gdp
Top StoriesIreland Aims to Ease Cost of Living Squeeze With ‘two Budgets in One’
Top StoriesCzech Government Slightly Raises 2023 Deficit Target to $11.5 Billion
Top StoriesEuro Zone Likely Entering Recession as Price Rises Hit Demand -PMI
Top StoriesPortugal Maintains 2022 Deficit Forecast Despite First-Half Surplus
Spain Q2 Quarterly GDP Growth Revised to 1.5% From 1.1%
Date: September 23, 2022
MADRID (Reuters) -Spanish GDP grew faster in the second quarter than originally estimated, compared with the prior quarter, reflecting a healthy Easter rebound from the winter months and a more robust export rise, data from the National Statistics Institute showed on Friday. INE upgraded quarterly growth in the period to 1.5% from an original 1.1%...
Growth Will Pay for UK Government Spending Plans, Minister Says
Date: September 23, 2022
LONDON (Reuters) – Economic growth will help to pay for Britain’s plans to maintain government spending while it cuts taxes, a cabinet minister said on Friday ahead of a major fiscal announcement. Asked by Sky News if his view last year that some tax increases would be needed to repair government finances still applied, Clarke...
Bank of England Raises Rates to 2.25%, Despite Likely Recession
Date: September 22, 2022
By David Milliken and Farouq Suleiman LONDON (Reuters) – The Bank of England raised its key interest rate by half a percentage point to 2.25% on Thursday and said it would continue to “respond forcefully” to inflation as needed, even though the British economy is probably in a shallow recession already. The central bank cut...
German Tax Revenues Fall in August for First Time This Year
Date: September 22, 2022
BERLIN (Reuters) – Federal and state government tax revenues fell in Europe’s biggest economy during August for the first time this year, the finance ministry said on Thursday. In its monthly report, the ministry said the tax take was down 2.6% to 54.21 billion euros ($53.52 billion) year-on-year compared with a 0.3% increase in July....
Slowing Growth Exacerbates Debt Strains, Corporate Bankruptcies Loom – Iif
Date: September 14, 2022
By Rodrigo Campos NEW YORK (Reuters) – Slowing economic growth is pushing up global debt levels, especially in emerging markets, the Institute of International Finance (IIF) said on Wednesday, warning of a significant rise in corporate bankruptcies ahead. The global debt-to-GDP ratio – a widely used measure to gauge a borrower’s ability to pay back...
Swiss Economy Grows 0.3% in Q2 as Services Shine
Date: September 13, 2022
(This Sept. 5 story corrects to show year-on-year growth of 2.4%, not 2.8%, and comparative Q1 numbers after SECO corrects data) ZURICH (Reuters) – The Swiss economy grew a real 0.3% in the second quarter versus the first three months thanks to the services sector’s continued recovery from pandemic restrictions and robust consumer spending, data...