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Top StoriesGreece to Increase Minimum Wage Again, Before Election
Top StoriesUK to Avoid Recession This Year but Outlook Still Weak, Bcc Says
Top StoriesSpain’s Inflation to Be Lower This Year Than in 2022 -Minister
Top StoriesEuro Zone Recovery Gathers Pace, Allays Fears of recession-PMI
Swiss Government Says It Expects Economic Slowdown but No Recession
Date: February 28, 2023
ZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after it reported zero growth at the end of 2022. “From the current perspective I would not expect a recession,” Eric Scheidegger, the Head of the Economic Policy Directorate at the...
Japan’s Factory Output Posts Biggest Fall in 8 Months on Weak Autos, Chips Sectors
Date: February 28, 2023
By Kantaro Komiya TOKYO (Reuters) – Japan’s factory output shrank at the fastest pace in eight months in January as declining overseas demand took a heavy toll on key industries such as auto and semiconductor equipment. In contrast, retail sales posted their fastest growth in nearly two years, separate data showed, highlighting the divergent paths...
The Silver Lining for Global Trade
Date: February 24, 2023
In focus – The silver lining amid muted global trade: normalizing supply chains After resilient performance in the first half of 2022, global trade deteriorated in the second half of the year and is likely to remain muted in 2023. However, China’s reopening reduces the risk of sudden stops in global supply chains, while moderately...
German GDP Contracted by 0.4% in the Fourth Quarter
Date: February 24, 2023
BERLIN (Reuters) -The German economy contracted at the end of the year, as inflation and the energy crisis took their toll on household consumption and capital investment. The German economy shrank by 0.4% in the fourth quarter of 2022 compared with the previous three months, the statistics office said on Friday. Preliminary data from the...
UK Economy’s Unexpected Bounce Spurs More BoE Rate Hike Talk
Date: February 21, 2023
By Andy Bruce LONDON (Reuters) -Britain looks on course to sidestep a long recession after a survey showed a surprise return to growth by businesses this month, raising the likelihood of another Bank of England interest rate hike in March. The preliminary “flash” reading of the S&P Global/CIPS UK Composite Purchasing Managers’ Index (PMI) jumped...
Marketmind: Don’t Break My Heart
Date: February 14, 2023
A look at the day ahead in European and global markets from Anshuman Daga Today’s inflation numbers from the world’s biggest economy on Valentine’s Day will be one of the most important economic data watched by markets. While blockbuster January jobs data has forced some market participants to grudgingly accept that the peak is not...