The likelihood of a vote in favor of the United Kingdom (UK)’s exit from the European Union (EU) was expected as an obvious disaster for 99% of economists, analysts and bankers. In June 2016, the UK did vote for the Brexit, launching a complex unprecedented...
United States’ CEOs’ plans for hiring and investment, and expectations for sales over the next six months jumped sharply with the largest increase since the fourth quarter of 2009, according to the Business Roundtable first quarter 2017 CEO Economic Outlook Survey. CEOs project 2.2 percent […]
China’s government work report set a target of around 6.5 percent in 2017, “which is a medium high-speed growth in line with economic laws for the country’s USD 11 trillion economy”, Premier Li Keqiang told lawmakers on March 6, 2017. Describing a shifting global economic […]
According to IHS Markit, Worldwide manufacturing business conditions showed the largest improvement for more than five-and-a-half years in February 2017, with global trade expanding at the fastest rate for just under six years and optimism about the future continuing to improve. Indeed, the JPMorgan Global […]
For the German Institute for Economic Research Ifo, the economic climate of the euro area for the first quarter of 2017 has improved markedly. Indeed, the Ifo index jumped from 8.2 to 17.2 balance points quarter-on-quarter and reflected significant optimism on behalf of the experts […]
Forecasts show more economic stabilization than robust and sustained revival of global demand, a new United Nations economic report has found. According to the UN flagship World Economic Situation Prospects 2017 report (WESP), the world economy expanded by just 2.2 per cent in 2016, the […]
The euro and oil prices have a significant downside potential on the assumption of a victory of Marine Le Pen in France’s 2017 presidential race as the euro could fall by 10 cents to about USD 0.98 within a few weeks and oil could drop […]
“India’s economy is projected to sustain a 7.6% growth rate in both fiscal years 2016-17 and 2017-18,” according to a year-end report issued by the United Nations (UN). On this occasion, Cyceon reminds a previous assessment saying that India’s economic future somehow depends on China’s,...
“Excited about joining Apple as a director of AI research,” tweeted Ruslan Salakhutdinov while announcing his recruitment by the Cupertino-based tech giant. Salakhutdinov, an expert in deep learning – artificial neural networks seeking patterns within large amounts of data – has become one prominent human […]
In December 2015, Cyceon wrote that you should get ready because politics is gonna rock the economy. 10 months later, the “hold-up” of politics over the economy did succeed. In addition to the increasing unpredictability of the voters, elected politicians have actually helped such a […]