Greenback Undermined
World Economy

Greenback Undermined

Research Team at Brown Brothers Harriman, a financial services firm, suggests that the weakness of the US economy and the caution by the Federal Reserve to raise rates again after the December lift-off has undermined the greenback, FXStreet reported. “Following the drawdown in February wholesale inventories reported on April 8, the Atlanta Fed GDPNOW tracker slashed its Q1 estimate to 0.1%, sending the doomsayers in the traditional media and blogosphere chattering with the “told you so” rants. In recent years, Q1 GDP has typically been exceptionally weak. Between 2010 through 2015, the US economy averaged 0.75% growth at an annualized rate in the first quarter. Growth in the remainder of the year averaged around 2.5%. Except in the first quarter of 2012, the US economic performance has been the worst of the calendar year. There have been various attempts to explain this pattern, but the key takeaway for investors is to get over it because the economy will.


Short URL : http://goo.gl/JWsjp0
  1. http://goo.gl/SWqi2b
  • http://goo.gl/Bzagyp
  • http://goo.gl/l5voig
  • http://goo.gl/cJFnOO
  • http://goo.gl/Uoc7M9

You can also read ...

Report says China’s economic development must rely on integration between innovation and industrial production,  and work must be done to ensure that innovation progress was passed on to production.
China's new economy will account for an estimated 12% of the...
The process of building a new government could take weeks, so markets may well move on from the result quickly.
Politics dominated trading on Monday, with the euro sliding as...
World countries are casting a shadow on the future of the global economic system.
Next month, when finance ministers and central bank governors...
TPP Nations Making Progress
The Trans-Pacific Partnership nations have made progress...
EU Seeks Protection for Uber-Style Jobs
The European Commission said on Monday it wants more social...
Japan PM Announces $17.8b Economic Stimulus Package
Japanese Prime Minister Shinzo Abe said he would seek to...
US to See Slower Growth
The pace of US economic growth will stay stuck in the low 2%...
The economy’s return to growth has eased pressure  on the authorities.
Now that Nigeria’s economy is recovering from its worst slump...