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The chief economist and member of the executive board of the European Central Bank, Peter Prat, speaking in Geneva, said he was confident in the economic recovery of the eurozone, despite disappointing economic data, Bloomberg reports. According to him, «the latest information is still consistent with the steady and wide growth of domestic demand”. The agency notes that the ECB considers the weakening of the economic momentum to be only a transition to more stable growth rates, it is connected, inter alia, with temporary factors, such as the Easter holiday period. At the April meeting, the ECB Board of Governors decided that they needed more time to assess the situation, and did not discuss the curtailment of the incentive program.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
After a record decline seen last quarter, Britain’s economy is expected to grow at its most rapid pace in decades. The recovery is likely as large portions of the economy resumed operations after coronavirus-related lockdowns were lifted. Despite ...
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