US Consumer Confidence Dips in April

United States’ consumer confidence fell to an indexed level of 120.3 in April according to the Conference Board, compared to 125.6 in March and an expectation of 122.9. Despite the larger than expected decline, US consumer confidence is still relatively strong. Last April, the index recorded a level of about 90. The reading March marked a sixteen-year More...

by Nouriel Harjai | Published 7 hours ago
By Nouriel Harjai On Friday, March 3rd, 2017
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Iranian Growth Accelerated in 2016

The International Monetary Fund recently released its estimates for first half 2016/17 economic growth in Iran to come in at more than 7.7% and estimates it will increase by 6.6% in the full current year. Iran’s More...

By David Duncan On Thursday, March 2nd, 2017
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Canadian Q4 GDP Growth Exceeds Expectations

The Canadian economy grew at an annualized 2.6% in the fourth quarter of 2016, besting expectations of a 2.0% increase. For the full-year of 2016, Canada grew its economy by 1.4%. Increased consumer spending was More...

By David Duncan On Thursday, March 2nd, 2017
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Switzerland’s GDP Growth Dissapoints

Switzerland’s fourth quarter GDP growth was only 0.1% annualized between Q3 and Q4 of this year. Q4 GDP grew 0.6% from last year’s fourth quarter and full-year GDP growth in Switzerland was 1.3%, below More...

By David Duncan On Tuesday, February 28th, 2017
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Macri Hangs on in Argentina Despite Poor Economic Performance

Argentina holds an unenviable place in history as the example textbooks point to for what can go wrong in economic development. At the time of the First World War, Argentina had among the highest living standards More...

By David Duncan On Tuesday, February 28th, 2017
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US Q4 Growth Unrevised at 1.9%

The Bureau of Economic Analysis said today that it’s estimate for fourth quarter economic growth in the United States was unchanged at 1.9% annually from the third quarter. Despite no revision to the numbers, More...

By David Duncan On Monday, February 27th, 2017
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Growth Cools in Colombia

Colombia, whose economy has weathered collapsing commodity prices better than most Latin American countries, announced today that 2016 GDP growth amounted to only 2%, the slowest growth for the country since it More...

By Benjamin Comston On Wednesday, February 22nd, 2017
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The Future Ain’t What It Used to be in Brazil

Towards the end of 2010, CBS News correspondent Steve Kroft reported on the economic progress of Brazil in a segment aired on “60 Minutes.” The title of that segment was, “Brazil: The Worlds Next More...

By David Duncan On Monday, February 20th, 2017
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US Housing Starts Decline in January

US housing starts declined by more than 2% from December’s revised seasonally adjusted figure according to the US Census Bureau. The Bureau estimated January housing starts at 1.246 million compared to 1.279 More...

British retail sales
By Viliyana Filipova On Monday, January 23rd, 2017
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British retail sales fell in December

British retail sales fell in December at its fastest pace in almost five years, as consumers bought less of everything – from household goods to clothing and food. The volume of goods sold in physical stores More...

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