Archive for February 25th, 2014

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