Tag Archives: Macroeconomics

24May/20

CRU: China to Announce More Than RMB 5tn of Stimulus

China will set out its major economic objectives and policy goals for 2020 at the National People’s Congress. We expect fiscal stimulus of 5-8% of nominal GDP to be announced, half the size of the stimulus that followed the GFC. Most of this stimulus will come in the form of bond issuance (e.g. special treasury bonds and local government special bonds). The biggest beneficiary of this stimulus will be the transport and infrastructure sectors. On monetary policy, we do not expect aggressive interest rate cuts or QE; but efforts will continue to ensure financial markets remain liquid, through lending targets and RRR cuts. Read more

18Sep/17

Bank of England’s Carney sees Brexit pushing up inflation, rate rise likely

WASHINGTON, D.C., UNITED STATES (SEPTEMBER 18, 2017) (IMF TV) – Bank of England Governor Mark Carney said on Monday (September 18) that Brexit is likely to hurt Britain’s growth prospects in the short term and push up inflation as the country adjusts to life outside the European Union. Continue reading

30Sep/15

IMF: Softness in global economy to extend into 2016 as developing world drags

Speaking at the Council of the Americas, IMF Managing Director Christine Lagarde says China needs to keep trying to rebalance its economy away from commodity-intensive investment but also must be careful to safeguard “demand and financial stability.”

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06Jul/15

Greece a flashpoint for Europe?

(Reuters Business Report) – Don Quixote: a Spanish literary hero famous for tilting his lance at imaginary foes – like windmills.

Austerity though – that’s seen as a very real enemy.

Many Spaniards in solidarity with ordinary Greeks.
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05Jul/15

European Parliament President doubts Greek banks will reopen, warns of ‘dramatic’ times ahead

European Parliament President Martin Schulz doubts Greek banks will reopen this week, calls for emergency humanitarian aid for Greece and demands the government make meaningful proposals on its debt to stave off ‘dramatic’ times.

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