OECD growth

Dollar Buoyed by Strong U.S. Durable Goods Orders

August 26, 2015

U.S. durable goods orders, which had been projected flat or slightly lower, instead rose 2.0% in July on top of a 4.1% June advance.  Demand for non-defense, non-aircraft durables climbed 2.2% last month after a 1.4% increase in June.  A separate report revealed a 0.2% uptick last week in U.S. mortgage applications but a 3-basis […] More

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