Deeper Analysis
New OECD Growth Forecast
November 27, 2012
The 92nd semi-annual Economic Outlook from the Organization of Economic Co-Operation and Development has revised world GDP growth next year downward to 3.4% from a prior forecast of 4.2%. The growth estimate for calendar 2014 is 4.2%. Among the 34 countries that are in the OECD, growth is projected to climb only 1.4% in calendar […] More
Central Bank Watch
Another Interest Rate Cut in Hungary
November 27, 2012
Officials at Magyar Nemzeti Bank sliced their Bank Rate by 25 basis points for a fourth consecutive month. The action, which leaves the rate level at 6.0%, had been widely anticipated, and officials left open the door to more rate reductions if economic trends develop as they expect. Expected developments in inflation and financial markets […] More
New Overnight Developments Abroad - Daily Update
Not a Big Reaction to Greek Debt Agreement
November 27, 2012
Ecofin and the IMF settled their differences over Greek aid, paving the way for a EUR 34.4 billion installment next month. The accord’s assumptions about future Greek growth look suspect. The dollar is 0.2% stronger against the euro and Swiss franc, unchanged versus the yen, yuan, kiwi, and sterling, down 0.1% against the loonie, and […] More
