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The ifo research institute reported an unexpected weakening of German businessmen’ confidence in the German economy in March. The corresponding index calculated by it was 99.2 points, down from the March value of 99.7 points. Economists had expected the index to rise to 99.9 points. The indicator characterizing the attitude of entrepreneurs to the current situation dropped to 103.3 points from 103.8 points. According to economists, its less significant drop was expected - up to 103.5 points. Expectations for the near future also deteriorated, as indicated by a decrease in the corresponding indicator to 95.2 points from 95.6 points. A decline in confidence indices was recorded in the trade and manufacturing sectors, while the services and construction sectors showed an increase in indicators.
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 ...
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 ...
On Tuesday, United States Federal Reserve officials warned a "thick fog of uncertainty" on the U.S. economy as it slowly recovers amid the surge in coronavirus cases. The U.S. central bank stated that the pandemic's second wave would cause ...
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