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FRB (Chicago) “The Effect Of Winter Weather On U.S. Economic Activity “
FYI: The unusually cold and snowy 2013–14 winter substan-tially disrupted the routines of people across the United States, leading commentators and policymakers to ask if the weather affected economic activity as well. Regards, Ted
W T O Cuts World Trade Growth Forecasts for 2015 and 2016 Reuters | Updated On: April 14, 2015 22:05 (I S T) By contrast, the current trade slump has come during a period of continued but modest economic growth, he said. The long-standing trend of trade growing about twice as fast as GDP appears to have broken, making forecasting particularly difficult, the W T O said. http://profit.ndtv.com/news/global-economy/article-wto-cuts-world-trade-growth-forecasts-for-2015-and-2016-755002
Tue Apr 14, 2015 10:15am EDT .(Reuters) Detroit, Stockton bankruptcies may flag wider problems: Fed's Dudley Dudley said borrowing to pay off a current year operating deficit is inconsistent with running a balanced budget, leaves the municipality with no new asset, and is "equivalent to asking future taxpayers to help finance today's public services." http://www.reuters.com/article/2015/04/14/usa-fed-municipals-bankruptcy-idUSL2N0XB16W20150414
It was a mild and almost non-existent winter for the Pacific NW. Other areas did not experience the harsh weather that the Northeast and Upper Midwest did. Weather is like that. One persons blizzard is another's sunshine.
Comments
Transitory or Terminal?
Putting First Quarter Weakness into Context/ Quarterly Outlook
by Diane Swonk, Chief Economist, Mesirow Financial
http://www.mesirowfinancial.com/economics/swonk/themes/themes_0415.pdf
If Anyone Cares What Christine Lagarde (I M F ) Says
Uneven Global Recovery, Complex Underlying Currents
April 14, 2015
http://www.imf.org/external/pubs/ft/survey/so/index.aspx?type=new
Also
The IMF forecasts that China will continue to be the largest contributor to global GDP growth from 2014 to 2015. The IMF predicts China will contribute 24% to the growth of the world economy in 2015; 2% more than the United States*.
http://kraneshares.com/international-monetary-fund-2015-forecast-china-largest-contributor-to-global-gdp-growth/
W T O Cuts World Trade Growth Forecasts for 2015 and 2016
Reuters | Updated On: April 14, 2015 22:05 (I S T)
By contrast, the current trade slump has come during a period of continued but modest economic growth, he said.
The long-standing trend of trade growing about twice as fast as GDP appears to have broken, making forecasting particularly difficult, the W T O said.
http://profit.ndtv.com/news/global-economy/article-wto-cuts-world-trade-growth-forecasts-for-2015-and-2016-755002
Tue Apr 14, 2015 10:15am EDT .(Reuters)
Detroit, Stockton bankruptcies may flag wider problems: Fed's Dudley
Dudley said borrowing to pay off a current year operating deficit is inconsistent with running a balanced budget, leaves the municipality with no new asset, and is "equivalent to asking future taxpayers to help finance today's public services."
http://www.reuters.com/article/2015/04/14/usa-fed-municipals-bankruptcy-idUSL2N0XB16W20150414
Is the weather angle being overblown here?