gdp
Top StoriesChina Battles Forest Fires as Fears Linger Over Harvest
Top StoriesEuro Zone Business Activity Contracted Again in Aug, Outlook Bleak
Top StoriesUK Economy Shrank Record 11% in 2020, Worst Since 1709
Top StoriesGerman Recession Increasingly Likely, Bundesbank Says
China Steps up Easing, Cuts Lending Benchmarks to Revive Faltering Economy
Date: August 22, 2022
By Winni Zhou and Brenda Goh SHANGHAI (Reuters) -China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week’s easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of COVID cases. The People’s Bank of China...
Record Jump in German Producer Prices Adds to Gloomy Outlook
Date: August 19, 2022
By Miranda Murray and Paul Carrel BERLIN (Reuters) -German producer prices jumped at the fastest pace on record in July, underscoring the gloomy outlook for Europe’s largest economy, which is stuck in a stranglehold of soaring costs and weakening growth due to the Ukraine war. Producer prices — a leading indicator for inflation — surged...
Euro Zone Current Account Swings Back to a Surplus in June
Date: August 19, 2022
FRANKFURT (Reuters) – The euro zone’s current account swung back to a small surplus in June on an improvement in the trade of services and higher primary income, which includes earning from investments abroad, European Central Bank data showed on Friday. The 19-country currency bloc has run a large current account surplus for the past...
Czech Government to Cap Housing, Energy Costs at 30% of Income
Date: August 17, 2022
PRAGUE (Reuters) – The Czech government will hand out state aid to ensure people do not spend more than 30% of their income on housing including energy amid soaring gas and electricity prices, Prime Minister Petr Fiala said on Wednesday. The contribution for housing will complement the 66 billion crowns ($2.73 billion) the government aims...
Euro Zone Q2 Growth Revised Down Slightly, Employment Rises
Date: August 17, 2022
By Jan Strupczewski BRUSSELS (Reuters) -Euro zone economic growth was slightly less robust in the second quarter than forecast but still strong, and employment rose again, revised data from the European statistics office showed on Wednesday. Eurostat said gross domestic product in the 19 countries using the euro rose 0.6% quarter-on-quarter in April-June for a...
European Bourses Steady as Focus Remains on Key Economic Data
Date: August 17, 2022
By Anisha Sircar (Reuters) – European shares on Wednesday were little changed amid persisting recession fears, with investors eyeing growth and inflation data due this week for clues about the region’s economic health and the monetary policy outlook. The pan-European STOXX 600 hovered near 10-week highs in a choppy trading session. Food and beverage stocks...