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Top StoriesSwiss Gov’t Expects Economic Slowdown in 2023 but No Recession
Top StoriesUK Manufacturers Expect Output to Fall 3.2% in 2023
FinanceEconomic Update: Covid Rears Its Head
Top StoriesItaly Ageing Faster Than EU Peers, Population Drops Below 59 Million
Euro Zone Likely Heading Into Mild recession-PMI
Date: December 5, 2022
LONDON (Reuters) – Euro zone business activity declined for a fifth month in November, suggesting the economy was sliding into a mild recession as consumers cut spending amid surging inflation, a survey showed. S&P Global’s final composite Purchasing Managers’ Index (PMI) for the euro zone, seen as a good guide to economic health, nudged up...
Asia Shares Bank on Eventual China Opening; Oil Gains
Date: December 5, 2022
By Wayne Cole SYDNEY (Reuters) – Asian shares extended their rally on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, nudging the dollar down against the yuan. The news helped oil prices firm as OPEC+ nations reaffirmed their output targets ahead...
China’s Patchy Covid Easing Sows Confusion but Comforts Investors
Date: December 5, 2022
By Ryan Woo and Martin Quin Pollard BEIJING (Reuters) -A partial easing of the world’s toughest COVID-19 curbs sowed confusion across China on Monday, even as global investors cheered the prospects of a broader policy shift in the wake of last month’s historic protests and mounting economic damage. Three years into the pandemic, China’s zero-tolerance...
UK Economy to Shrink in 2023, Risks ‘lost Decade’: Cbi
Date: December 5, 2022
By David Milliken LONDON (Reuters) – Britain’s economy is on course to shrink 0.4% next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Business Industry forecast on Monday. “Britain is in stagflation – with rocketing inflation, negative growth, falling productivity and business investment....
Explainer-India G20 Presidency 2023: What Does It Mean and What Can We Expect
Date: December 2, 2022
By Devjyot Ghoshal NEW DELHI (Reuters) – India began its year-long presidency of the Group of 20 (G20) this week, taking over from Indonesia at a time of geopolitical tumult and uncertainty over post-pandemic economic recovery. WHAT IS THE G20? Formed in the wake of the financial crisis that swept through Southeast Asian economies in...
Swiss Inflation Steady at 3.0% in November as Expected
Date: December 1, 2022
ZURICH (Reuters) – Swiss consumer price inflation held steady at 3.0% in November but still overshot the Swiss National Bank’s 0-2% target range for the 10th month in a row, data showed on Thursday. Economists had on average expected the year-on-year rate to hold steady at October’s 3.0%, off peaks at mid-year that touched a...