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ECB: growth in the eurozone will slow in 2019

28.01.2019 14:01:29

A survey conducted by analysts at the ECB showed a decline in growth forecasts for the euro area in 2019. Previously, the growth of the EU economy was expected at 1.8% in 2019. The current expert rating was 1.5%. Analysts predict inflation at 1.5% in 2019. Previously, experts expected a rate of 1.7%. The GDP growth forecast for 2020 was reduced to 1.5% instead of 1.6%, the inflation forecast - to 1.6% instead of 1.7%. Experts expect that GDP in the eurozone will grow at a rate of 1.5% per year. The initial forecast was 1.6%. By 2022, inflation will rise to 1.8%, rather than 1.9%, as analysts thought. The ECB hopes to achieve the inflation rate “just below 2%”, which, given the current figures, is difficult to achieve. Bank Governor, Mario Draghi, does not plan to raise interest rates at least until the end of the summer of 2019. In January, the interest rate on loans was left at the level of zero, the rate on deposits - at the level of minus 0.4%, the rate on margin loans - at the level of 0.25% per year. Lowering GDP growth forecasts is due to geopolitical factors, the threat of protectionism, weak markets in developing countries and high volatility.

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31.07.2020 11:00:29

Asian stocks dwindle as global growth fears overshadow strong tech earnings

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23.07.2020 14:00:30

Tesla to join the S&P 500 Index while CEO Elon Musk pushes for growth

On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...

23.07.2020 09:00:28

U.S. home sales see record high; tight supply, virus crisis restrict growth

Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...

16.07.2020 13:00:25

European stocks open lower ahead of ECB meeting

European stocks sold lower earlier on Thursday as concerns mounted over the pace of a global economic recovery ahead of latest meeting from the European Central Bank (ECB). Germany’s DAX futures fell by 0.5% at 2:05 AM ET (0605 GMT), ...

16.07.2020 10:00:25

China’s economy goes back to growth column after sharp decline, U.S. affairs, weak consumption pose difficulties

After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...

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