otherwise tough rural economy. Midwest grains belt, oil's recent drop could save farmers more than $1.1 billion in 2015, cutting $8 from the roughly $600- per-acre...

  • KIEV, Feb 13- Ukraine's Finance Ministry expects to receive up to $15 billion from debt talks with creditors, who will have to take on some of the burden of a new bigger international bailout package aimed at shoring up its war-torn economy. A new $40 billion four-year funding package was unveiled on Wednesday for Ukraine, whose foreign currency reserves stood at...

  • NEW YORK, Feb 13- Economists trimmed their forecasts for U.S. economic growth in the first quarter but modestly raised their expectations for the balance of 2015 on a brighter outlook for the labor market. At the same time, forecasters slashed their outlook for inflation, illustrating the challenge ahead for the U.S. Federal Reserve as it pivots toward raising...

  • UPDATE 1-Interpublic warns of slower growth in 2015 Friday, 13 Feb 2015 | 8:11 AM ET

    Feb 13- Advertising company Interpublic Group of Cos Inc joined larger rival Omnicom Group Inc in warning that full-year revenue would be hit by a stronger dollar and economic uncertainty in some markets. Interpublic's fourth-quarter revenue, however, topped analysts' estimates, helped by higher ad spending by U.S. businesses. About 48 percent of...

  • *Policymakers eye rate, RRR cuts, weaker yuan to support growth. *Aim to keep economic growth around 7 percent this year. BEIJING, Feb 13- Chinese authorities will cut interest rates, increase liquidity and tolerate some currency weakness to ensure the economy grows around 7 percent this year, as they try to head off deflation and keep employment strong enough to...

  • Forecast-beating German GDP sends DAX to record high Friday, 13 Feb 2015 | 4:41 AM ET

    *ArcelorMittal rises as details on debt reassure. PARIS, Feb 13- European shares rose in early trading on Friday, with robust growth figures from Germany sending the country's blue-chip DAX index to a record high. National Bank of Greece was up 16 percent and Bank of Piraeus up 14 percent, while the leading ATG index gained 6.6 percent.

  • BEIJING, Feb 13- China's economy extended 1.47 trillion yuan in new loans in January, beating analysts' expectations in a lending surge not seen since mid-2009. Outstanding loan growth stood at 13.9 percent, the People's Bank of China said. However, analysts cautioned about reading too much into economic indicators for January alone, given the strong seasonal...

  • France up just 0.1 percent, expects better 2015. BERLIN/ PARIS, Feb 13- Germany's economy grew by a robust 0.7 percent in the last quarter of 2014, well above forecasts, while France continued to wallow, official data showed on Friday. Domestic demand lifted Germany out of its mid-year lull and allowed it to achieve 2014 growth of 1.6 percent.