- Midyear economic outlook: hanging in the
balance.
Midyear economic outlook: Hanging in the balance As during January, interest rate differentials, especially between the U.S. and Germany, seem the important economic factor to watch. But with a difference. The pattern of opposing interest rate trends of 1990 and early 1991 may turn upside down by late this year....
- From China, with love
As the bird flies, it's 7,300 miles from Baton Rouge to Beijing. But the central bank of the world's fastest-growing economy is closer than you think. Its huge investment in the U.S. dollar helps keep local real estate blowing and going on low interest rates. China isn't just being nice....
- Let's get China on a level playing field
THERE IS INCREASING CONCERN IN Congress regarding the Chinese Government's strategy of undervaluing its currency to garner exports and foreign investment. Last year, our bilateral trade deficit with China exceeded $100 billion. Indeed, China is accumulating foreign reserves at a rate of more than $6 billion per month. This uneven ......
- At a glance: worldwide credit
conditions.
CREDIT BRIEFINGS CREDIT BRIEFINGS ECB DROPS RATES. The European Central Bank decided on June 5 to cut its main policy variable by 50 basis points, to 2.0%. The move is expected to reduce the euro's strength and boost sagging exports, but broader effects will not appear until later this year....
- The international economy.
World economic growth for 2004 is projected at 5 percent (measured in terms of real gross domestic product [GDP]), compared to growth rates of 2.1 percent in 2002 and 3 percent in 2003. The International Monetary Fund in Washington forecasts world economic growth for 2005 at 4.3 percent, (1) slightly ......
- Outlook for growth, inflation,
rates.
IN 2004, ECONOMIC GROWTH will remain healthy, staying well above the potential growth rate of 3.5%, lowering the jobless rate to 5.2% at the end of the year. Economic policies will remain a strong tail wind for the economy. During the second half of 2003, Washington provided $61 billion in ......
- Worldwide credit conditions.
CREDIT BRIEFINGS OFFSHORING EXPLOSION. Offshoring will grow at a rate of 30% to 40% a year over the next five years, according to a new study from McKinsey Global Institute. McKinsey calculates that for every $1.00 of U.S. labor costs offshored, $1.45 to $1.47 is created globally. CANCUN COLLAPSE. The ......