Lower borrowing and gasoline helping? – Soctiabank

By FXStreet FXStreet (Guatemala) – Analysts at Scotiabank explained that many of the larger countries around the world — both advanced and emerging market economies — have been unable to generate consistently stronger momentum despite generally low borrowing costs and gasoline prices.

Key Quotes:

“Output growth in Japan likely expanded moderately in Q3 following the second quarter’s decline in response to the slowdown in China and the continuing underperformance of Japanese consumers. Canada’s third quarter real GDP should expand by an annualized 2½%, a rebound from the energy-depressed 0.7% annualized contraction in the first half of the year.

Likewise, Mexico’s economy is on track to recover to around a 3% annualized rate in the July-September period. Both countries are relying on relatively buoyant domestic spending and non-resource manufactured exports to their large U.S. neighbour to maintain historically modest forward momentum in the face of the continuing retrenchment in the commodity sectors, and energy markets in particular.”
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Source:: FX Street