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Squeezing the Water Out of China’s Spongy Growth Numbers

A worker at a textile factory in Jiujiang, Jiangxi province.
Zuma Press

China’s economy slowed down a fraction in the third quarter of the year.

Source: http://blogs.wsj.com/economics/2014/10/22/squeezing-the-water-out-of-chinas-spongy-growth-numbers/?mod=WSJBlog

Eurozone GDP Likely to Resume Modest Recovery

The European Central Bank will make certain its stimulus measures are large enough to ensure that inflation gets back to its goal of just below 2%, ECB executive board member Peter Praet said Friday.
In prepared remarks to a conference organized by the Institute of International Finance, Mr. Praet said the eurozone economy likely resumed expansion in the third quarter after stalling during the second quarter.
But the recovery is likely to be modest, said Mr. Praet, who also serves as the ECB’s chief economist.

Source: http://blogs.wsj.com/economics/2014/10/10/eurozone-gdp-likely-to-resume-modest-recovery/?mod=WSJBlog

The Federal Deficit is Now Smaller than the Average Since the 1980s

The federal government’s deficit in fiscal year 2014 was $195 billion smaller than last year — clocking in at a shortfall of $486 billion, according to an estimate from the Congressional Budget Office. The deficit was $20 billion smaller than the CBO had estimated as recently as August.

Source: http://blogs.wsj.com/economics/2014/10/08/the-federal-deficit-is-now-smaller-than-the-average-since-the-1980s/?mod=WSJBlog

How Obama Is Caught Between Economic Growth and Shrinking Incomes

In President Barack Obama‘s big speech on the economy Thursday, the president touted his party’s economic agenda and repeated a claim similar to one he’s made before: “It is indisputable that our economy is stronger today than it was when I took office.”

Source: http://blogs.wsj.com/economics/2014/10/03/how-obama-is-caught-between-economic-growth-and-shrinking-incomes/?mod=WSJBlog

Hong Kong, Asian Economies to Weather Protests: ADB Economist

The demonstrations in Hong Kong will not impact the economy unless they continue for some time, according to the new chief economist of the Asian Development Bank.
Bloomberg N

Source: http://blogs.wsj.com/economics/2014/10/02/hong-kong-asian-economies-to-weather-protests-adb-economist/?mod=marketbeat

Economists Lower Japan Growth Estimates

At least two private economists are marking down their growth estimates for a quarter that is set to shape the government’s decision on whether to raise the national sales tax next year.

Source: http://blogs.wsj.com/economics/2014/10/01/economists-lower-third-quarter-growth-estimates/?mod=marketbeat

Business Economists See Lower Interest Rates than the Fed Sees in Late 2015

Business economists are skeptical that the Federal Reserve’s benchmark interest rate will top 1% by the end of next year as central bank officials project.
The poll of 46 professional forecasters by the National Association for Business Economics pegged the federal-funds rate target at 0.845% at the end of 2015. That reading is well below the median 1.25-to-1.50% range Fed officials themselves projected for the end of next year in forecasts released earlier this month.

Source: http://blogs.wsj.com/economics/2014/09/29/business-economists-see-lower-interest-rates-than-the-fed-sees-in-late-2015/?mod=WSJBlog
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