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Top StoriesEU Cuts Euro Zone Growth Forecasts, Revises up Inflation Outlook
Top StoriesSpain to Raise Inflation Forecast After Prices Climb -Economy Minister
Top StoriesIMF Chief Warns Natural Gas Disruptions Could Trigger Recession in Europe
Top StoriesUK Economy Jumps in May as Doctors and Travel Agents Get Busy
Sterling Edges Higher as UK Growth Beats Forecasts
Date: July 13, 2022
LONDON (Reuters) – The British pound rose slightly on Wednesday, helped by a broadly weaker dollar and after data showed the UK economy grew unexpectedly in May. Economic output expanded by 0.5% in May, although consumer services fell as the surge in inflation hit shoppers. A Reuters poll of economists had pointed to zero growth...
Euro Zone Industrial Output Rises Beyond Expectations in May
Date: July 13, 2022
BRUSSELS (Reuters) – Euro zone industrial production increased by more than expected in May as output of capital and non-durable consumer goods picked up sharply during the month, data showed on Wednesday. The European Union statistics agency Eurostat said industrial production in the 19 countries sharing the euro single currency rose by 0.8% month-on-month and...
FTSE 100 Falls as UK’s Surprise Growth Fails to Ease Recession Fears
Date: July 13, 2022
By Sruthi Shankar (Reuters) -UK’s blue-chip FTSE 100 fell more than 1% on Wednesday in a wider market selloff ahead of a crucial U.S. inflation data, with a surprise growth in Britain’s economy failing to assuage recession worries. The FTSE 100, which houses several global companies that draw a large part of their revenue in...
China Q2 GDP Growth Seen Dipping to 1% on Covid Hit, 2022 Growth at 4% – Reuters Poll
Date: July 13, 2022
By Kevin Yao BEIJING (Reuters) – China’s economic growth likely slowed sharply in the second quarter as COVID-19 lockdowns hit factories and consumer spending, a Reuters poll showed, suggesting policymakers may have to do more to spur a faster recovery. Gross domestic product (GDP) likely grew 1.0% in the April-June quarter from a year earlier,...
Polish Central Bank Forecasts Inflation Peaking at 18.8% in Q1 2023
Date: July 12, 2022
WARSAW (Reuters) – Poland will see inflation peak at 18.8% and economic growth fall to as low as 0.5% in the first quarter of 2023, according to forecasts published by the central bank on Tuesday. According to the projections, emerging Europe’s largest economy is on track for higher inflation and lower growth next year in...
Sterling Falls to Fresh Two-Year Low on Leadership Race Concerns
Date: July 12, 2022
LONDON (Reuters) – The British pound slipped to a fresh two-year low on Tuesday thanks to a broad dollar rebound and as political uncertainty weighed on sentiment. Boris Johnson’s resignation as prime minister last week deepened the uncertainty hanging over the British economy, already under strain from an inflation rate heading for double digits, the...