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Top StoriesIMF Says Fragmentation Could Cost Global Economy up to 7% of GDP
Top StoriesChina’s Trade Tumbles Sharply in Dec, Clouds 2023 Growth Outlook
Top StoriesLow Use of Shortened Work Hours Points to Mild German Recession – Ifo
FinanceWorld Bank Warns Global Economy Could Easily Tip Into Recession in 2023
Greek Economy to Slow in 2023 as Energy Costs, Ukraine War Hit Spending -OECD
Date: January 10, 2023
ATHENS (Reuters) -Greece’s economic growth is likely to slow to just 1.1% this year from a 5.1% clip in 2022 as soaring energy costs and continued uncertainty about the war in Ukraine hurt spending and investment, the OECD said on Tuesday. Since the lifting of COVID restrictions, the Greek economy has recovered strongly thanks to...
Swiss National Bank Posts Record $143 Billion Loss in 2022
Date: January 9, 2023
ZURICH(Reuters) – The Swiss National Bank posted an annual loss of 132 billion Swiss francs ($142.67 billion) in 2022, it said on Monday, the biggest loss in its 115-year history. The central bank plunged into the red as falling stock and fixed-income markets hit the value of its share and bond portfolio, while the appreciation...
‘Life Is Moving Forward’: China Declares New Covid Phase
Date: January 9, 2023
By Liz Lee and Eduardo Baptista BEIJING (Reuters) -China braced for a “new phase” in its battle against COVID-19 on Monday and financial markets strengthened after Beijing dropped pandemic border controls in the latest easing of curbs that has let the virus loose on its 1.4 billion population. Sunday’s reopening is one of the last...
Euro Zone Economy Sentiment Rises in Dec, First Time Since Start of Ukraine War
Date: January 6, 2023
BRUSSELS (Reuters) – Euro zone economic sentiment improved in December for the first time since the start of the war in Ukraine, European Commission data showed on Friday, with more optimism across all sectors of the economy and a sharp drop in inflation expectations. The Commission’s monthly economic sentiment index rose to 95.8 in December...
Euro Zone Recession May Not Be as Deep as Expected -PMI
Date: January 4, 2023
LONDON (Reuters) – Euro zone business activity contracted less than initially thought at the end of last year as price pressures eased, according to a survey which suggested the bloc’s recession may not be as deep as expected. S&P Global’s final composite Purchasing Managers’ Index (PMI) for the euro zone, seen as a good gauge...
The Future of the Industrial Sector: Key Insights for Investors
Date: January 4, 2023
By Eli Randel, COO of Crexi Industrial property proved essential in the COVID and post-COVID world, and while the property type’s popularity and rising valuation were already on the rise years before the pandemic, interest in the sector has grown exponentially. Increasing adoption of e-commerce and a demand for immediate consumer deliveries have pushed retailers...