International Finance

Tag : recession


Italy is back in technical recession

Istat indicated that domestic demand was growth neutral, whilst net exports were a drag on growth August 6, 2014: Istat just released its flash GDP estimate, signaling that in 2Q14 the Italian economy fell back into technical recession. According to Istat, the Italian GDP contracted 0.2% QoQ (from -0.1% QoQ in 1Q14) and 0.3% YoY....

UK output finally exceeds pre-recession levels

ING believes that BoE will end up tightening monetary policy sooner rather than later July 25, 2014: UK 2Q14 GDP growth has come in at 0.8%QoQ or 3.1% YoY, in line with market expectations. This is the fastest rate of annual GDP growth since 4Q 2007 and means that the UK economy has finally regained...

Phillips Curve Model

Phillips observed that one stable curve represents the trade-off between inflation and unemployment and they are inversely related. In other words, if unemployment decreases, inflation will increase and vice versa. 16th October 2013 The Phillips curve suggests there is an inverse relationship between inflation and unemployment, it is an ideal guide for policy makers (central...