Archive for the ‘Macro’ Category
US Economic Conditions Increasingly Worse Predictor of Global Fluctuations –Dallas FED
Monday, December 1st, 2008NBER Recession Definition
Monday, December 1st, 2008NBER defines a recession as a “significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in production, employment, real income and other indicators.”
NBER: Expansion Cycle Started Nov-01, Ended Dec-07
Monday, December 1st, 2008NBER Made Recession Determination Friday, Announced Today
Monday, December 1st, 2008US Recession Began in December ‘07– NBER
Monday, December 1st, 2008Credit Issues Still Thwart Regional US Banks– S&P Report
Tuesday, November 25th, 2008OECD Sees Negative Growth for 30 Country Area in ‘09
Tuesday, November 25th, 2008Economic activity in the 30 country OECD area is expected to contract by 0.4% next year before rebounding to 1.5% in 2010, the OECD says. It expects US GDP to fall 0.9% next year and rebound to 1.6% in 2010. Inflation in the world’s largest economy is seen falling to 1.2% in 2009 and moving slightly higher to 1.3% a year later.
EZ GDP is expected to remain below its potential until the middle of 2010, the OECD said. GDP growth is forecast at -0.6% next year and 1.2% in 2010. Average EZ HICP is seen at 1.4% in 2009 and 1.3% the year after.
Growth in Germany, Europe’s largest economy, is expected to tank to -0.9% next year before powering to 1.3% in 2010. This year’s GDP expansion is expected at 1.7%.