Dutch asset manager NN Investment Partners assesses financial markets have over-estimated the chances of a global recession. It said it is difficult to say the likelihood of a recession is any more than 20%. Valentijn van Nieuwenhuijzen, head of Multi-Asset at NN Investment Partners, commented: “Developed market growth momentum fell back somewhat to around a 1%-annualised […]
By Mark Burgess, Columbia Threadneedle CIO, Emea With markets recording their worst January for many years, the prominent question is whether setbacks in the financial markets will lead to global economic recession as they did in 2008? Are we facing another situation where the fallout from financial turmoil threatens underlying growth? I don’t think so. […]
We are surprised there has been such a sudden change in the view of the Chinese economic outlook. All the work we do is out on the road visiting companies and we have been acutely aware of the slowdown. This is a slowdown that has been progressing for two years. We made the bold decision […]
Dario Perkins, chief European economist at Lombard Street Research has published an outlook on the risks of another recession, and suggested that even were it to happen in the near future it would be relatively mild. The post-War trend is for a recession to strike after every five years of US GDP growth. That means […]
There was a large hue and cry about the recently announced Japanese GDP statistics that indicated that the country was in a recession. There are three important things to know about this, however… Firstly, these statistics often get heavily revised and it would not be shocking to see the most recent quarter revised up into […]
Seasonally adjusted GDP rose by 0.2% in the eurozone during the third quarter of 2014, compared with the previous quarter, according to flash estimates by Eurostat, the statistical office of the European Union. In the second quarter of 2014, GDP grew by 0.1% in the eurozone. Among the eurozone seven biggest economies, Poland outperformed the […]
Italy has fallen back into recession in the third quarter of 2014, the latest data released by the national statistics office Istat has revealed. The country’s GDP decreased by 0.1% in the first nine months of the year, marking the 13th month of recession in a row. Italy’s GDP dropped by 0.4% compared with the […]
Italy’s economy minister Pier Carlo Padoan told Il Corriere della Sera that the Italian government could lower its growth forecasts soon. Before Italy fell back into recession, the Italian government currently predicts that GDP will rise by 0.8% this year. Pier Carlo Padoan told the Corriere della Sera newspaper that: “We must revise the GDP growth […]
Italy’s GDP unexpectedly shrunk by 0.2% in Q2 with respect to Q1 in 2014, the Italian National Institute of Statistics (Istat) has revealed. According to the latest release, the country’s GDP has also gone down by 0.3% compared with the same period of 2013. The decrease was said to be caused by a general drop […]
Azad Zangana, Schroders European Economist, comments on Markit PMI’s signals of a return to growth in Europe.
The Italian economy could exit from its recession in 2013, despite previous recessionary projections for the whole year, according to data released by the Bank of Italy.