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The economic sentiment of German investors and analysts improved in February. The corresponding confidence index, calculated by the ZEW institute, was minus 13.4 points, having increased from January value to minus 15 points. Experts had predicted an increase in the index to 13.6 points. The indicator, which determines the attitude to the current situation in the German economy, significantly decreased, reaching 15 points against 27.6 points in January. ZEW President, Achim Wambach, noted that the fall turned out to be deeper than expected due to the lack of new impulses in foreign trade, weakness in the manufacturing sector and a decline in industrial production.
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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