ECB’s Sramko on the Wires
ECB’s Sramko: Period of recover is seen as moving deeper in 2010
- Uncertainty continues in globlal economic outlook
Economic Calendar (6/26/2009)
Friday, June 26, 2009
IMF’s Lipsky on the Wires
IMF’s Lipsky: Confidence seems to be recovering, IMF likely to revise projections slightly upwards, particularly for 2010
- Recovery still likely to be sluggish
- Risk of wide spread financial collapse has declined
- Recovery could be stronger than current expectations
- Adds that coherent exit strategies should be ready
- Remaining fiscal space is quite limited across the world
- Building up large currency reserves could undermin the economic recovery
***Reminder: On Jun 19th Lipsky stated that the IMF planned to modestly raise its 2010 growth forecast for global economy and this mirrored G8 sources that IMF 2010 global growth forecasts could be raised to +2.4% from the +1.9% prior view made back in April.
EUROZONE Industrial New Orders Released
EU’s Industrial New Orders came out worse than expected at -1.0% from the previous -0.8%. A rise to 0.0% was forecast.
UK’s BBA Mortgage Approvals Released
UK’s BBA Mortgage Approvals beat expectations at 31.2K from the previous 27.7K. A rise to 29.5K was forecast.
New Zealand’s Prime Minister Key Comments
Prime Minister Key: Rapid rise in NZD could counter recovery
ECB’s Bini Smaghi on the Wires
ECB’s Bini Smaghi: Must resist nationalism in push for financial oversight reforms; Sees signs of stabilization in financial markets
- Hedge Funds must be part of any risk assessment
IMF’s Lipsky on the Wires
IMF Lipsky: IMF to modestly raise 2010 growth forecast for global economy
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