Growth
Fed nominees pledge inflation fight, help growth
US - Two candidates for the Federal Reserve board, Susan Bies and Mark Olson, Wednesday gave their support to the U.S. central bank's dual mandate of fighting inflation and pursuing steady economic growth.
Expectations of rate cut up in ECB monthly report
GERMANY - The European Central Bank yesterday strengthened expectations that it will cut interest rates soon by saying the eurozone faced moderate inflationary pressures but continuing risks to economic growth.
Fed's Ferguson - Long term US econ prospects sound
US - Federal Reserve Vice Chairman Roger Ferguson on Tuesday said the U.S. economy's longer-term prospects "remain sound," but said it is not known how long it will be before U.S. economic growth begins to recover from the events of 11 September.
ECB's Issing: Unlikely HICP below 2% by end 2001
GERMANY - European Central Bank Chief Economist and Executive Board member Otmar Issing said Monday 15 October that third quarter euro-zone growth figures to be published by Eurostat in December aren't likely to be encouraging.
IMF upbeat on Russia
RUSSIA - The International Monetary Fund (IMF) has expressed confidence in the Russian economy, which it said is set to weather the downturn in oil prices and global growth.
BoJ fund draining casts doubt over prospects
JAPAN - The Bank of Japan has withdrawn much of the extra money that it pumped into the Japanese economy in the wake of the 11 September terrorist attacks, casting further doubts over the country's dismal growth outlook.
US economy in freefall
The US economy, which makes up one quarter of world economic output, is slowing sharply, and bringing down growth throughout the rest of the world.
Price and exports falls hit Africa
Economic growth in Africa is projected to reach 4% this year, according to a report by the International Monetary Fund (IMF).
UK growth predicted 'to fall sharply'
UK - A leading think tank has forecast a sharp slowdown in the UK economy next year as a result of the suicide attacks on Washington and New York.
Welteke: No need to be too pessimistic on economy
GERMANY - Deutsche Bundesbank President Ernst Welteke said today, Wednesday 19 September, cautioned against being overly pessimistic about German economic growth prospects in the wake of last week's terrorist attacks on the U.S.
Eurozone growth slows to a crawl
EUROPE - Growth in the eurozone has slowed to a crawl, with the likelihood of a sustained slowdown heightened by this week's terrorist attacks on the US, gurus have warned.
Economist group sees slower growth ahead this year
US - The National Association for Business Economics has revised down its estimates of U.S. growth for both this year and next.
Is Chavez talking Venezuela into currency crisis?
VENEZUELA - Venezuela is enjoying high oil prices and one of Latin America's healthiest growth rates, but outspoken President Hugo Chavez may be literally talking his country into a currency crisis, economists said on Friday 7 Sep.
Welteke: Signs pointing to recovery in 2nd half
IRELAND - Deutsche Bundesbank President Ernst Welteke Tuesday 4 Sep expressed hopes that Germany's economic growth rate will begin to pick up later this year.
IMF to cut global forecasts
US - The IMF has cut its forecast for world economic growth this year to 2.8% from 3.2%, Reuters reported on 29 August citing unnamed sources at the international lender.
German growth slows to zero
GERMANY - Official figures confirmed the fact that the German economy slowed to a halt in the second quarter of the year.
French/German growth difference not structural
GERMANY - France's economic growth has outpaced that of Germany for several years recently but the stronger growth was due to special, not structural factors and the gap should narrow in the future, the Bundesbank said on 16 August.
German banking fed cuts 2001 growth forecast
GERMANY - The German banking federation (BVB) said on 20 August it had cut its forecast for German growth for 2001 to 1.0 - 1.5 percent from an earlier 1.5 percent.
Faster growth? If we want it
SPEECH - An address by Donald T. Brash, Governor of the Reserve Bank of New Zealand to the Catching the Knowledge Wave conference, Auckland, 2 August.
Commission paper highlights euro challenges
A new publication by the European Commission surveys the first two years of the euro's existence and highlights some of the challenges ahead.
Finance minister McCreevy defends Irish budget
IRELAND - Ireland's Finance Minister, Charlie McCreevy, whose budget was singled out for a reprimand by the European Commission, said in front of euro MPs that he was "amused" by the criticism, especially as other member states had debt to GDP ratios…
Standards and Codes-A tool for growth- IMF Koehler
SPEECH - Horst Kohler, managing director of the IMF, gave a interesting speech titled "Standards and Codes - A Tool for Growth and Financial Stability" on Mar 7, 2001, at a joint IMF/World Bank Conference on International Standards and Codes. He outines…
Selected IMF working papers published
The IMF has recently published a number of working papers on subjects ranging from inflation targeting, central bank independence, to endogenous growth. Links to the papers are given.
'Inflation, Financial Development'-Peter Rousseau
Peter L. Rousseau from Vanderbilt University and Paul Wachtel from the Stern School of Business, New York University have published an article called "Inflation, Financial Development and Growth". The last decade saw an explosion in research interest on…