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The results of a survey conducted by ZEW showed a deterioration of economic sentiment in Germany in May. The index of investor and analyst sentiment for the next six months fell to minus 2.1 points from 3.1 points in the previous month. Experts had not expected the index to shift to the negative zone, their forecast suggested an increase in the index to 5 points. The indicator, which determines the attitude to the current situation, amounted to 8.2 points, having increased from the April value of 5.5 points and being higher than economists' forecast of 6.3 points. According to ZEW President, Achim Wambach, the dynamics of the index in April indicates that the financial market in Germany expects a restrained growth of the German economy in the next six months. He believes that the main reason for the possible decline in economic growth is the worsening trade dispute between the United States and China, since exports are the key factor in Germany’s GDP growth.
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 ...
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 ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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