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The Association of German BdB Banks has worsened the forecast for the growth of the German economy in 2019 to 1.8% from 1.9% amid a slowdown in private investment, Reuters reports. The decline in investment by German companies also forced the German government to lower its forecast for 2018 to 2%. The reason for the decline in investment was the shortage of skilled workers. The Association of German Banks also expects private investment in engineering and construction to increase in 2019 by 3.1%, and not by 3.6%, as it was previously predicted. The association stated that the European Central Bank should cease its negative interest rate policy.
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 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
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 ...
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