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Economy And The Numbers

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imf-040919_20jan20.jpg The International Monetary Fund on Monday cut the global growth forecasts for this year and next, mainly due to the weaker-than-expected expansion in India. Global growth for this year is projected at 3.3 percent, which is 0.1 percentage point less than the forecast made in October, the international lender said in the latest update to its World Economic Outlook.

Germany's economy likely stagnated in the final three months of 2019, the Bundesbank said in its monthly report released on Monday. The divergence continued with the domestic economy giving impetus, while the sluggishness in the export industry remained. However, there were increasing signs of...

Moody's Investors Service lowered Hong Kong's credit rating and outlook on Monday, citing weaker-than-estimated institutional and governance strength in the backdrop of the ongoing socio-political unrest. The rating agency downgraded the long-term issuer and senior unsecured ratings of the Government...

Credit quality of new securitisations and covered bonds in the UK will remain stable this year amid low unemployment and interest rates, Moody's Investors Service said Monday. "Credit conditions will remain stable due to low unemployment and interest rates, while Brexit challenges will continue to...

peoplesbankofchina-020317_20jan20.jpg China kept its benchmark lending rates unchanged for the second straight month, as widely expected, on Monday. The one-year loan prime rate was retained at 4.15 percent and the five-year loan prime rate at 4.80 percent. The rate was last reduced in November, which was the first cut since the new lending rate was introduced.

Pressures on the UK household finances eased in January, a consumer survey from IHS Markit showed Monday. The household finance index rose to 44.6 in January from 43.2 in December. This was the highest score in 12 months. However, the indicator for future financial wellbeing expectations dipped back...

Norway industrial confidence decreased in the fourth quarter, data from Statistics Norway showed on Monday. Industrial confidence fell to 0.7 percent in the fourth quarter from 2.3 percent in the third quarter. The confidence index for the total volume of production decreased to 51.2 in the fourth...

Hong Kong's jobless rate rose marginally during the October to December period, data from the Census and Statistics Department showed on Monday. The jobless rate rose to 3.3 percent during the October to December period from 3.2 percent during the September to November period. This was in line with...

Taiwan's export orders rose at a faster-than-expected rate in December, figures from the Ministry of Economic Affairs showed on Monday. Export orders rose 0.9 percent year-on-year in November. Economists had expected a 0.6 percent increase. Orders for electrical machinery products grew 7.2 percent...

Germany's producer prices declined at a slower pace in December, data from Destatis showed on Monday. Producer prices fell 0.2 percent year-on-year, slower than the 0.7 percent decrease seen in November. This was also slower than the 0.3 percent fall economists' had forecast. On a monthly basis,...

Estonia's producer prices declined in December, data from Statistics Estonia showed on Monday. The producer price index fell 1.2 percent year-on-year in December, following a 0.9 percent decline in November. Prices of manufacturing prices fell 0.1 percent annually in December and those of electricity,...

Japan's industrial production declined slightly more than initially estimated in November, data from the Ministry of Economy, Trade and Industry showed on Monday. Industrial production fell by a seasonally adjusted 1.0 percent month-on-month November. According to the initial estimate, production...

UK house prices increased the most for the month of January after the general election, data published by property webside Rightmove showed Monday. House prices increased 2.3 percent in January, the highest since the record started in 2002. There now seems to be a release of this pent-up demand,...

China left its benchmark lending rates for the second straight month, on Monday. The one-year loan prime rate was retained at 4.15 percent and the five-year loan prime rate at 4.80 percent. The rate was last reduced in November, which was the first reduction since the new lending rate was introduced. The...

The Bank of Japan will on Monday wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at -0.1 percent, although it may introduce other...

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