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The most important economic events expected this week 9 to 13 March 2020
This week we await the results of some important economic indicators, which we highlight below:
British GDP: Wednesday, 12:30. This GDP is published every month. In December, the economy rebounded with a 0.3% rise, after a 0.3% drop the previous month. The reading rose above the 0.2% estimate. Analysts expect 0.2% lower gains in January.
The issuance of the British annual budget: Wednesday, 11:30. The new treasury adviser, Rishi Snack, will introduce the new UK budget. This event, also known as the Spring Statement, will consist of new expectations for the economy. With turmoil in the market due to the Corona Virus crisis, any cuts could spark investors and hurt the Pound.
Eurozone Adjusted GDP: Tuesday, 13:00, economic conditions in the Eurozone remain weak, with a growth rate of only 0.2% in the past two quarters. Estimates for the fourth quarter are 0.1%.
American Inflation: Wed 15:30. Consumer inflation remains weak, with big gains of 0.1% in January being the weakest reading since September. The downtrend is expected to continue, with a 0.0% forecast for February.
European Central Bank Interest Rate Decision: Thursday, 15:45. The European Central Bank has been satisfied with keeping interest rates at zero since 2016, and no change is expected at the next meeting. The dovish rate statement may put pressure on the euro.
German final CPI: Friday, 10:00. Consumer inflation in the euro zone's largest economy remains weak, as the CPI has recorded declines in the past three readings. January's reading was -0.6%. Analysts expect a solid showing in February, with a 0.4% rating.
*All times are KSA
