Online: | |
Visits: | |
Stories: |
Story Views | |
Now: | |
Last Hour: | |
Last 24 Hours: | |
Total: |
marctomarket.com / Ilan Solot / August 24, 2015
Poland releases its unemployment rate on Tuesday, and it is expected to tick lower to 10.1% in July. Recent data has come in on the weaker side, and many are now discussing deflation risks. Last week, PPI contracted by 1.7% and has been in negative territory since late 2012. Retail sales were considerably weaker than expected. Still, the minutes to the last central bank meeting stated that inflation is expected to gradually rise towards the 2.0% target. On Friday, Poland also releases its final Q2 GDP print. The preliminary GDP released in the middle of the month came in at 3.3% y/y, down from 3.6% in Q1. All in all, rates will probably be on hold for some time, but the risk of cut is growing.
South Africa’s Q2 GDP will be released on Tuesday, and is expected to fall to 2.0% y/y and 0.8% q/q. If confirmed, it would continue the gradual – albeit uneven – trend of slowing of the economy. The cycle high for GDP was seen in Q4 of 2010, at 3.4%. The biggest downside risk for the South African economy is the ongoing energy crisis with rolling blackouts. Production of electricity, gas and water are expected to continue declining.
The post Emerging Markets: Week Ahead Preview appeared first on Silver For The People.