United States: The White House Rises Growth Forecast For 2014
According to Reuters, Under a White House projection, the U.S. economy is expected to expand by 3.1% this year, faster than last year’s 1.7%. Growth would pick up to 3.4% in 2015, the White House said. The administration also forecast that unemployment would ease to an average of 6.9% in 2014.
Ukraine: ERBD To Invest EUR 5 Billion In Ukraine
According to Interfax Ukraine, the European Bank for Reconstruction and Development will invest EUR 5 billions by 2020 and could invest more if economic conditions permit.
Colombia: Unidad Nacional Voted As Main Force In Legislative Elections
In the legislative elections that were held on 9 March, the Unidad Nacional party, which supports President Santos, was the main force in the Senate and the House of Representatives. The Centro Democratico party, lead by Uribe, will constitute the main opposition party and clearly opposes President Santos’ initiative of negotiating a peace agreement with the FARC.
European Union: EU Prepares Russia Sanctions,NATO Sends Planes To Monitor Ukraine
Deutsche Welle reports that the European Union is preparing fresh sanctions against Russia in response to the ongoing crisis in Crimea. This comes as NATO announced it was to deploy reconnaissance aircraft in Poland to monitor events in Ukraine.
Germany: Top German Body Calls For QE Blitz To Avert Deflation Trap In Europe
According to The Telegraph, Marcel Fratzscher, Head of German Institute for Economic Research (DIW), has called for a full-blown quantitative easing by the European Central Bank (ECB) to head off a deflation spiral and avert Japanese-style trap.