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The Swiss State Secretariat for Economic Affairs SECO improved the country's GDP growth forecast this year from 2.4% to 2.9% and left the forecast for the next year unchanged at 2%. It is expected that the rate of economic recovery in 2018 will be the highest since 2010. Among the risks to the Swiss economy in 2019, there is the escalation of tension in foreign trade. According to SECO, the growth in consumer prices in 2018 will be 1%, in 2019 – 0.8%. On Thursday, the Swiss National Bank SNB kept intact the deposit rate – at minus 0.75% per annum and improved the forecast of growth of the Swiss economy for the current year from 2% to 2.5%-3%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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