Economic sentiment in Germany improved significantly in April. As the data of the ZEW Institute showed, the index of investors' and analysts' expectations for the German economy for the next six months reached 3.1 points, rising from March level of minus 3.6 points and moving into a positive zone for the first time since March 2018. Such a significant increase in the index turned out to be a surprise for experts who had expected its value at the level of 0.5 points. At the same time, the indicator of the attitude of investors and analysts to the current economic situation decreased more than it was expected, falling to 5.8 points from 11.1 points while economists estimate 8.5 points. Earlier, ZEW published data on the state of business confidence in the eurozone economy, according to which the corresponding index in April rose to 4.5 points from minus 2.5 points in March.
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 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 ...
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 ...
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 ...