Archive for November 27th, 2012

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