gdp
Top StoriesEuro Zone October PMI Adds to Evidence Bloc Is Heading for Recession
Top StoriesItalian Economy Faces Threat From Climate Change – Central Bank
Top StoriesGerman Investor Morale Less Pessimistic Than Expected – Zew
Top StoriesGoldman Sachs Sees Deeper UK Recession After Tax U-Turn
UK Finance Minister Hunt to Make Statement at 1000 Gmt – Source
Date: October 17, 2022
LONDON (Reuters) – British finance minister Jeremy Hunt will make a statement at 1000 GMT, a source in Prime Minister Liz Truss’s office said on Monday. The Treasury earlier said Hunt would announce tax and spending measures. (Reporting by Kylie MacLellan, editing by Elizabeth Piper)...
Italy’s Giorgetti Gets Meloni’s Backing to Be Economy Minister
Date: October 14, 2022
By Angelo Amante and Gavin Jones ROME (Reuters) -Giancarlo Giorgetti, a former industry minister and the deputy leader of the right-wing League party, looked well placed to become Italy’s next economy minister on Thursday after getting the backing of the conservative coalition chief. “I think Giancarlo Giorgetti would be an excellent economy minister,” Giorgia Meloni,...
Wall Street Stocks Rise, Sterling Regains Some Ground
Date: October 12, 2022
By Sinéad Carew and Elizabeth Howcroft NEW YORK/LONDON (Reuters) – European stocks struggled on Wednesday but Wall Street’s indexes were up very slightly as investors waited for key inflation data and the start of earnings season. The dollar climbed to a fresh 24-year peak versus the yen, holding above levels that prompted intervention by Japan...
EU’s Debt Laggards Are Hurting the Fight Against Inflation, Austria Says
Date: October 12, 2022
VIENNA (Reuters) -Excessive debt in some EU countries is hampering the fight against inflation, Austria’s finance minister said on Wednesday, adding that his country would soon press the worst offenders to get their affairs in order. Austria, a member of the EU’s self-styled “Frugal Four” alongside Denmark, Sweden and the Netherlands, has long pressured other...
UK Economy on Brink of Recession as It Shrinks in August
Date: October 12, 2022
By William Schomberg and Andy Bruce LONDON (Reuters) – Britain’s economy looks set to go into recession as data showed it unexpectedly shrank in August, underscoring the challenge for Prime Minister Liz Truss to make good on her promises to speed up growth. Weakness in manufacturing and maintenance work in North Sea oil and gas...
Austria Plans to Bring Budget Deficit Within 3% of GDP Next Year
Date: October 12, 2022
VIENNA (Reuters) – Austria plans to bring its budget deficit within the European Union’s limit of 3% of gross domestic product in 2023, a finance ministry presentation published shortly before Finance Minister Magnus Brunner’s budget speech said on Wednesday. The presentation showed the budget deficit shrinking from 5.9% of GDP last year to 3.5% this...