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Top StoriesGerman Finance Minister Praises Greek Reforms, Says Must Continue
Top StoriesGerman Investor Morale Improves in June Though Risks Remain Ahead
Top StoriesAustria Announces 6 Billion Euro Package to Address Cost-Of-Living Crisis
Top StoriesNorway Government Secures Backing for Revised 2022 Spending Plan
Deloitte Research Reveals Inaction on Climate Change Could Cost the World’s Economy US$178 Trillion by 2070
Date: June 13, 2022
By contrast, the global economy could gain US$43 trillion over the next five decades by rapidly accelerating the transition to net-zero Key highlights: Deloitte’s Global Turning Point Report finds that unchecked climate change could cost the global economy US$178 trillion over the next 50 years, unless global leaders unite in a systemic net-zero transition The...
Sterling Hits 2-year Low as GDP Dips, post-Brexit Tensions Rise
Date: June 13, 2022
By Julien Ponthus LONDON (Reuters) -Sterling fell to its lowest in two years against a rising dollar on Monday, coming under pressure from data showing Britain’s economy unexpectedly shrunk in April and tensions with the European Union over post-Brexit trade with Northern Ireland. UK gross domestic product contracted by 0.3% after inching down by 0.1%...
Dutch Economic Growth Grinds to Halt as Energy Prices Soar – Central Bank
Date: June 13, 2022
AMSTERDAM (Reuters) – Economic growth in the Netherlands will come to a halt for most of the year as energy prices and overall inflation soar due to Russia’s war in Ukraine, the Dutch central bank (DNB) said on Monday. Growth of the euro zone’s fifth largest economy will slow to 2.8% this year and 1.5%...
Euro Zone to Avoid Recession, Growth to Accelerate in Q3 – ECB Survey
Date: June 13, 2022
FRANKFURT (Reuters) – The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monday. The 19-country currency bloc has been hit by fallout from Russia’s invasion of Ukraine, which has sapped confidence, investment and households’ purchasing...
UK Slowdown Fears Mount as GDP Unexpectedly Shrinks in April
Date: June 13, 2022
By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s economy unexpectedly shrank in April, official figures showed on Monday, adding to fears of a sharp slowdown just three days before the Bank of England announces the scale of its latest interest rate response to the surge in inflation. Gross domestic product contracted by 0.3% after...
Surprise British GDP Drop, EU Tensions Add to Sterling Woes
Date: June 13, 2022
By Julien Ponthus LONDON (Reuters) -Sterling fell against the dollar on Monday, coming under downward pressure from data showing Britain’s economy had unexpectedly shrunk in April and from tensions with the European Union over post-Brexit trade with Northern Ireland. Gross domestic product contracted by 0.3% after falling by 0.1% in March, the first back-to-back declines...