gdp
Top StoriesEuro Zone Growth, Inflation Accelerate, but Recession Looms Later in Year
Top StoriesItaly’s Economy Grew Faster Than Expected in Q2, Back Above pre-COVID Levels
InvestingEuropean Shares Climb, Set for Best Month Since Nov 2020 on Earnings Cheer
Top StoriesFrance’s Preliminary Q2 GDP Rose 0.5%, Beating Forecasts
Spain’s Second-Quarter GDP Growth of 1.1% Tops Estimates
Date: July 29, 2022
(Reuters) – Spain’s second-quarter economy expanded 1.1% over the previous three months to top growth estimates on robust overseas demand for the country’s goods and services, preliminary data showed on Friday. Analysts polled by Reuters had expected gross domestic product to grow 0.4% quarter on quarter. On an annual basis output expanded by 6.3%, compared...
BlackRock’s Li Says Market Too Optimistic on European Earnings
Date: July 28, 2022
By Lucy Raitano LONDON (Reuters) – Financial markets are too optimistic on the outlook for European earnings, given growing recession risks exacerbated by an energy crisis, BlackRock Investment Institute’s global chief investment strategist said on Thursday. European equities are trading around a seven-week high at the height of earnings season, but the outlook is darkening...
Dollar Pares Gains as US Growth Contracts for Second Quarter
Date: July 28, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar pared gains on Thursday after data showed that the U.S. economy contracted again in the second quarter, fueling speculation that the Federal Reserve will not raise rates as high as previously expected. Gross domestic product fell at a 0.9% annualized rate last quarter, the Commerce Department...
Shares Take a Breather After Fed Rally, Dollar Slides on Yen
Date: July 28, 2022
By Marc Jones LONDON (Reuters) – World shares consolidated a six-week high on Thursday as investors scented a possible slowdown in the pace of U.S. rate hikes, a shift in tone that comforted bond markets but sent the dollar to a three-week low against the yen. Europe gained as record-busting $11.5 billion profits from oil...
The Global Recession Drum Beat Is Getting Louder
Date: July 28, 2022
By Sujata Rao, Dhara Ranasinghe and Vincent Flasseur LONDON (Reuters) – Sharply higher interest rates, red-hot inflation and a prolonged energy crisis are leading to conviction that the world economy is headed inexorably towards recession. It’s a risk U.S. Treasury Secretary Janet Yellen and European Central Bank chief Christine Lagarde have acknowledged even if neither...
Explainer-Blood, Treasure and Chaos: The Cost of Russia’s War in Ukraine
Date: July 28, 2022
By Guy Faulconbridge LONDON (Reuters) – Russia’s Feb. 24 invasion of Ukraine has left tens of thousands of dead, displaced millions and sown economic strife across the world. Following are the main impacts of the war: * DEATH Since Feb. 24, 5,237 civilians have been recorded as killed and 7,035 as injured, though the actual...