gdp
Top StoriesAnalysis-China’s Consumers Keep Their Wallets in Lockdown as Covid Curbs Ease
Top StoriesGreek Economy Expands 2.3% in First Quarter, Shows Resilience
Top StoriesEuro Zone Investor Morale Improves but Economy Still in Downturn
Top StoriesUkraine and Russia: What You Need to Know Right Now
Ukraine Rebases Businesses From War Front to Shield Vital Producers
Date: June 6, 2022
By Natalia Zinets KYIV (Reuters) – Oleg Averyanov’s factory produced fire trucks and employed 600 people until it was forced to halt operations and close its doors as a Russian invasion force poured over the border into his region in northeastern Ukraine on Feb. 24. Months later, the 44-year-old is gearing up to restart some...
Factbox-Elon Musk Hints at an Impending Recession
Date: June 3, 2022
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk on Friday sent an email to his executives ordering a hiring freeze and job cuts, making the email his most direct message on the risks of a recession. The billionaire has taken to Twitter several times in the recent past to share his thoughts on a...
Instant View: Elon Musk’s ‘super Bad Feeling’ About the Economy
Date: June 3, 2022
FRANKFURT (Reuters) – Tesla Chief Executive Elon Musk told top managers he had a “super bad feeling” about the economy and that the electric carmaker needed to cut staff by about 10%, according to an internal email seen by Reuters. The email, titled “pause all hiring worldwide”, was sent to Tesla executives on Thursday, underscoring...
Irish Economy Shrank 1% in First Three Months Q/q
Date: June 3, 2022
DUBLIN (Reuters) – Ireland’s domestic economy shrank by 1% quarter-on-quarter in the first three months of the year following falls in personal and government spending during a period when the economy was mostly out of COVID lockdowns, data showed on Friday. Gross domestic product (GDP), a broader measure of economic activity, grew by 10.8% on...
Post-Lockdown Rebound Fading for German Services Sector -PMI
Date: June 3, 2022
BERLIN (Reuters) – Germany’s services sector was a bright spot for the economy in May as manufacturing struggles, but there are signs the pace of growth is starting to slow down, a survey showed on Friday. S&P Global’s final services Purchasing Managers’ Index (PMI)fell to 55.0 in May from 57.6 the month before. The flash...
Euro Zone May Business Growth Robust but Outlook Darkens -PMI
Date: June 3, 2022
LONDON (Reuters) – Euro zone business growth was robust in May but is at risk of a slowdown from soaring living costs, supply chain disruptions and uncertainty surrounding Russia’s invasion of Ukraine, a survey showed. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health, fell to 54.8 in...