gdp
Top StoriesFinland Is Ready to Fight Russia if Attacked – Defence Chief
Top StoriesSwiss Current Account Surplus Widens, SNB Slows Forex Action
Top StoriesUkraine and Russia: What You Need to Know Right Now
Top StoriesFrench Central Bank Cuts Growth Outlook, Sees Higher Inflation
Germany Risks Recession as Russian Gas Crisis Deepens
Date: June 21, 2022
By Rachel More and Stine Jacobsen BERLIN/COPENHAGEN (Reuters) -Germany faces certain recession if already faltering Russian gas supplies stop completely, an industry body warned on Tuesday, as Italy said it would consider offering financial backing to help companies refill gas storage to avoid a deeper crisis in winter. European Union states from the Baltic Sea...
Wall Street Set for Bounceback but Recession Risk Keeps Investors Cautious
Date: June 21, 2022
By Caroline Valetkevitch NEW YORK (Reuters) -Stocks on global indexes rose sharply on Tuesday, with Wall Street bouncing following its recent selloff, while the Japanese yen fell against the U.S. dollar to its lowest level since October 1998. U.S. stock indexes climbed as investors returned from a long weekend, with mega-cap growth and energy companies...
Will the Mighty Dollar Become a Problem?
Date: June 20, 2022
By Prof Nick Sargen, Darden School of Business At a time when both U.S. stocks and bonds have sold off significantly, the U.S. dollar has exhibited considerable strength against most currencies. Thus far, U.S. policymakers have not expressed concern about the dollar’s strength as it helps to temper high inflation. But it could become an...
Colombia Elects Former Guerrilla Petro as First Leftist President
Date: June 20, 2022
By Nelson Bocanegra, Oliver Griffin and Carlos Vargas BOGOTA/BUCARAMANGA (Reuters) – Leftist Gustavo Petro, a former member of the M-19 guerrilla movement, who has vowed profound social and economic change, won Colombia’s presidency on Sunday, the first progressive to do so in the country’s history. Petro beat construction magnate Rodolfo Hernandez with an unexpectedly wide...
Chances of Recession in Britain in Next Two Years Have Increased, Says Jpm
Date: June 17, 2022
(Reuters) – Chances of Britain heading into a recession over the next year or two have increased amid soaring inflation due to the country’s vulnerability to external shocks, J.P.Morgan economists said on Friday, a day after the Bank of England raised borrowing costs. The BoE raised its benchmark interest rate to 1.25% on Thursday –...
Russia Needs Export Rethink but No Capital Controls, Central Bank Chief Says
Date: June 16, 2022
(Reuters) -Russia needs to rethink the contours of its export-dependent economy to ensure that industry works for the domestic market but most capital controls should be scrapped, Central Bank Governor Elvira Nabiullina said on Thursday. Nabiullina, speaking at Russia’s flagship annual economic conference in St. Petersburg, said that a “substantial part” of Russian industry should...