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Economic Forecasting

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  • 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.

  • TOKYO, Feb 13- Inflation in Japan is forecast to slow further in coming quarters pressured by the collapse in crude oil prices, but the Bank of Japan is set to sit tight for now as it assesses the broad impact of the oil slump on consumption and prices. But a patient approach will give the BOJ more time to assess the impacts of a wave of monetary policy easings around the...

  • *Greece gets assistance from ECB for banks. NEW YORK, Feb 12- The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data, although its outlook remained upbeat as many investors continued to price in an interest rate hike by the Federal Reserve sometime this year. In late New York trading, the dollar index was down 0.9 percent at...

  • FOREX-Dollar slides on soft U.S. data; euro gets relief Thursday, 12 Feb 2015 | 10:51 AM ET

    *Greece gets assistance from ECB for banks. NEW YORK, Feb 12- The dollar dropped across the board on Thursday after weaker-than-expected U.S. economic data, although its outlook remained upbeat as many investors continued to price in an interest rate hike by the Federal Reserve some time this year. "There's obviously disappointment over the weak headline...

  • *Policy rate steady at 4.0 pct for third meeting in a row. MANILA, Feb 12- The Philippine central bank left its benchmark interest rate on hold on Thursday, as expected, and signalled it can stay on the sidelines for some time, with the country in a sweet spot with low inflation and strong growth. "The Monetary Board is of the view that the within-target inflation outlook...

  • U.S. business lobby survey warns of China protectionism Wednesday, 11 Feb 2015 | 1:57 AM ET

    Fifty-seven percent of the 477 respondents included in an annual survey by the American Chamber of Commerce in China said they believed recent government investigations "singled out" foreign companies. "There are concerns that China will take an approach, that when the economy slows down, they become more protectionist," Chamber chairman James Zimmerman told...

  • DIARY- Top Economic Events to Feb 24 Tuesday, 10 Feb 2015 | 7:01 PM ET

    LONDON- Bank of Japan policy board member Takehiro Sato speaks at the Japan Securities Summit 2015 on the outlook for the Japanese economy- 1410 GMT. NEW YORK- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Monetary Policy and a Reflection on 10 Years at the Fed" before the Economic Club of New York- 1300 GMT. PARIS- European Central Bank board...

  • LIMA, Feb 10- Peru's central bank will likely hold its benchmark interest rate at 3.25 percent on Thursday as it expects economic growth to rebound and the currency to continue weakening, a majority of analysts polled by Reuters said. The sol, which weakened by more than 6 percent last year, closed at a new low in nearly six years on Tuesday despite the central bank's...

  • U.S. small business sentiment retreats in January Tuesday, 10 Feb 2015 | 9:00 AM ET

    WASHINGTON, Feb 10- U.S. small business optimism fell in January amid worries over the near-term outlook, but a strengthening labor market should keep the economy on solid ground early in the year. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index fell 2.5 points to 97.9 last month, reversing December's gains,...

  • OTTAWA, Feb 10- The oil price shock has been front and center at meetings of the Group of 20 leading economies, Bank of Canada Governor Stephen Poloz said on Tuesday, but nothing he has heard at the talks so far has changed his economic outlook. Speaking in an interview with Reuters and another news outlet, Poloz also rejected the notion that he has been purposefully...

  • POLOZ: NOTHING HE'S HEARD AT G20 TALKS CHANGES BOC'S ECONOMIC OUTLOOK.

  • ISTANBUL, Feb 10- The United States urged a meeting of the Group of 20 leading economies not to resort to currency devaluations to boost exports, while a draft communique gave a gloomy assessment on Tuesday of the outlook for global growth. The meeting of finance ministers and central bankers in Istanbul comes at a difficult time, with major economies running at...

  • BEIJING, Feb 10- China's consumer inflation slowed to a worse-than-expected rate of 0.8 percent in January, reinforcing signs of persistent weakness in the economy and broadening the scope for further stimulus steps by the central bank to ward off deflationary risks. The producer price index also missed forecasts, dropping 4.3 percent, the National Bureau of...

  • MOSCOW, Feb 9- Russian car sales are expected to decline by 25-35 percent this year, accounting firm PricewaterhouseCoopers said on Monday, hit by a sharp economic slowdown and devaluation of the rouble. Russia, a country with 143 million people, has been a booming market for car producers since the fall of the Soviet Union. But with the economy heading for...

  • SHANGHAI Feb 8- China's exports fell 3.3 percent in January from a year earlier, while imports fell 19.9 percent, disappointing analyst expectations. That left the country with a trade surplus of $60 billion for the month, the Customs Administration said on Sunday. Analysts polled by Reuters had expected to exports to rise by 6.3 percent, and predicted imports...

  • UPDATE 1-Central bank raises Italy growth forecasts Saturday, 7 Feb 2015 | 8:11 AM ET

    *Italy growth above 0.5 pct in 2015, above 1.5 pct in 2016- BOI. MILAN, Feb 7- The Italian economy is expected to grow more than previously forecast this year and the next as a result of the European Central Bank's bond buying programme, Bank of Italy Governor Ignazio Visco said on Saturday. Meanwhile, the European Commission said this week Italy would grow by 0.6...