Deeper Analysis
Great Recession Restored Pre-1999 U.S.-Minus-Ezone Growth Differential
February 25, 2014
The EU Commission’s 2014 Forecast, which was released earlier today, projects growth in the euro area of 1.2% this year followed by 1.8% in 2015, and it summarizes the region’s economic outlook in cautiously optimistic terms: Rebalancing of the European economy has been progressing and external competitiveness is improving, particularly in the most vulnerable countries. […] More
New Overnight Developments Abroad - Daily Update
Sharp Decline in Chinese Yuan to a Four-Month Low
February 25, 2014
The yuan weakened 0.4% against the dollar, arousing some suspicion that Beijing officials may be orchestrating the slide as a protest against rising strains with the United States over a variety of geopolitical matters. Share prices in China continued their retreat, falling by a further 2.6%. Bank of England Monetary Policy Committee member Ian McCafferty […] More
