Thai economy to shrink by at least 5% this year, hit by coronavirus – World Bank
Fundamental Forex Analysis

Thai economy to shrink by at least 5% this year, hit by coronavirus – World Bank

In its latest report, the World Bank projected the Thai economy to shrink by at least 5% this year, in the face of the coronavirus pandemic. Key details “The economy will take more than two years to return to p...

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Fundamental Forex Analysis

US economy still poised for a V-shaped recovery – Goldman Sachs

Speaking at Bloomberg event on Thursday, Goldman Sachs Chief Executive Officer (CEO) David Solomon said that he still sees a V-shaped recovery for the US economy this year. Key quotes “This crisis has had...

The economy contracted in Q2
Fundamental Forex Analysis

The economy contracted in Q2

China Beige Book, a survey of more than 3,300 Chinese companies conducted mid-May to mid-June., showed on Wednesday, the economy contracted in Q2 (the three months April to June) from a year earlier. Additional...

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Fundamental Forex Analysis

Economy seems to have stopped worsening

Japanese Finance Minister Taro Aso said in a statement on Friday, the economy is on the road to recovery, as it seems to have stopped worsening. This comes despite the deflationary pressures gathering pace in t...

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Fundamental Forex Analysis

China’s Vice Premier Liu: Economy has gradually improved

China’s Vice Premier is Liu He is on the wires now, via Reuters, making some comments on the economic outlook and policy measures. Key quotes “Economy has gradually improved.” “Various economic indicators...

Fundamental Forex Analysis

The fund to forecast a worse contraction in global economy for 2020

In a new blog, the International Monetary Fund (IMF) Chief Economist Gita Gopinath said that the Fund is expected to downgrade its 2020 global growth forecasts than previously estimated. Key takeaways Sees &#82...

Global economy to see a V-shaped recovery by Q4 2020 – Morgan Stanley
Fundamental Forex Analysis

Global economy to see a V-shaped recovery by Q4 2020 – Morgan Stanley

In a mid-year outlook research note, Morgan Stanley economists led by Chetan Ahya offered an optimistic take on the global economy, with a V-shaped recovery projected by the fourth quarter of this year. Key quo...

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Fundamental Forex Analysis

Economy has not yet returned to normal level

Following the release of the May activity numbers, China’s National Bureau of Statistics (NBS) released a statement, via Reuters, expressing its take on the macro data. “China’s economy has not yet returned to ...

This has been a sad, sad day
Fundamental Forex Analysis

Coronavirus is having a severe impact on our economy

Following the release of the UK GDP report, the country’s Finance Minister Rishi Sunak justified the sharper-than-expected contraction in the economy in April. Key quotes “In line with many other economies arou...

Coronavirus crisis easing, but far from over
Fundamental Forex Analysis

The economy must go back to normal this summer

The economy must go back to normal this summer, said French Finance Minister Bruno Le Maire in a statement on Thursday. Additional comments “The economy must restart faster.” “French economy can rebound strongl...