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The calculations of ifo, the research institute, showed that the index of confidence of German entrepreneurs in the economy of Germany in December was 101 points, which is lower than its November value of 102 points and experts' forecast of 101.7 points. The ratio of managers of enterprises to the current situation was 104.7 points, also dropping from 105.5 points and not reaching the estimate of economists at 105 points. Expectations for the near future fell to 97.3 points from 98.7 points. A decline in confidence was noted in areas such as manufacturing, retail and services.
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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