IMF World Economic Outlook Report

Summary: IMF maintains global GDP to advance 3.9% this year Trade tensions expected to derail global economic recovery S. GDP expected to advance 2.9% in 2018 Japan GDP expected to advance 1.2% in 2018 UK GDP expected to advance 1.6% in 2018 Eurozone GDP to advance 2.4% in 2018 The International Monetary Fund released its ...

2018-04-25 John Benjamin Read more
USA Flag_US Economy_Trump

A sluggish start to economic growth this year in the midst of an interest rate tightening cycle gets interesting as Friday's third quarter preliminary GDP report is expected to shed light on the economic performance in the US. The broad consensus being that the US economy managed to gather pace in the third quarter, with the median estimates po...

2016-10-27 John Benjamin Read more
UK Unemployment

The IMF cut its global growth forecasts for 2016 by 0.1 percent points to 3.10% Germany Producer Prices Index falls less than expected UK unemployment rate falls to 2005 lows at 4.90% in May Today’s Economic events Australia MI leading index m/m -0.20% vs. 0.20% previously Germany PPI m/m 0.40% vs. 0.20% Eurozone curren...

2016-07-20 John Benjamin Read more
Greece

Creditors approve 10.3 billion euros in the bailout package for Greece. German Ifo sentiment points to increasing business optimism, and markets await BoC rate decision. Today’s Economic events Australia construction work done q/q -2.60% vs. -1.40% Switzerland UBS Consumption indicator 1.47 vs. 1.40 previously Gfk German consumer climat...

2016-05-26 John Benjamin Read more
Market news

Surprisingly enough, Greece's position towards the reform package has changed radically. The Greek government sent a package of reform proposals to its euro zone creditors on Thursday, asking for 53.5 billion euros, a review of primary surplus targets and "reprofiling" the country's long-term debt, while seeking a parliamentary vote on today to ...

2015-07-13 Orbex Read more

Call it a default or simply 'arrears' but no matter how the issue is broached, the fact remains that Greece failed to repay the IMF, an amount of 1.5 billion Euros. The country also set one for the record books as it becomes the first 'advanced economy' to default on the IMF. Gerry Rice, the director of communications at the IMF, in a stateme...

2015-07-02 John Benjamin Read more
trading tools and educational information

Bailout talks between the leftwing government and foreign lenders fail to save the country from a default. Greece closed its banks and imposed capital controls (which are likely to last for months) on Sunday, while people will be able to withdraw only 60 euro limit cash per day (cash machines will reopen on Tuesday). After the PM Alexis Tripras ...

2015-06-30 Orbex Read more
Market news

The weekend, starting from late Friday evening saw some rapid developments on the Greece debt negotiations. With the IMF (and the ECB and EU) unrelenting on the Greek proposals, the Greece Prime Minister, Alexis Tsipras stunned the creditors by calling for a Greek Referendum. The announcement which was soon ratified by the Greek parliament on Sa...

2015-06-30 John Benjamin Read more
European currency

Monday's Eurogroup meeting disappointed on all fronts as the markets geared up to see some kind of resolution to the Greece debt crisis. However, in the classic EU style, Eurogroup members decided to reconvene on Thursday, 25th of June with no deal being reached on Monday. Eurogroup President Jeroen Dijsselbloem, in the press conference sounded ...

2015-06-26 John Benjamin Read more
Market news

The EURUSD appreciated in the last two days, even if the Greek situation went through critical moments. The Eurogroup leaders met on Thursday but didn’t manage to reach a deal. Jeroen Dijsselbloem (Eurogoup chief) still believes that it's still possible to find a solution, while Valdis Dombrovskis (European Comission vice-president) warned that ...

2015-06-22 Orbex Read more