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Global Economy

News, statistics and insights relating to the global economy

US GDP grows at 2.8% in Q2 as consumer spending remains strong

US GDP grew at a 2.8% annualized rate in Q2, supported by acceleration in consumer spending, increase in nonresidential fixed investment as well as an upturn in private inventory investment

Market sees Bank of England to raise rate to 4% by May

The financial market expecting the UK policy interest rate UK will break 4% by May, more than double the current level of 1.75%. Financial Times reported.

Why Fed projects to cut rates next year even it expects failure to reach...

Inflation projections by Fed officials show that PCE inflation will not reach 2% by the end of 2025. Why the Fed expects to cut rate next year then?

Germany’s GDP Data might have been Distorted by Questionable Data

Germany's GDP data for 2018 might have been distorted by some questionable data provided by the pharmaceutical manufacturing industry.

Canada inflation slows further to 2.8%; rent continues to rise

Canada's CPI rose 2.78% in February, a further slowdown from the 2.86% increase in the January

Canada inflation rebounds to 2.9% in May

CPI inflation in Canada rebounded to 2.9% YoY and 0.31% MoM in May 2024

The Most Important Question Jay Powell Need to Answer – Where is the Saturated...

The most important question for the 30th Jan Fed meeting balance sheet policy, because it is also most underrated by the market.

US payroll growth in Jan beats expectations

US nonfarm payroll increased 353,000 and Unemployment rate as 3.7% in January

Why FOMC mulling to cut ON RRP rate by 5 bps?

A relatively unexpected discussion among Federal Reserve officials during November FOMC meeting was that "some" committee members suggested a future consideration of lowering the ON RRP facility rate by 5 basis points. Why are they talking about that?

Japan exports (Dec 2018) recorded largest fall in two year

Japanese exports record a year-on-year drop of 3.8% in December 2018, the most substantial shrinkage since October 2016.

Interviews

A Macroeconomic Earthquake | Q&A with Larry Christiano

In this interview, Prof Christiano shared his view on the development of post-2008 academic macroeconomics. We’ve asked Prof Christiano does he agree that modern macroeconomic models are too complicated for the general public, or even policymakers and if he agrees that economic models should be “simpler”. Does he think the recent revival of ISLM model a “good trend”? Should Macroeconomists hang on their faith in DSGE models? Should they explore alternative paths?