Tuesday, April 5, 2011

Global Economy upcoming April 2011

by IndoPremier Securities

The final estimate of the United States gross domestic product in the fourth quarter of 2010 showed the economy grew 3.1% on an annualized quarter-on-quarter basis. That compared to previous estimate of 2.8% and prior quarter’s record of 2.6%.
Thailand’s central bank said it expects further hike in interest rate as the risk balance is tilted toward inflation rather than economic growth.
Standard & Poor’s Ratings Services has cut the ratings of Portugal and Greece to BBB- and BB- on account of lending conditions approved for the European Stability Mechanism (ESM). The terms may be detrimental for commercial creditors if the countries borrow from the ESM.

Indonesia Economy

Consumer prices unexpectedly dwindled 0.32% in March 2011 from prior month, thanks to large deflation in food prices. Year-on-year inflation thus decelerated to 6.65% from 6.84% in February.
Exports and imports were recorded at US$ 14.4 billion and US$ 12 billion in February 2011, respectively 1.42% and 4.47% lower than in a month before.
Consumer confidence index increased to 107.1 last month from a revised 106.4 in February, Bank Indonesia said in its latest consumer survey. The same report also highlighted decreased measures of inflation expectation.

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