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The German government lowered the forecast for the country's economic growth for the current year from 2.4% to 2.3%. The German Ministry of Economy does not hope for a significant contribution of foreign trade to overall economic growth. Federal Minister of Germany for Economic Affairs and Energy, Peter Altmaier, said: “The German economy remains stable, and growth continues”. According to his estimates, employment by 2019 will increase by a million people, and the unemployment rate will be record low. The ministry expects that consumer demand will be strong, and corporate investment will remain dynamic.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The Dollar traded lower earlier on Friday in Asia, continuing its descent from the previous session as the U.S. struggles to curb the rapid increase of COVID-19 cases in the country. In addition, recent data showing an unexpected rise in unemployment ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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