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The forecast of the Association of Chambers of Commerce and Industry of Germany for the growth of the German economy in 2018 has been lowered to 1.8% from the previously expected 2.2% against the background of the strongest decline in German business expectations in 4 years. Companies are concerned about the shortage of skilled workers and the slowdown in export growth. Among the negative factors, they also point out labor costs, high energy and commodity prices, and trade disputes, especially between the US and China. Only 22% of the 27,000 German companies that took part in the survey expect improvements in the next 12 months.
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 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 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 ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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