The US economy is expected to contract by 16.3% in the second quarter before expanding by 1.5% in the third quarter, the Federal Reserve Bank of New York’s latest Nowcasting Report showed on Friday. R...
According to the latest Bloomberg survey, the Bank of Japan (BOJ) is seen trimming its economic projections again next month due to the massive economic fallout from the coronavirus pandemic. Key findings “The ...
US’ real GDP in first quarter declined by 5% on a quarterly basis. US Dollar Index stays in the positive territory near 97.50 after the data. The real Gross Domestic Product (GDP) in the US contracted by...
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...
Analysts at Morgan Stanley recommend going long on the euro against a basket of currencies, especially the USD, CHF, GBP and SEK. The bank, however, warns of the downside risks to the EUR rally. Key quotes “The...
Australia’s Council of Financial Regulators (CFR), in its latest report, said the outlook, including the nature and speed of the expected recovery, remains uncertain. Additional takeaways “Financial...
In its latest economic growth outlook report, the Asian Development Bank (ADB) trimmed its 2020 growth forecast for developing Asia from 2.2% to 0.1%. Additional details “The growth forecast downgrade reflects ...
Switzerland’s State Secretariat for Economic Affairs (SECO) is out with its quarterly economic assessment report, with the key highlights found below. Sees economic recovery in the second half of 2020, barring...
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...
The German economy ministry was out with some comments in the last hour and said that the economic recovery will be gradual through the second half of 2020. Additional quotes: Easing of lockdown suggests we ha...
