Trade The UK recorded a trade deficit of £9.25bn in December; the largest deficit since records began way back in 1980. This was a result of a 3.5% increase in imports (from November) and only a 1.5% increase in exports. A geographical breakdown shows that the trade deficit with EU countries narrowed by £0.1bn, but [...]
Filed under: Economics, Exports, fiscal tightening, GDP, GDP forecast, monetary policy, Trade deficit, UK | Tagged: forecasts, growth, monetary policy, UK | Leave a Comment »
In America, strong consumer spending and net trade led to an acceleration of US GDP growth to 3.2% in the fourth quarter of 2010. The risks to our first quarter 2011 GDP growth forecast are now “on the upside”. Luckily, this time, we did not have any of the scary surprises from GDP releases that we [...]
Filed under: Economics | Tagged: forecasts, growth, US | Leave a Comment »
Don’t get too optimistic about aggregate euro area economic data. One economy is clearly in a class of its own. Recent data for the euro area as a whole have been pretty upbeat of late, even suggesting that growth in the region gained a bit of momentum towards the end of 2010. Performance of the [...]
Filed under: Uncategorized | Tagged: Euro area, forecasts, growth, macroeconomics | Leave a Comment »
Many indicators point to stronger US GDP in the final quarter of last year. And let us hope that US surprises us again in 2011. The US ended 2010 in pretty good shape, reviving long-forgotten optimism about the world’s largest economy. Over the past few weeks, economic news coming from the other side of the [...]
Filed under: Economics | Tagged: forecasts, growth, markets, US | Leave a Comment »
The markets seemed impressed enough by the ISM data for August. But the latest manufacturing sector reading looks like a blip – and the non-manufacturing numbers are still pretty dismal. Last week, equity markets rallied strongly after the Institute for Supply Management (ISM) reported that US manufacturers had grown more confident regarding the outlook in August – [...]
Filed under: Economics | Tagged: growth, US | Leave a Comment »
The markets have given up believing on the Greek myth that it can go it alone. Things seem to be clicking into place now for a renminbi adjustment, albeit a small one. And the Fed #2 now seems willing to be take a view that is a bit less complacent than the FOMC’s.
Filed under: Economics | Tagged: FX, global, growth, macroeconomics | Leave a Comment »
Kevin Gardiner is Head of Investment Strategy, EMEA
Greg B. Davies
Greg B. Davies, PhD, is Head of Behavioural Finance
Henk Potts
Henk Potts is Market Analyst
