Sunday, August 16, 2015

Greece economic growth outlook 2015-2016

World Economic outlook -Greece economic growth outlook 2015-2016 : Greece has repeatedly complained that the austerity measures demanded by its creditors -- the EU, the European Central Bank and the International Monetary Fund -- in return for two previous bailouts have only hurt an economy which has contracted by a quarter since the crisis broke.

Greece will tumble back into deep recession this year and next, EU sources said Wednesday, as Athens implements a tough third debt rescue hammered out with its international creditors.

China overall impact on U.S. Economic growth

World Economic outlook - China overall impact on U.S. Economic growth : U.S. stocks declined broadly on Tuesday as China's devaluation of its yuan currency hit companies with a big exposure to the world's No. 2 economy and added to worries about the global economic outlook.

 The yield on benchmark 10-year Treasuries fell more than 5 percent in U.S. trading today, moving down to 2.12 percent in early afternoon. So the most immediate practical impact of China's move in the U.S. may be that mortgage rates stay lower for longer.