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BusinessGerman Business Sentiment Tumbles in December Amid ‘chronic’ Weakness
Top StoriesECB’s Rehn Says Speed, Scale of Rate Cuts to Be Decided at Each Meeting
FinanceSwiss Economy to Grow 1.5% Next Year, Government Forecasts
UncategorizedAnalysis-Italy’s Growth Bubble Bursts to Reveal Fragile Outlook
How Germany’s Parties Say They Will Revive Its Anaemic Economy
Date: December 17, 2024
By Maria Martinez BERLIN (Reuters) -Germany’s main political parties will present their election programmes on Tuesday, a day after parliament backed a no-confidence motion in Chancellor Olaf Scholz’s government, paving the way for a snap election on Feb. 23. Disagreements over how to save Europe’s largest economy had been the main factor behind the collapse...
French Central Bank Trims Growth Outlook on Political Drama
Date: December 17, 2024
PARIS (Reuters) – France’s economy will grow more slowly than expected in the next two years as its home-grown political turmoil adds to the global volatility weighing on activity, the central bank forecast on Monday in its quarterly outlook. After growth of 1.1% this year, the euro zone’s second biggest economy will expand 0.9% in...
Britain to Publish Economic and Fiscal Forecasts on March 26
Date: December 16, 2024
LONDON (Reuters) – Britain will publish its next set of economic and fiscal forecasts from the Office for Budget Responsibility (OBR) on March 26, finance minister Rachel Reeves said in a statement on Monday. The forecasts will be the first test of whether Keir Starmer’s Labour Party government, elected in July, is on track to...
Factbox-Criteria to Adopt the Euro Currency
Date: December 16, 2024
BRUSSELS (Reuters) – Bulgaria might enter the euro zone and become the bloc’s 21st member on January 1, 2026, if it receives a green light from the European Commission and the European Central Bank in 2025. European Union countries aspiring to adopt the single currency need to fulfill criteria in four areas: inflation, public finances,...
Decline in Euro Zone Business Activity Eases in December, PMI Shows
Date: December 16, 2024
By Jonathan Cable LONDON (Reuters) -The decline in euro zone business activity eased this month as the bloc’s dominant services industry bounced back to growth and offset a long-running contraction in the manufacturing industry, a survey showed on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global, rose to 49.5 in...
German Business Activity Ends Year in Contraction Territory, PMI Shows
Date: December 16, 2024
By Maria Martinez BERLIN (Reuters) – Germany’s economic downturn eased slightly in December but business activity still contracted for a sixth month running, according to a survey published on Monday. The HCOB German flash composite Purchasing Managers’ Index, compiled by S&P Global, rose to 47.8 from 47.2 in November, but remained in contraction territory. Analysts...