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In October, the index of investor and analyst confidence in the German economy over the next six months was minus 24.7 points, down from minus 10.6 points in September, the ZEW Research Institute reported. Over the previous two months, it has been growing. Experts had expected a less significant drop in the index – only to minus 12 points. The indicator, which assesses the current situation in the country's economy, dropped to 70.1 points from 76 points. According to ZEW President Achim Wambach, confidence in the German economy has declined amid growing trade disputes between the United States and China, as well as concerns about the tough option for Britain to leave the EU.
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 ...
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