US job growth is one of the main drivers of US economy. US economy grew by 2.1% in third quarter 2019, while it grew by nearly 3% in third quarter 2018. US economy is expected to grow by 2.3% at the end of 2019 due to the low unemployment rate of 3.5% in December 2019.…
UK Benchmark Interest rates are one of the main drivers of UK economy. A few policymakers on the Bank of England (BoE) interest rate-setting committee voted to decrease interest rates to 0.5% from 0.75% due to the current weak growth in UK’s economy. There is a chance that the bank of England will reduce its’…
US Trade balance is one of the main drivers of US economy. US trade deficit decreased by 8.2% to $43.1 billion in November 2019, while the US economy grew by 2.1% in 2019 third quarter. US trade is expected to boost US GDP growth in 2019 fourth quarter due to Increase in exports and decrease…
Inflation is one of the main drivers of Thailand financial system. Thailand’s central bank left its benchmark interest rate at 1.25%, but reduced inflation forecasts and growth to 0.8% and 2.8% respectively. Reuters
Repurchase agreement (repos) is one of the main drivers of the US Financial System. The cost of some overnight loans increased to 10%, more than four times the benchmark rate in 2019. This has led to Injections of billions of dollar into repo market by the US Federal Reserve Bank to boost liquidity which is…
Inflation is one of the main drivers of Chinese Economy. China’s consumer price index (CPI) increased to 4.5% in November 2019 while China’s third quarter growth reduced to 6%. These can lead china to set its’ economic growth target to around 6% for year 2020 and retain Inflation target at 3%. Reuters
Repurchase agreement (repo) is one of the main drivers of US financial System. Interest rates in U.S. money markets increased to 10% for some overnight loans, while the US benchmark overnight rate is currently set in a range of 1.5% to 1.75%. A reduction in US bank reserves held at the US Central bank is…
Construction output, Services and Goods exports are part of the main drivers of UK economy. UK goods exports, services and construction increase has reduced Britain’s current account deficit to 15.860 billion pounds in the third quarter of 2019 from 24.152 billion pounds in the second quarter of 2019. These led to growth in UK economy…
Nigerian budget deficit is N2.175 trillion for the year 2020 representing 1.52 per cent of the Gross Domestic Product (GDP). Budget deficit is to be financed mainly by borrowings from domestic sources put at N744.99 billion, foreign sources put at N850 billion and multi-lateral/bi-lateral loan draw-downs put at N328.13 billion respectively. In aggregate, 44 percent…
Electric Power is one of the main drivers of the Nigerian Economy. A Special Task Force Committee on Electric Power Sector was inaugurated on Thursday with objective to help with developing, planning and driving forward, the reform plan for the Nigerian Power Sector within its tenure of two years. ThisDay
