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Economic Forecasting

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  • FRANKFURT, April 15- The European Central Bank has no plans to curb or curtail its money-printing program although it expects euro zone economic recovery to broaden and strengthen. Last month the ECB embarked on an asset-buying program with 60 billion euros a month of news money, which it has said will last until at least September 2016. "Purchases are intended to...

  • UPDATE 1-OECD says BOJ has done enough, warns of QQE risks Wednesday, 15 Apr 2015 | 12:48 AM ET

    *Yen will rise long-term if Japan revives economy-Gurria. TOKYO, April 15- Japan must be mindful of the risks of its massive monetary stimulus and speed up much-needed structural reforms to revive the economy, the OECD said on Wednesday, warning of delays in their implementation. "The first arrow is working, but there are limits," Gurria told reporters after issuing...

  • BEIJING, April 15- China's economy grew 7.0 percent in the first quarter, as expected but still its slowest rate in six years, reinforcing bets that policymakers will take more steps to bolster growth. Economists polled by Reuters had expected China's gross domestic product to rise 7.0 percent in January-March compared with a year ago. YAO XUEKANG, ANALYST,...

  • BEIJING, April 15- China's economy grew 7.0 percent in the first quarter, as expected but still its slowest rate in six years, reinforcing bets that policymakers will take more steps to bolster growth. Economists polled by Reuters had expected China's gross domestic product to rise 7.0 percent in January-March compared with a year ago. NIE WEN, ANALYST, HWABAO...

  • SEOUL, April 15- Exports in South Korea are expected to continue falling for the time being due to negative impacts from low global oil prices, the country's trade ministry said on Wednesday. The ministry expects total trade value in 2015 to top $1 trillion but to be less than last year's $1.1 trillion. The Bank of Korea, expecting weak growth to continue, in March...

  • FOREX-Dollar slides on U.S. retail sales, IMF outlook Tuesday, 14 Apr 2015 | 3:16 PM ET

    NEW YORK, April 14- The dollar tumbled on Tuesday, after five straight days of gains, as investors took advantage of weaker-than-expected U.S. retail sales to lighten hefty positions on the greenback that had built up due to expectations of an impending rate increase. The yen, meanwhile, gained broadly, hitting a two-year high against the euro after an economic...

  • NEW YORK, April 14- The U.S. dollar tumbled on Tuesday, weighed down by mixed retail sales data and economic growth predictions, while crude rose after a surprise drop in forecasts for U.S. shale oil production. A lower full-year earnings forecast from Johnson& Johnson due to the impact of dollar strength kept gains in check. "Expectations are low, primarily because...

  • NEW YORK, April 14- The dollar sank on Tuesday after March U.S. retail sales data, while the strongest in a year, came in below expectations, triggering a sell-off that pulled the greenback down from the prior week's strong gains. At the same time, a second blow to the U.S. economic outlook came from the International Monetary Fund. "I wouldn't be surprised if people...

  • WASHINGTON, April 14- The International Monetary Fund highlighted an increasing divergence in the growth paths of the world's major economies this year, as a pick-up in the euro zone and India is expected to be offset by diminished prospects in other key emerging markets. In its flagship World Economic Outlook, the Washington- based institution kept its...

  • GENEVA, April 14- Global goods trade will grow by 3.3 percent this year and by 4.0 percent in 2016, less than previously forecast, mainly due to sluggish economic growth, the World Trade Organization said on Tuesday. "We expect trade to continue its slow recovery but with economic growth still fragile and continued geopolitical tensions, this trend could easily...

  • *FX reserves fall by $110 bln in Q1. BEIJING, April 14- Chinese banks made 1.18 trillion yuan worth of new loans in March, beating expectations, as the authorities ramped up efforts to avert a slowdown in economic growth while lenders cut their exposure to the risky shadow financing. Economists polled by Reuters had expected new local-currency loans at 1.03...

  • GENEVA, April 14- Global goods trade will grow by 3.3 percent this year and by 4.0 percent in 2016, less than previously forecast, mainly due to sluggish economic growth, the World Trade Organization said on Tuesday. "We expect trade to continue its slow recovery but with economic growth still fragile and continued geopolitical tensions, this trend could easily...

  • WTO CHIEF ECONOMIST SAYS WTO USES IMF GDP FORECASTS, DOES NOT EXPECT ANY REVISION TO WTO FIGURES FROM IMF'S NEW GDP NUMBERS LATER ON TUESDAY WHICH WILL BE "IN THE SAME BALLPARK".

  • *FX reserves fall by $110 bln in Q1. BEIJING, April 14- Chinese banks made 1.18 trillion yuan worth of new loans in March, beating market expectations, as the authorities ramped up efforts to avert a sharper economic slowdown. Economists polled by Reuters had expected new local-currency loans at 1.03 trillion yuan in March, compared with 1.02 trillion yuan in...

  • Northeast this past winter could shave 1 to 1.6 percentage points off first quarter same-store sales of Dunkin Brands Group Inc, said Nick Setyan, a senior vice president of equity research at Wedbush Securities in Los Angeles. Weather will have an impact on the U.S. economy as a whole- Goldman Sachs cut its first-quarter GDP outlook by 0.2 percentage points in...

  • *Risks of moving too soon and too late seen as more balanced. SAN FRANCISCO, April 13- As the U.S. job market improves, the risk is receding that an unexpected setback could derail the recovery once the Federal Reserve raises interest rates, San Francisco Fed President John Williams told Reuters. "As we go through time, that probability of saying' well, the shocks are...

  • BEIJING, April 13- China's March exports badly missed expectations, falling 15 percent from a year earlier in dollar-denominated terms, while imports fell by 12.7 percent. CAO YANG, AN ANALYST AT PUDONG DEVELOPMENT BANK IN SHANGHAI. YAO XUEKANG, ANALYST AT ESSENCE SECURITIES, BEIJING.

  • *Japan Inc, wary of outlook, cautious about boosting spending. TOKYO, April 13- Japan's core machinery orders fell for a second straight month in February in a sign that business investment remains soft, and analysts say the smaller-than-expected decline won't necessarily allow policymakers to relax given an uncertain economic outlook.

  • INSTANT VIEW-China's March exports badly miss forecast Sunday, 12 Apr 2015 | 10:40 PM ET

    ANDREW POLK, RESIDENT ECONOMIST, THE CONFERENCE BOARD IN BEIJING. The Chinese yuan was down 0.12 percent to 6.2157 per dollar, more than two-week low, at 0237 GMT. --China grew its trade sector by 3.4 percent in 2014, missing the government's growth target of 7.5 percent by more than half.

  • BEIJING April 13- China's March exports badly missed expectations, falling 15 percent from a year earlier in dollar-denominated terms, while imports fell by 12.7 percent. That left the country with a trade surplus of $3.08 billion for the month, the General Administration of Customs said on Monday. Analysts polled by Reuters had expected exports to rise by 12.0...