S.D. at Free Exchange reports that the IMF has revised its world economic growth indicator upwards by 0.4% to 4.6%. The IMF indicated that it believed world growth was 5% for the first quarter of 2010. Meanwhile, Alex Frangos at Real Time Economics reports that the IMF's chief economist, Olivier Blanchard, has said that developing countries still need to worry about big inflows of money.
BALTIC DRY INDEX AT LOWEST POINT IN YEAR
BANK NEGARA MALAYSIA RAISES OVERNIGHT POLICY RATE TO 2.75% FROM 2.5%
Shamim Adam at Bloomberg reports.
BRAZILIAN SENATE APPROVES NEW STATE OIL COMPANY
Upstream Online reports that the Brazilian Senate has OK'd a new oil company to handle the offshore pre-salt fields, tentatively to be called Pre-Sal Petroleos. The bill remains stuck in the lower house of the Congress, however.
US AND MEXICO TO FORM BILATERAL COUNCIL ON COLORADO RIVER
David Steffen at the Imperial Valley Press reports that the US and Mexico have agreed to set up a bilateral council on the Colorado River.
"The U.S. and Mexican governments, Colorado River basin states and {International Boundry and Water Commission] representatives would make up the council. Its mission would be to facilitate administrative and legal aspects associated with the binational agreement, according to the minute."
COMMERCIAL VACANCIES CONTINUE TO CLIMB
Mark Thoma at Economist's View posted the following graph:
INFLATION NOWHERE TO BE FOUND
Menzie Chinn at Econbrowser checks a variety of data looking for US inflation, but finds none. Here is his graph of the annualized 3 month change in price indices.
TEMP JOBS UP 19.6% YEAR OVER YEAR BUT FULL TIME DOWN 0.7% YEAR OVER YEAR
Invictus at the Big Picture reports that temp jobs are up 19.6% year over year, the most since the data series began to be recorded in 1990. Private sector full time jobs less temp jobs is down 0.7% year over year, unusually low given the temp jobs number.
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