Trade is one of the main drivers of Japan’s economy. Japan’s exports decreased by 1.0% compared with February 2019, while imports decreased by 14.0%. These led to a trade surplus of 1.110 trillion yen ($10.34 billion) which should improve Japan’s Economy. Reuters
Fiscal policy is one of the main drivers of US economy. The US House of Representatives passed economic relief from the Coronavirus pandemic of $850 billion. US also wants to pass $500 billion in a payroll tax cut, a $50 billion bailout for airlines struggling from plummeting demand, and $250 billion for small business…
Monetary policy is one of the drivers of US economy. The US Federal reserve reduced short-term rates to a target range of 0% to 0.25%, and announcing at least $700 billion in Treasuries and mortgage-backed securities purchases in coming weeks. These should ease Coronavirus tension, but could lead to recession. Reuters
Interest rate is one of the main drivers of UK economy. The Bank of England slashed interest rates by half a percentage point which returns the main interest rate to a record low of 0.25%. These should boost UK’s Economic output economic output by 1%. Reuters
Corona virus is one of the main negative drivers of the Global economy. The global economy is set to grow only 2.4% in 2020 down from a forecast of 2.9% in November 2019. The global growth could drop as low as 1.5% in 2020 if the Corona virus spreads throughout Asia, Europe and North America,…
Inflation is one of the main drivers of Germany’s economy. ECB’s inflation target is currently below but close to 2% while Bundesbank’s predicts a 0.6% GDP expansion in 2020. Coronavirus may lead to German Economy not meeting its growth forecast. Reuters
Business Spending is one of the main drivers of US economy. Business investment decreased by 2.3% rate in the 2019 fourth quarter, while consumer spending increased by 1.7 in the fourth quarter 2019. These led the US Gross domestic product to increase by 2.1% annualized rate. Reuters
Trade is one of the main drivers of German economy. Exports fell by 0.2% in the fourth quarter 2019, while Gross investment increased by 2.9% in the last quarter of 2019 with State consumption adding 0.1 percentage points to growth, while private consumption made no contribution. These led the German economy to grow by 0.6%…
Benchmark Interest rate is one of the main drivers of European economy. Euro zone money markets priced in around a 50% chance that the European Central Bank will cut interest rates by 10 basis points in July 2020 which is up from around 35% a week ago. This should boost growth in European economy. Reuters
US benchmark Interest rate is one of the main drivers of US economy. US benchmark interest rate is set in a range of 1.50% to 1.75% which should lead to U.S. economy growing at a 2.00% to 2.25% annualized rate in 2020. Reuters
