gdp
UncategorizedAsia Shares Stumble on China Anxiety; Gold and Bitcoin Rally
Top StoriesGerman Coalition Must Find Joint Response to Economic Malaise, Finance Minister Says
BankingThai Government, Central Bank to Keep Inflation Target for 2025
Top StoriesReaction to Reuters Report on China’s Stimulus Plans
Swedish Economy in Recession, Preliminary Data Shows
Date: October 29, 2024
STOCKHOLM (Reuters) – Sweden’s economy entered a technical recession in the third quarter as gross domestic product fell 0.1% compared with the previous quarter, preliminary figures from the statistics office showed on Tuesday. Swedish GDP also declined in the second quarter. An economy is considered to be in recession when the economy has contracted for...
Stoxx 600 Rises Ahead of Key Data and US Tech Earnings, Energy Shares Cap Gains
Date: October 28, 2024
By Ankika Biswas and Pranav Kashyap (Reuters) -Europe’s main stock index closed higher on Monday as gains across most sectors outweighed the weakness in energy stocks on a slide in oil prices, with investors looking for crucial economic data and big-ticket U.S. tech earnings scheduled for later in the week. The pan-European STOXX 600 finished...
Russian Central Bank Hikes Benchmark Rate to 21%, Highest Since 2003
Date: October 25, 2024
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) -Russia’s central bank hiked its key interest rate by 200 basis points on Friday to 21%, the highest level since the early years of President Vladimir Putin’s rule, when Russia was recovering from the chaos that followed the collapse of the Soviet Union. The move, driven by...
Romanian Firms Wary of Post-Election Shock Therapy to Cut Budget Deficit
Date: October 25, 2024
By Luiza Ilie BUCHAREST (Reuters) – Romania’s largest employer association says a widening budget deficit is siphoning money away from the real economy, while some companies are postponing investment as they await an expected fiscal correction. The prospect of presidential and parliamentary elections in the European Union member Romania in November and December has triggered...
Greek Finance Minister Vows to Keep Debt’s Share of Economy Shrinking
Date: October 25, 2024
By David Lawder WASHINGTON (Reuters) – Greek Finance Minister Kostis Hatzidakis told Reuters that the government will maintain fiscal prudence to safeguard its growth path and emergence from a debilitating debt crisis a decade ago, even amid higher wage demands by striking teachers and ferry workers. Speaking on the sidelines of International Monetary Fund and...
Germany’s Fdp to Host Its Own Economic Summit on Same Day as Scholz
Date: October 25, 2024
BERLIN (Reuters) – German Finance Minister Christian Lindner’s Free Democrats (FDP) are organising their own economic summit next Tuesday, the same day Chancellor Olaf Scholz has invited business groups to the chancellery to discuss how to fight the weak economic outlook. The summit marks the latest attempt by a partner in the loveless coalition government...