economic forecasts

James Politi

Staff at the Federal Reserve Bank of San Francisco, home to Janet Yellen, the freshly-nominated Fed vice-chair, have just offered some fresh insight into their thinking on the shape of the US recovery.

In a 4-page letter published today, researchers Justin Weidner and John Williams took a close look at the pace of economic rebounds from previous recessions, starting in the post-second world war period, and conclude that this time around, US growth will reach nearly 4 per cent this year, and about 3.5 per cent next year. 

Simone Baribeau

The Bank of Canada put out its quarterly Monetary Policy Report. The outlook for Canada was little changed from October, with the economy expected to return to full capacity in the third quarter of 2011.

And a note of Canadian pride over how well the country has withstood the global recession seemed to seep into the report. 

Chris Giles

The Financial Times has an interview with Paul Fisher, head of markets, in tomorrow’s paper. Here are some initial impressions from an interesting chat, writes Chris Giles of the Financial Times