U.S. House Prices and 2009 Growth Prospects
U.S. House Prices and 2009 Growth Prospects
The range of U.S. growth forecasts in 2009 is about twice as wide as the one-percentage point band one typically finds at the start of a calendar year. Housing, a root cause of the recession, remains a main source of uncertainty over how much longer the downturn will last […]
Final US Q3 GDP Growth Estimate Left Unrevised
Final US Q3 GDP Growth Estimate Left Unrevised
The final, or third, estimate of Q3 GDP growth was left unchanged at -0.5% relative to the preliminary estimate that was released last month. Market expectations had been for the growth rate to remain unrevised.
The unchanged GDP growth rate reflected limited revisions within the major expenditure components. There […]
Swiss Leading Indicator Fall as Pessimistic Growth Outlook
Swiss Leading Indicator Fall as Pessimistic Growth Outlook
Switzerland’s leading KOF indicator dropped to the lowest level in at least five years. The indicator predicts the economy’s direction about six month ahead fall to -0.05 from revised 0.28 reading in October and far below economists expected of 0.20. This is the first time the KOF index […]