The fall in China's producer prices is almost entirely due to the collapse in commodity prices that we have seen over the past eighteen months.
I would say that now it would be more reasonable.
The Canadian Dollar softened in response to the Fed Chair Janet Yellen's hint that a December rate hike could still takeplace; therefore, most of analysts remain bearish on the Loonie in the foreseeable future. What is your outlook for theCanadian Dollar for the end of this year and in a longer term?Through the rest of this year, I expect the
A global crude oil prices slump that is influencing Canada's economy is poised to continue having a damping effect for years to come as more companies reduce drilling. The downturn triggered the nation's recession in the first half of the year and is still set to substantially weigh on the country's health in future. What is your opinion, is Canadian
Consumer prices in Switzerland have fallen on an annual basis for most of the past four years. Can we say the Alpine country is in the deflation territory?Consumer prices hit a milestone last month with an annual price drop of 1.4%, which was the biggest decrease in more than five decades. Even after food and energy prices were stripped out,
That is right, despite clear indications of soft domestic demand and inflation far below target for some months to come.
We would agree with most analysts that the RBNZ will indeed cut its key rate again.
While we agree that membership of the EU has boosted the UK economy, we doubt that the outlook depends on the result of EU referendum.
Both Brent and WTI crude oil rose quite significantly.
I think the businesses are generally ready for such an increase, provided there is reassurance that the move will not be followed by a large number of similar ones in coming months.
I think that the recovery we had has come almost entirely from consumer spending.
At the end of August the Yen appreciated on back of growing global risk aversion.
We have been positive on gold for quite a while on back of very low interest rates and continuing jitters on equity markets, as well as on the geopolitical issues and diversification by the central banks.
My opinion is that the RBA has a difficult balancing act, conciliating a weak global economy and, in particular, a slowing economy in China.
At the current moment, it is very unlikely that inflation will rise anywhere near 2% in the foreseeable future without further easing from the Bank of Japan
To start with the GDP forecast, I think we are seeing a relatively strong rebound in the third quarter.
Basically, we are expecting the EUR/CHF to range trade around recent levels between 1.05 and 1.1050, which is the highest level that we have reached in September.
We are very upbeat about the prospects for the UK economy, however, in the near term the activity indicators have softened a bit.
I suppose we will see a slightly weaker Euro, because of the ECB's tendency to expand its QE programme further.
An easing bias remains, but it is not as explicit as in July when the RBNZ's outlook changed significantly.
Asia-Pacific economies are now feeling the pinch of a Chinese economic slowdown, being under large downward pressure.
The current price weakness of commodities is due to a combination of factors.
Our current forecast is for the recession of 3.5% up to 4% this year, but not significantly worse.
I am not sure whether I would use the word "perilous", but I agree in a sense that the surprising growth of the Swiss economy in the second quarter does not necessarily indicate that Switzerland has barely been affected by the Franc shock following the SNB's decision to abandon the minimum exchange rate regime.