gdp
Top StoriesGerman Retail Sales, Industrial Output Fall as Inflation Tightens Grip
Top StoriesGerman Retail Sales Dip More Than Forecast in August
Top StoriesIMF’s Georgieva Sees ‘darkening’ Outlook for Global Economy, Rising Recession Risks
Top StoriesNorway Expects to Earn Record $131 Billion From Oil and Gas in 2023
Portugal’s Central Bank Lifts 2022 GDP Forecast, Warns of 2023 Slowdown
Date: October 6, 2022
LISBON (Reuters) -Portugal’s central bank on Thursday raised its 2022 economic growth forecast to 6.7% from a previously projected 6.3%, citing a stronger recovery in the crucial tourism industry and higher private consumption, but signalled a slowdown in 2023. In its quarterly Economic Bulletin, the central bank said activity rebounded to pre-pandemic levels in the...
German Industrial Orders Slump More Than Expected in August
Date: October 6, 2022
BERLIN (Reuters) – German industrial orders dropped more than expected in August, dragged down by a fall in orders from the euro zone, where companies are battling with energy and inflation crises, data showed on Thursday. New orders in manufacturing fell by 2.4% month on month on a seasonally and calendar adjusted basis, the federal...
Bank of Spain Cuts 2023 Growth Forecast to 1.4%, Lifts 2022 Forecast
Date: October 5, 2022
By Jesús Aguado MADRID (Reuters) -The Bank of Spain on Wednesday significantly cut its GDP growth forecast for next year due to the impact of higher energy prices in Europe and lower consumer spending. It said it expected gross domestic product to expand 1.4% in 2023, down from a previously expected growth rate of 2.8%,...
Euro Zone Likely to Endure Recession as Downturn Deepens
Date: October 5, 2022
By Jonathan Cable LONDON (Reuters) -The drop in euro zone business activity deepened last month, a survey showed, probably extinguishing any hope the currency union would avoid recession just as elevated inflation puts pressure on the European Central Bank to act. Businesses and consumers are wary of spending as the region heads into the winter...
European Shares Retreat on Recession Fears; Focus on U.S. Jobs Data
Date: October 5, 2022
By Devik Jain (Reuters) -European shares fell on Wednesday, snapping a three-day rally after data showed euro zone was unlikely to avoid a recession, with investor focus on U.S. labour market report for clues on further rate hikes by the Federal Reserve. The pan-European STOXX 600 index was down 0.95% by 0824 GMT, after rallying...
Italy’s Services Sector Contracts in Sept -PMI
Date: October 5, 2022
ROME (Reuters) – Italy’s services sector contracted in September after reporting modest growth the month before, a survey showed on Wednesday, as surging costs and uncertainty hit client demand. S&P Global’s Purchasing Managers’ Index (PMI) for Italian services fell to 48.8 in September, from 50.5 in August and below the 50 mark that separates growth...