Tuesday, March 20, 2007

Economic news

According to Gerard Baker the chancellor's last budget will be less significant than what the Fed will announce tomorrow. Probably there won't be an interest rate change (fall), but many speculate about the hint of a recession, given recent financial stock market behaviour.

However, according to James Hamilton the probability of a recession in Q3 2006 was only 9%. As this is no forecast it still leaves the option of a recession open. According to Investment news:

However, economic forecasters in a survey released last week from New York-based put the odds of a recession over the next 12 months at just 25%.

No comments: