The current account surplus of Germany, despite the increased trade tension, is likely to remain the largest in the world in 2018 for the third consecutive year, according to the report of Ifo. To reduce global economic imbalances and stimulate world growth, the International Monetary Fund and the European Commission recommended that Germany take more active measures to increase domestic demand and increase imports. According to Ifo, in 2018, the current account surplus of Germany will be $299 billion. It is expected that Japan will be in second place with a surplus of 200 billion dollars. The third place is likely to be occupied by the Netherlands with a surplus of 100 billion dollars.
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 ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
China saw positive customs data on Tuesday, raising hopes that the world’s second-largest economy is on the way to recovering from the COVID-19 pandemic. Exports for June rose 0.5% year-on-year compared to an analysts’ forecast ...