Economic Measures Recession

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  • Larry Summers: Why rates are low

    Lawrence Summers, Harvard University, shares his thoughts on what is likely keeping interest rates low.

  • Is a UK recession on the horizon?

    Morgan Stanley chief UK economist, Jacob Nell says if uncertainties surrounding U.K. politics continue to amplify, the U.K. will be heading into a recession by the end of 2016.

  • LONDON, June 28- Britain's vote to leave the European Union continued to reverberate through financial markets, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook. UK finance minister George Osborne said early Monday that the British economy was strong...

  • LONDON, June 27- Britain's vote last Thursday to leave the European Union continued to reverberate through financial markets on Monday, with the pound falling to its lowest level in 31 years, despite government attempts to relieve some of the confusion about the political and economic outlook. UK finance minister George Osborne said early Monday that the...

  • UK Recession

    the Brexit is unlikely to cause a global recession but there is contagion risk that other EU states could follow suit, says The Pain Report's Jonathan Pain.

  • June 26- Britain is likely to enter a recession within the year as a result of last week's vote to leave the European Union, a decision that will stunt global economic growth as well, Goldman Sachs' top economists said on Sunday. "We now expect the economy to enter a mild recession by early 2017," Goldman economist Jan Hatzius and Sven Jari Stehn wrote in a note for...

  • NEW YORK, June 24 (Reuters)- Argentina's annualized rate of inflation was likely 40 percent to 42 percent through May, but should begin slowing in June with a return to growth also on the horizon, Finance Minister Alfonso Prat-Gay said on Friday. Prat-Gay also said the upset caused by Brexit, Britain's vote on Thursday to exit from the European Union, came at a time of...

  • Storm clouds road ahead

    Friday’s hefty global equity losses may push the world economy into a contraction, the chief economist of an economics research firm said.

  • Americans will likely spend less than originally projected following the passage of Obamacare, according to a study by Urban Institute.

  • Stephen King, senior economic advisor at HSBC, says Brexit could hit sterling because the U.K. may struggle to fund its big current account deficit.

  • Pedestrians walk past the Bank of England (BOE) in the City of London, U.K.

    Severing ties to Europe may help Britons regain a sense of independence and better control over their nation's destiny. It's unlikely to help their economy, however.

  • WASHINGTON, June 17- The U.S. economy may only need one rate hike for as long as 2-1/ 2 years and the Federal Reserve is eroding its credibility by indicating otherwise, St. Louis Fed President James Bullard said on Friday in arguing for an overhaul of how the central bank views and discusses policy. Bullard called for the Fed to discard its practice of projecting...

  • WHITEHORSE, Yukon, June 15- Canadian growth is likely to be flat or slightly negative in the second quarter due to the impact of the Alberta wildfires before an outsized recovery takes hold in the third quarter, the Bank of Canada said on Wednesday. In a speech that served as an update to the central bank's most recent forecast in April, Governor Stephen Poloz said...

  • WHITEHORSE, Yukon, June 15- Canadian growth is likely to be flat or slightly negative in the second quarter due to the impact of the Alberta wildfires before an outsized recovery takes hold in the third quarter, the Bank of Canada said on Wednesday. In a speech that served as an update to the central bank's most recent forecast in April, Governor Stephen Poloz said...

  • NEW YORK, June 15- A small majority of Wall Street's top banks expect the Federal Reserve to raise interest rates no more than once this year, results of a Reuters poll showed Wednesday after the U.S. central bank left rates unchanged and cut its economic growth outlook. It was the fourth straight meeting the Fed has declined to raise rates after lifting them from...

  • MINSK, June 15- Belarus has fulfilled the basic criteria to qualify for new loans from the International Monetary Fund and expects it to start lending again after a six-year gap, a Belarussian Finance Ministry official told Reuters on Wednesday. The former Soviet republic has asked for $3 billion from the Fund to help refinance $3.3 billion in foreign loans...

  • *May new loans 985.5 bln yuan, vs f'cast 750 bln yuan. BEIJING, June 15- Chinese banks extended 985.5 billion yuan in new yuan loans in May, exceeding analysts' expectations and well above the previous month's levels, as the central bank keeps policy accommodative to support the slowing economy. The central bank has pledged to keep policy slightly loose to support...

  • *May new loans 985.5 bln yuan, vs f'cast 750 bln yuan. BEIJING, June 15- Chinese banks extended 985.5 billion yuan in new yuan loans in May, exceeding analysts' expectations and well above the previous month's levels, as the central bank keeps policy accommodative to support the slowing economy. The central bank has pledged to keep policy slightly loose to support...

  • Domestic demand contributed 6 percent of the growth, data from the Turkish Statistics Institute showed, but net external demand wiped off 1.5 percent, meaning Turkey is importing more than it exports, taking the shine off the headline figure. The year-on-year growth in gross domestic product came in slightly above a Reuters poll forecast of 4.5 percent,...

  • *Private payrolls increase 173,000 in May. WASHINGTON, June 2- U.S. private employers increased hiring in May and new applications for jobless benefits fell last week, further boosting the economic outlook for the second quarter. "Labor market conditions are stable, which is all the reassurance the Fed will need to act soon," said Paul Ashworth, chief U.S. economist...