Housing starts are expected to increase to an annual pace of 1.036 million in tomorrow’s update for December, according to The Capital Spectator’s median point forecast for several econometric estimates. The projection represents a marginally higher level of residential construction vs. November’s 1.028 million units.
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Daily Archives: January 20, 2015
Forecasters Expect Slightly Faster Global Growth In 2015
The global economy was growing moderately at the end of last year, but the pace of the expansion slowed to a 14-month low, according to the December update of the JPMorgan Global All-Industry Output Index. “The underlying dynamics of the survey are weaker across the board, with indices for output, new orders, backlogs and employment all tracking lower,” the press release noted. But if this is a prelude to a global recession in the year ahead, it’s not obvious to a number of widely followed forecasting groups.
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Initial Guidance | 20 January 2015
● Economy Gives Obama Slight Lift Ahead of Sixth State of the Union | NBC
● German ZEW economic sentiment rises to 11-mo high in Jan | Investing.com
● German producer price deflation worsens increasing pressure on ECB | IBT
● China economy expands 7.4% in 2014; lowest since 1990 | USA Today
● As Growth Slows, China Pins Hopes on Consumer Spending | NY Times
● Global economic growth is expected to increase marginally in 2015 | UN