A revival in consumer spending and business investments point to a UK recovery extending into 2016, predicts the Organization for Economic Co-operation and Development (OCED). The recent growth experienced by recently stagnant UK economy expects to clock a decent 3% growth by the end of this financial year, and OCED has forecast an optimistic future couple of years.
Recent data indicate that the US supply of currency significantly dropped in October. Represented by the “True Austrian Money Supply”, the money supply metric that is regarded to be the most preferred and broadest aggregate, the amount of money in America has fallen since September. The TMS2 announced that the year over year growth was a disappointing 7.7% October, which is a significant drop from September’s 8.3% rate.
Global investors panicked Tuesday after Greek stocks fell over 10% and China signaled a tightening of its credit market amidst fears of growing defaults and oversized risk in local bonds.
While Brazil, Greece, and China saw a bearish market on greater concerns about emerging market growth, U.S. stocks reversed from an early morning decline as greater confidence in American stability overtook concerns about a global slowdown.
By the end of 2014, Peru expects economic growth of around 3% according to the latest statistics. After the council of ministers authorized a stimulus package worth around $547 million in an attempt to boost the economy, the impact on GDP should be in the region of 0.25% according to the Ministry of Finance. The plan of stimulus consists of four primary themes, including:
*A set of laws to promote economic activity, cut red tape, and optimize administrative processes
*Short-term measures of fiscal stimulus
Investors are growing more fearful after Japan posts a larger than expected GDP contraction and oil falls to a 5-year low.
The S&P 500 fell in early Monday trading after a strong end to last week as investors weighed the impact of a Japanese recession and falling oil. In a note to investors, UBS cited technological change and falling emerging market demand as potential threats to U.S. company growth, while some economists are wondering if consumer demand growth in the U.S. can offset global weakness.
During March of last year (2013), Cyprus agreed to an international bailout of approximately €17 billion from the European Central Bank, International Monetary Fund and European Commission. The size of this bailout was so significant that it actually amounted to 100% of GDP, and involved a bank bail in. A bank bail in is when the creditors of a borrower bear some of the burden by writing off some of their debt in order to make the level of debt more sustainable.
The United States added 321,000 jobs in November as job growth continued to accelerate, marking 2014 as the best year for jobs since 1999.
The United States added over 2.5 million jobs in 2014, while a number of secondary indicators point to improvements in the American labor market. The unemployment rate has fallen steadily in 2014, reaching 5.8% in November, unchanged from the prior month.
Labor force participation, while historically at low rates, has begun to stabilize. It remained at 62.8% in November, the lowest rate since the 1970s.
After a consistent period of stagnation or contraction since the year 2009, the Slovenian economy is once again showing signs of improvement. In September, the number of exports in Slovenia saw a significant surge, approximately 14%. This is the most startling growth rate in three years. As a result, economists suggest that this could be a sign that the euro-zone member is finally on the rise after narrowly avoiding an international bailout last year.
The European Central Bank may begin a U.S. style quantitative easing program as early as January 2015.
In a press conference, ECB President Mario Draghi said that a bond-buying program would help stimulate growth in the European Union while also keeping the Eurozone from a deflationary trap. “I am convinced that a quantitative easing program, which could include sovereign bonds, falls within our mandate,” he said, adding that price stability remains the ECB’s “main objective.”
Typically considered one of the richest economies that exist in the world today, Norway is becoming increasingly vulnerable to the impact of external countries and regions. Throughout recent years, Norway’s oil-rich economy has experienced an unparalleled level of prosperity as the prices of crude oil fueled record-high investments and boosted activity.
