gdp
Top StoriesTwo-Speed Euro Zone Economy as Services Shine, Factories Struggle -PMI
Top StoriesUK Business Stumbles on Inflation and Ukraine War Worries -PMI
Top StoriesCooling Demand, Supply Disruptions Slow German Manufacturing in April -PMI
Top StoriesWorld Bank Estimates Ukraine Physical Damage at Roughly $60 Billion so Far
Insolvencies Set to Increase as Government Support Ends
Date: April 21, 2022
Despite a return to normal for many economies in 2022, insolvencies are set to rise reports leading trade credit insurer, Atradius. In its latest Insolvency Forecast report, Atradius predicts that the global economy will emerge gradually from the Covid pandemic in 2022, with restrictions unwound in most countries and regions. But despite a return to...
Greece to Raise Minimum Wage From May 1 to Boost Low Incomes- PM
Date: April 20, 2022
ATHENS (Reuters) – Greece will raise the minimum wage from May 1 for a second time this year, Prime Minister Kyriakos Mitsotakis said on Wednesday as rising inflation takes a toll on household incomes. “The global surge in inflation is hitting low incomes. From May 1 the basic wage will rise by 50 euros a...
Austria Says Ukraine War Is Swelling Deficit Back to EU’s 3% Limit
Date: April 20, 2022
VIENNA (Reuters) – The Ukraine war’s negative impact on economic growth and associated costs such as reducing dependence on Russian natural gas have forced Austria to increase its budget deficit and debt forecasts for this year, the Finance Ministry said on Wednesday. Austria, as did many of its peers, spent lavishly on measures to cushion...
Earnings Boost Wall Street While Growth Fears Sink Oil
Date: April 19, 2022
By Pete Schroeder WASHINGTON (Reuters) – U.S. stocks surged Tuesday on the back of stronger than expected corporate earnings, but bleak forecasts on global economic growth pushed up bond yields and drove down oil. The tech-heavy Nasdaq led the way for gains in U.S. markets, as many corporations began to report stronger than expected earnings....
Sweden Boosts Spending to Offset Inflation Impact, Ukraine War
Date: April 19, 2022
STOCKHOLM (Reuters) -Sweden’s minority centre-left government pledged 35 billion crowns ($3.64 billion) in extra spending this year as it juggles the impact of the war in Ukraine, soaring post-pandemic inflation and an election looming in September. The economy has bounced back quickly from the coronavirus pandemic and despite Russia’s invasion of Ukraine, it is expected...
Analysis-China’s Xi Sticks With Covid Stance Despite Anger, Economic Headwinds
Date: April 19, 2022
By Yew Lun Tian and Tony Munroe BEIJING (Reuters) – For many leaders, mounting public anger and a rapidly worsening economic outlook would be cause for worry and a policy rethink. But Chinese President Xi Jinping, who doubtless would prefer smoother sailing in the run-up to a third leadership term, is doubling down on a...