gdp
Top StoriesGerman Economy May Disappoint as Sentiment Worsens – Bundesbank
Top StoriesU.S. Banks Point to Resilient but Slowing Economy, Flag Risks Ahead
Top StoriesIMF Sees ‘pockets of Resilience,’ Slowing Momentum in Global Economy
Top StoriesGerman Economy Faces Uphill Climb as Industrial Output Falls
Singapore’s Fight Against Inflation Still on Amid Uncertain Growth Outlook -Central Bank
Date: July 5, 2023
Singapore’s fight against inflation still on amid uncertain growth outlook -central bank By Xinghui Kok SINGAPORE (Reuters) – Singapore’s central bank warned on Wednesday of weak near-term growth for one of Asia’s top financial hubs and said its fight against rising prices was not yet over, even as it lowered its 2023 headline inflation forecast.In...
Italy’s Finances Creak as Budget Deficit Climbs in Q1
Date: July 4, 2023
Italy’s finances creak as budget deficit climbs in Q1 By Gavin Jones and Giuseppe Fonte ROME (Reuters) – Italy’s budget deficit widened in the first quarter to 12.1% of gross domestic product (GDP) compared with 11.3% in the same period of 2022, data showed on Tuesday, getting public finances off to a bad start after...
German Business Sentiment Points to Likelihood of Longer Recession
Date: June 26, 2023
German business sentiment points to likelihood of longer recession BERLIN (Reuters) -German business morale worsened for the second consecutive month in June, a survey showed on Monday, indicating that Europe’s largest economy faces an uphill battle to shake off recession. The Ifo institute said its business climate index fell to 88.5 this month from 91.5...
German Recession Will Be Sharper Than Expected: Ifo
Date: June 21, 2023
German recession will be sharper than expected: Ifo BERLIN (Reuters) -The German economy will contract more than previously expected this year as sticky inflation takes its toll on private consumption, the Ifo Institute said on Wednesday while presenting its forecasts. “The German economy is only very slowly working its way out of the recession,” Ifo’s...
US Inflation – Still a Problem
Date: June 19, 2023
US inflation – still a problem Executive summary High inflation was rampant in 2022, eroding real income, disrupting the financial markets, and weighing on the economy. To tame it, the Federal Reserve (Fed) has been hiking interest rates since March 2022, by a cumulative 475bps till April 2023. It also started tapering around the same...
Stocks Rally Stalls, Eyes Powell Testimony for Rate Clues
Date: June 19, 2023
Stocks rally stalls, eyes Powell testimony for rate clues By Naomi Rovnick and Stella Qiu LONDON, SYDNEY (Reuters) -Global shares drifted on Monday, consolidating gains after hitting a 14-month high last week, as investors awaited testimony from U.S. Federal Reserve Chair Jerome Powell in markets that remain dominated by monetary policy bets. The MSCI’s broad...