Euro zone crisis hammering developed economies: Reuters poll
By Ross Finley
(Reuters) – The outlook for developed economies remained dangerous in November despite an emerging split between Europe, ravaged by an intensifying sovereign debt crisis, and a slightly better performance in the United States.
Reuters polls of more than 250 economists, taken after G20 leaders left a critical summit in Cannes with no concrete plans to solve the crisis, provide some of the strongest evidence yet that the euro zone is already in recession.
Bank bond purchases to rise to 325 billion pounds – poll
LONDON (Reuters) – The Bank of England will be forced to snap up an additional 50 billion pounds of government bonds in the stimulus programme it expanded on Thursday to 275 billion pounds, a Reuters poll of economists showed.
Grappling with an economy that has barely grown in nine months and a real economic and financial threat from the sovereign debt crisis engulfing Britain’s main trading partner, the euro zone, the Bank has sprung back into action.
Risk of second recession rising in developed economies
LONDON (Reuters) – The developed world’s economies have become ensnared in a growth slowdown that threatens to turn into recession, at a time when room for manoeuvre with bold policy responses has narrowed significantly, Reuters polls showed.
Surveys of more than 250 economists in North America, across Europe and Japan portend steadily increasing chances that central bankers will need to fire any weapons they may have left to stave off disaster.
Second recession risk rising in developed world – Reuters poll
LONDON (Reuters) – The developed world’s economies have become ensnared in a growth slowdown that threatens to turn into recession, at a time when room for manoeuvre with bold policy responses has narrowed significantly, Reuters polls showed.
Surveys of more than 250 economists in North America, across Europe and Japan portend steadily increasing chances that central bankers will need to fire any weapons they may have left to stave off disaster.
Recession predictions? Better late than never
The chances of a second U.S. recession are rising. But just how high a probability is always difficult to gauge. The latest Reuters consensus from private sector economists – most employed by an industry that got us into the mess – is currently one in four. That’s not very high, but it has crept up from one-in-five when we asked the same people two weeks ago.
In the meantime, the U.S. has done what many would never have thought possible – it lost its AAA sovereign debt rating from Standard & Poor’s, thanks to an acrimonious political debate over the debt ceiling and, in S&P’s judgment, inadequate legislation to tackle deficits over the long-term. Global stock markets have plummeted 20 percent since May, racking up staggering losses over the past few days, rattled by that U.S. rating downgrade, worries about a world economic slowdown, and a spiralling euro zone debt crisis that now is lapping at the shores of a G7 country — Italy.
U.S. outlook casts shadow over world economy – Reuters poll
BANGALORE (Reuters) – The chances of another U.S. recession are rising and Europe’s recovery is also at risk, according to the latest Reuters poll, taken during the worst stock market selloff since the nadir of the financial crisis.
The latest survey of more than 200 economists, published four years to the day that credit markets first started to dry up, showed analysts cutting forecasts for U.S. growth, a reflection of widespread concern the global economy is slowing rapidly.
U.S. outlook casts shadow over world economy
BANGALORE (Reuters) – The chances of another U.S. recession are rising and Europe’s recovery is also at risk, according to the latest Reuters poll, taken during the worst stock market selloff since the nadir of the financial crisis.
The latest survey of more than 200 economists, published four years to the day that credit markets first started to dry up, showed analysts cutting forecasts for U.S. growth, a reflection of widespread concern the global economy is slowing rapidly.
No interest rate hike seen this year – Reuters poll
LONDON (Reuters) – Faced with a stalling economy, the probability that the Bank of England will launch a second round of government bond purchases has crept up to one in four from one in five over the last month, according to the latest Reuters poll.
The poll of 63 economists, conducted mostly after news the UK economy grew by just 0.2 percent in the second quarter, rounding off a nine-month period of effective stagnation, also saw a tailing off in the probability of a rate hike this year.
No Bank rate hike in 2011 – Reuters poll
LONDON (Reuters) – Faced with a stalling economy, the probability that the Bank of England will launch a second round of government bond purchases has crept up to one in four from one in five over the last month, according to the latest Reuters poll.
The poll of 63 economists, conducted mostly after news the UK economy grew by just 0.2 percent in the second quarter, rounding off a nine-month period of effective stagnation, also saw a tailing off in the probability of a rate hike this year.
No Bank rate hike in 2011; chances of QE2 rising – Reuters poll
LONDON (Reuters) – Faced with a stalling economy, the probability that the Bank of England will launch a second round of government bond purchases has crept up to one in four from one in five over the last month, according to the latest Reuters poll.
The poll of 63 economists, conducted mostly after news the UK economy grew by just 0.2 percent in the second quarter, rounding off a nine-month period of effective stagnation, also saw a tailing off in the probability of a rate hike this year.
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