Growth
Ecuador bank chief predicts 6% growth for 2003
ECUADOR - Ecuador's economy is set to expand by six per cent next year, up from four per cent growth this year, the country's central bank president, Mauricio Yepez, predicted on Friday.
Fed's Parry still sees modest U.S. expansion
US - A top Federal Reserve policy-maker said on Friday he still thinks the United States is in a modest economic expansion, despite weaker-than-expected growth figures for the June quarter.
Bush, Greenspan review economy over lunch
US - President Bush on Thursday hosted Federal Reserve Chairman Alan Greenspan for lunch to review the U.S. economic outlook following a second-quarter growth slowdown.
Bank of Canada, Monetary Policy Report Update
REPORT - Bank of Canada, Monetary Policy Report Update, July 2002. The report projects economic growth for Canada in the range of 3 to 4 per cent to the end of 2003. The report also says the Bank is committed to achieving the 2 per cent target for…
Sectors fared well - Oman's c bank annual report
OMAN - The non-petroleum sectors in Oman recorded significant growth in 2001, according to the Central Bank of Oman's annual report.
Floating rates are good for Zloty says Balcerowicz
POLAND - "We won't have fast economic growth if we don't heal public finances," said Leszek Balcerowicz, governor of Poland's central bank, in a speech before parliament on Tuesday.
Bank of France's Trichet sees euro zone growth
FRANCE - Bank of France governor Jean-Claude Trichet urged investors to "stay calm" during the slump in global financial markets, saying Wednesday that the downturn should not prevent growth in the 12-nation euro zone.
Increase in money returned by Pakistani's abroad
PAKISTAN - Remittances from Pakistanis living overseas more than doubled in the financial year that ended last month - their most robust growth for years, the State Bank of Pakistan said on Thursday.
Speech by Svein Gjedrem, Norges Bank, 11 June
SPEECH - In a speech titled 'Monetary policy and wage growth', Svein Gjedrem, governor of Norges Bank, addresses the general assembly of the Employers' Organisation NAVO, 11 June 2002.
Japan enjoys strongest growth for two years
TOKYO - Japan's economy has at last emerged from recession, enjoying its strongest growth for two years. The economy has rebounded from three straight quarters of contraction, growing 1.4% in the first quarter, which is an annualised rate of 5.7%.
Use standard loan documents: MAS
SINGAPORE - The Monetary Authority of Singapore (MAS) yesterday encouraged Singapore banks to adopt standardised templates for loan documentation, saying this would benefit them and borrowers, as well as help in the growth of the loan syndication market.
Japan 'to show strong growth'
JAPAN - Recoveries in exports and consumer spending will drive robust growth in Japan's economic output, leading researchers have predicted.
Stern sees signs business spending picking up
FEATURE - Federal Reserve Bank of Minneapolis President Gary Stern said on Thursday that business spending was starting to pick up and the U.S. economy is on track for moderate growth this year.
Germany's recession at an end
GERMANY - Economic growth has returned to Europe's biggest economy, Germany after six months of recession.
Survey of Professional Forecasters
RESEARCH - Federal Reserve Bank of Philadelphia, Survey of Professional Forecasters, Second Quarter 2002, released 21 May.
Bank of Canada Review, Spring 2002
RESEARCH - The Bank of Canada Review is a quarterly publication that contains economic commentary and feature articles. The Spring 2002 edition was released on 16 May.
Outgoing MPC member criticises B of E rates record
UK - The Bank of England would have delivered a significantly more impressive performance on both growth and inflation if interest rates had been kept lower over the past few years, according to research carried out by Sushil Wadhwani, a soon to depart…
Fed's Moskow - Much uncertainty on U.S. recovery
US - Uncertainty lingers over the early shape of the U.S. recovery though the economy is on track for moderate growth and the long-term outlook is good, a Federal Reserve official said on Thursday.
ECB Occasional Papers Series
RESEARCH - Estimating the trend of M3 income velocity underlying the reference value for monetary growth by C. Brand, D. Gerdesmeier and B. Roffia, May 2002.
Santomero - US growth likely 'bit slower' in Q2
US - Economic growth in the second quarter is likely to be a "bit slower" than the 5.8 pct growth rate in the January-March quarter, said Anthony Santomero, the president of the Federal Reserve Bank of Philadelphia.
Brazil's Fraga says rates may be cut further
BRAZIL - Central bank chairman Arminio Fraga said he has indications that demand is falling and GDP growth is weakening in Brazil, which would justify new interest rate cuts.
US rates left on hold - for now
US - The US Federal Reserve has left interest rates unchanged at their current 40-year low of 1.75%, citing 'uncertain' growth prospects in the coming months.
Mexico shows signs of end to recession
MEXICO - The Bank of Mexico on Tuesday raised its forecast for the country's gross domestic product growth this year to 1.8 per cent from 1.5 per cent, apparently confirming predictions that the economy is starting to follow the US out of recession.
US economic growth soars
US - Economic growth in the US soared to 5.8% during the first three months of 2002, the US Commerce Department has reported.