Salient to Investors: The IMF said: Global growth will struggle to accelerate in 2013 as the US expansion weakens, China’s economy levels off, and Europe’s recession deepens. Global growth will be 3.1 percent in 2013, unchanged from 2012, and 3.8 percent in 2014. Developing economies will grow 5 percent in 2013,
READ MORE... →Salient to Investors: The IMF said: Global growth for 2013 will be unchanged at 3.1 percent as US growth slows to 1.7 percent in 2013 and 2.7 percent in 2014. Global growth will be 3.8 percent in 2014. Downside risks to global growth prospects still dominate, with the possibility of a longer
READ MORE... →Salient to Investors: Frederic Neumann at HSBC said: Asia’s growth has just downshifted to a less spectacular pace in coming years. Asia’s 1997 financial crisis won’t repeat as dissimilarities outweigh the parallels. Current account positions are mostly in surplus, which should cushion the blow from an outflow of capital, and banking systems
READ MORE... →Salient to Investors: In Q1, China’s broadest measure of credit rose 58 percent and GDP gained 7.7 percent – each $1 in credit added the equivalent of 17 cents in GDP, down from 29 cents in 2012 and 83 cents in 2007. The IMF said decisive policy changes are needed in
READ MORE... →Salient to Investors: Latin America is disappointing investors, economists and businesses with slower-than-forecast growth as waning commodity prices and strong currencies hit nations that failed to diversify and become more competitive. Economists cut Brazil’s 2013 outlook for the second time in 7 days, forecasting the worst 3-year period in a decade.
READ MORE... →Salient to Investors: David Lipton at the IMF said: IMF lowered its forecast for China’s growth to 7.75 percent in 2013 and 2014 Decisive policy changes would put the economy on a more sustainable path. The record expansion of credit is concerning, and China has significant but narrowing policy space and financial capacity to
READ MORE... →Salient to Investors: Hometrack said UK house prices rose 0.9 percent in London, the most in 6 years, primarily driven by a shortage of properties, while average prices in England and Wales increased 0.4 percent, the biggest monthly increase since May 2007. London demand is up 15 percent in the past 6 months, while supply
READ MORE... →Salient to Investors: The IMF said: Budget deficits in advanced economies will narrow at a faster pace in 2013 than in 2012 even as countries including the US and Japan lack clear plans to reduce their debt. Fiscal shortfalls will shrink to 4.7 percent of GDP in advanced nations in 2013, the narrowest
READ MORE... →Salient to Investors: The IMF says: The global economy will expand 3.3 percent in 2013 versus its 3.5 percent forecast in January, and 4 percent in 2014. The euro area will contract 0.3 percent in 2013 versus its forecast of a 0.2 percent retreat in January. Expect a 3-speed recovery led by emerging
READ MORE... →Salient to Investors: E. William Stone at PNC Wealth Management doesn’t expect massive impact from the impending spending cuts, but says there is fear of the unknown and an anticipation of increased volatility. William Murray at the IMF said sequestration means reevaluation of growth forecasts. Read the full article at http://www.bloomberg.com/news/2013-02-28/u-s-stock-index-futures-little-changed-before-gdp-report.html Free
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