Growth
IMF delivers gloomy Greece update
IMF releases Fifth Review Under the Stand-By Arrangement for Greece; offers a bleak picture of the country’s economy and future
Eurozone crisis catches up with Estonia
Bank of Estonia becomes latest central bank to cut growth expectations; says eurozone crisis could cause a recession in the country
Norges Bank regional network reports weakening markets
Latest reports from regional network of enterprises, organisations and local authorities reveal lower output growth and somewhat weaker market prospects in Norway
European uncertainty reflected in central bank decisions worldwide
Germany, Austria, India and South Korea lower growth estimates as a slew of countries hold interest rates; world looks on and waits to see if Europe can agree a solution to the sovereign debt crisis
Sluggish growth outlook forces ECB to take drastic action
European Central Bank lowers rates by 25 basis points as sovereign debt crisis weighs in on growth; Governing Council reveals new liquidity measures to ease funding conditions
Lagarde calls Arab Spring a ‘beacon of light’
Christine Lagarde expresses her hope for the countries affected by the Arab Spring uprisings; calls on international community to support the growth of economies in the region
Credit booms linked to financial crisis – IMF paper
IMF working paper shows credit growth becomes less dependent on bank soundness during boom periods
BoJ sees moderation in growth ahead
Bank of Japan November Report of Recent Economic and Financial Developments shows slowdown in global demand is expected to moderate pace of growth in Japan
Interest rate growth differentials matter for debt sustainability: IMF paper
Fund study says low values of interest rate growth differential in non-advanced economies provide strong support for debt sustainability
MAS’s Ong says insurance industry can aid growth
Monetary Authority of Singapore deputy managing director Ong Chong Tee says Asia’s growth prospects are at risk from events in developed countries
IMF paper highlights growth opportunities for Central America
Fund study says better regulation and more open markets can increase growth convergence in Central American countries
Chinese officials jailed over information leaks
Two government officials are given lengthy prison sentences; found to have leaked information on economic growth, retail sales and inflation figures
Fed’s Beige Book reports on fragile state of US economy
Federal Reserve Beige Book reports restrained employment conditions, as outlook for growth continues to be marred by uncertainty
RBI paper measures optimum inflation threshold
Reserve Bank of India study makes case for adoption of lower inflation target than current threshold level
BoJ data signals boost in recovery effort
Bank of Japan’s Tankan survey highlights positive outlook for economy as business sentiment among Japanese manufacturers improves
Easier access to credit can replace foreign aid: St Louis Fed paper
St Louis Federal Reserve study argues that easier access to international credit can on occasion prove more effective to developing countries than foreign aid
Bank of Finland forecasts China’s economy to slow
Bank of Finland Institute for Economies in Transition says growth in China is expected to weaken to 9% in 2011 from 10.4% in 2010
Bernstein sounds warning to new Danish government
Governor Bernstein says there is no need for fiscal stimulus; urging government to pull back from election process stimulus promises
Italy unfazed by S&P downgrade
Standard and Poor's downgrades Italy's credit rating by one notch to A; Italian government slams move, reaffirms confidence in fiscal reforms
Public capital productivity is high: IMF paper
Fund study shows that public capital investments explain variations in economic growth in middle- and low-income countries
Supply-side constraints are mostly resolved: BoJ
Bank of Japan September report on Recent Economic and Financial Developments says decline in supply-side constraints has led to pick-up in economic activity
SNB paper identifies creative destruction effect in competitive markets
Swiss National Bank study expands on Schumpeterian growth models to highlight pro-competitive effects of technology from new entrants
Trichet preaches sustainable long-term growth
Jean-Claude Trichet urges policymakers to aim for sustainable growth
Lagarde calls for urgent action
Lagarde sets out plans for Europe, the US and on a global scale to support 'fragile' recovery