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Top StoriesUK Economy Set for Smaller Hit in 2023 Than Previously Feared – IMF
Top StoriesBank of Canada Seen on Hold Even as Economy Accelerates
BankingIMF’s Georgieva Sees Global Growth Below 3% in 2023, Robust Recovery ‘elusive’
Top StoriesGerman Industrial Output Rises More Than Expected in February
WTO Sees “subpar” 2023 Trade Growth With Multiple Risks
Date: April 5, 2023
GENEVA (Reuters) – The World Trade Organization raised its forecast for global trade growth this year, but still predicted a slowdown and warned of risks from the Ukraine war, geopolitical tensions, food insecurity, inflation and monetary policy tightening. The Geneva-based trade body said on Wednesday that merchandise trade volumes would increase by a “subpar” 1.7%...
German Industrial Orders Rise More Than Expected in February
Date: April 5, 2023
BERLIN (Reuters) -German industrial orders rose more than expected in February driven by strong growth in the vehicle construction sector. Orders increased by 4.8% on the previous month on a seasonally and calendar-adjusted basis, the federal statistics office said on Wednesday. A Reuters poll of analysts had pointed to a 0.3% increase. New orders in...
Stocks, Yields Fall; Data Suggests U.S. Economy Cooling
Date: April 5, 2023
By Caroline Valetkevitch NEW YORK (Reuters) – World stock indexes declined on Tuesday, with all three major U.S. stock indexes ending lower, while the U.S. dollar fell to a two-month low and Treasury yields eased after data suggested a cooling in the U.S. labor market. The U.S. Labor Department report showed U.S. job openings in...
Finnish Centre-Right Eyes Coalition Talks as Defeated Marin Considers Future
Date: April 3, 2023
By Anne Kauranen HELSINKI (Reuters) – Outgoing Finnish Prime Minister Sanna Marin was left to consider her future after she conceded defeat in a tight parliamentary election on Sunday that handed her centre-right rival Petteri Orpo the right to try and form a coalition. Despite gaining three seats, Marin’s left wing Social Democratic Party (SDP)...
Global Factory Activity Weakens as Demand Falters
Date: April 3, 2023
By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) – Global factory activity weakened in March as consumers feeling the pinch from rising living costs cut back, surveys showed on Monday, suggesting a deteriorating outlook will remain a drag on economic recoveries and keep policymakers on their toes. Although factories across the euro zone saw a...
Hungary’s Booming Wedding Market Doused by Soaring Inflation
Date: March 27, 2023
By Gergely Szakacs and Krisztina Fenyo BUDAPEST (Reuters) – Soaring inflation is taking the steam out of Hungary’s wedding market, supercharged in recent years by Prime Minister Viktor Orban’s lavish family support measures, with the number of weddings plunging to a nine-year-low at the start of 2023. Nationalist Orban, in power since 2010, has launched...