The IMF’s (International Monetary Fund) World Economic Outlook report released on April 14, 2015. It brought some good news for the Eurozone economies.
The IMF raised its growth forecast for the Eurozone to 1.5% in 2015—from 1.2% previously forecasted in the January 2015 update.
For 2016, the growth forecast has been revised to 1.6%—compared to the previously forecasted 1.4%.US ETFs that track global equities gained on the news. The iShares MSCI ACWI ETF (ACWI) was up 0.37%.
The Vanguard FTSE All-World ex-US ETF (VEU) closed 0.77% higher on April 14. The IMF believes the fall in oil prices and the weaker euro are benefiting most Eurozone economies.
They should see sunnier days over the next two years. It’s also optimistic about Greece, despite its current crisis. The report highlighted the progress made by the core Eurozone economies “with respect to a more accommodative fiscal stance and bringing down large current account surpluses.”
IMF upgrades Japan—downgrades US and Canada The IMF stuck by its global growth forecast of 3.5% for this year. It raised its forecast for 2016 to 3.8% from 3.7%.
It raised its 2015 growth forecast for Japan to 1% from 0.6%. It raised it 2016 growth forecast to 1.2% from 0.8%. The United Kingdom’s growth forecast was maintained at 2.7% for 2015. It was downgraded for 2016 to 2.3% from 2.4%.
Slowing indicators in the US led to a growth projection downgrade for the US. The IMF downgraded its hopes for the US economy to 3.1% in 2015—from the 3.6% forecasted in January.
For 2016, the IMF downgraded it to 3.1% from 3.3%. The strengthening US dollar, along with the declining oil prices since the middle of last year, impacted US energy companies’ margins like Ensco (ESV), Diamond Offshore Drilling (DO), and Helmerich & Payne (HP). The IMF’s forecasts were substantiated by inflation readings that came out in the United Kingdom.
yahoo.com
The IMF raised its growth forecast for the Eurozone to 1.5% in 2015—from 1.2% previously forecasted in the January 2015 update.
For 2016, the growth forecast has been revised to 1.6%—compared to the previously forecasted 1.4%.US ETFs that track global equities gained on the news. The iShares MSCI ACWI ETF (ACWI) was up 0.37%.
The Vanguard FTSE All-World ex-US ETF (VEU) closed 0.77% higher on April 14. The IMF believes the fall in oil prices and the weaker euro are benefiting most Eurozone economies.
They should see sunnier days over the next two years. It’s also optimistic about Greece, despite its current crisis. The report highlighted the progress made by the core Eurozone economies “with respect to a more accommodative fiscal stance and bringing down large current account surpluses.”
IMF upgrades Japan—downgrades US and Canada The IMF stuck by its global growth forecast of 3.5% for this year. It raised its forecast for 2016 to 3.8% from 3.7%.
It raised its 2015 growth forecast for Japan to 1% from 0.6%. It raised it 2016 growth forecast to 1.2% from 0.8%. The United Kingdom’s growth forecast was maintained at 2.7% for 2015. It was downgraded for 2016 to 2.3% from 2.4%.
Slowing indicators in the US led to a growth projection downgrade for the US. The IMF downgraded its hopes for the US economy to 3.1% in 2015—from the 3.6% forecasted in January.
For 2016, the IMF downgraded it to 3.1% from 3.3%. The strengthening US dollar, along with the declining oil prices since the middle of last year, impacted US energy companies’ margins like Ensco (ESV), Diamond Offshore Drilling (DO), and Helmerich & Payne (HP). The IMF’s forecasts were substantiated by inflation readings that came out in the United Kingdom.
yahoo.com
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