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German Govt to Slightly Raise 2023 GDP Forecast – Sources
Date: April 20, 2023
German govt to slightly raise 2023 GDP forecast – sources By Holger Hansen BERLIN (Reuters) -The German government is set to slightly raise its economic growth forecast for this year to 0.4% from its previously predicted 0.2%, two sources told Reuters on Thursday. For 2024, the government will slightly lower its prediction, to 1.6% from...
Euro Zone Services Booming but Sentiment Recovery May Have Stalled -ECB’s Lane
Date: April 19, 2023
Euro zone services booming but sentiment recovery may have stalled -ECB’s Lane DUBLIN (Reuters) -Growth in services across the euro zone is still accelerating but the steady improvement in business and consumer sentiment may have stalled, European Central Bank chief economist Philip Lane said on Wednesday, calling recent developments mixed. The ECB has raised interest...
Heineken Sees Europe Resilience Offseting Asia Slowdown Risk
Date: April 19, 2023
Heineken sees Europe resilience offseting Asia slowdown risk By Philip Blenkinsop BRUSSELS (Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region offset by greater resilience among beer drinkers in Europe. The world’s second-largest brewer expects its operating profit this year to increase by a...
Dollar Slips After Upbeat China Data; Euro, Pound Rise
Date: April 18, 2023
By Herbert Lash and Samuel Indyk NEW YORK/LONDON (Reuters) – The dollar fell against most major currencies on Tuesday after better-than-forecast growth data from China, while strong pay figures from Britain supported the pound. China’s gross domestic product (GDP) grew 4.5% year on year in the first three months of the year, data showed, beating...
Insolvency Report: No Rest for the Leveraged
Date: April 14, 2023
Insolvency report: No rest for the leveraged Authors: Maxime Lemerle Maria Latorre, Ano Kuhanathan Executive summary The rebound in business insolvencies is picking up speed: Our Global Insolvency Index is set to jump by +21% in 2023 and +4% in 2024. Half of the countries we analyzed are likely to exceed their pre-pandemic levels of...
German Economy Expected to Skirt Recession – Economy Ministry Report
Date: April 14, 2023
German economy expected to skirt recession – economy ministry report BERLIN (Reuters) -Germany is expected to narrowly escape recession and post modest growth in the first quarter of the year, according to an economy ministry report published on Friday. “A technical recession of two negative quarters in a row appears to have been averted,” the...