gdp
Top StoriesShanghai Hits Prized ‘zero Covid’ Status but Lockdown Lingers
Top StoriesUkraine War to Slash Euro Zone 2022 Growth, Boost Inflation -EU
Top StoriesEuropean Shares Slide as Weak China Data Stokes Recession Woes
Top StoriesShanghai Aims for June 1 Return to Normal as Covid Lockdown Batters Economy
Barclays Warns of Sub-Parity Euro, 5 Ppt GDP Hit if Russia Turns Off Gas Taps
Date: May 13, 2022
By Marc Jones LONDON (Reuters) – Analysts at Barclays have warned of a 5 percentage point hit to euro zone GDP and a dive below dollar parity for the euro if Russia closes its gas taps as part of the escalating war in Ukraine. Worries are mounting in Europe that Moscow could sharply reduce the...
Battered Sterling Gets Respite but Set for Weekly Fall vs Dollar
Date: May 13, 2022
By Lucy Raitano LONDON (Reuters) – Britain’s pound edged up against the dollar on Friday, offering some respite from a week of selling that pushed the currency to two-year lows. By 0835 GMT, the pound was up 0.21% at $1.2216, a day after falling to a fresh two-year low of $1.2165 as a slew of...
Putin Says West Is Triggering a Global Economic Crisis
Date: May 12, 2022
(Reuters) -President Vladimir Putin said on Thursday that the West had triggered a global economic crisis and a wave of ruinous inflation by imposing on Russia the most severe sanctions in recent history over the conflict in Ukraine. Putin’s Feb. 24 order of a “special military operation” in Ukraine prompted the United States and its...
UK Economy Shrinks in March as Recession Risks Mount
Date: May 12, 2022
By David Milliken and William Schomberg LONDON (Reuters) -Britain’s economy unexpectedly shrank in March, marking a weak end to the first quarter of a year when the risk of recession is looming and increasing pressure on the government to offer more support to inflation-hit households. Gross domestic product fell 0.1% from February, hurt by a...
Denmark Hikes Economic Growth Forecast Despite War, Inflation
Date: May 12, 2022
COPENHAGEN (Reuters) – Denmark’s economy could grow as much as 3.4% this year despite the negative effects of the war in Ukraine and record high inflation, the finance ministry said on Thursday, a considerable upwards revision from its estimate from March. “We came out of 2021 at an extremely high pace with a good starting...
London Stocks Slide as Downbeat Gdp, Hot U.S. Inflation Data Weigh
Date: May 12, 2022
(Corrects typo in paragraph 1) (Reuters) – UK shares dropped on Thursday as risk sentiment took a beating after data showed British economy shrank in March, highlighting the cost-of-living crisis while persistently hot U.S. inflation data exacerbated investor fears of aggressive rate hikes. The blue-chip FTSE 100 was down 2%, as of 0705 GMT, with...