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The European Central Bank pointed out in its report that the lack of production capacity of eurozone companies could cause an acceleration of inflation in the region, Bloomberg reports. Against the background of previously published data indicating a downturn in the eurozone's economic impulse, the ECB's outlook for higher inflation will support the regulator’s intention to complete a bond buying program by the end of this year. Bank experts believe that further restriction of supply will be followed by accelerated wage growth and core inflation. They noted the continuation of economic growth, which is accompanied by the expansion of labor, low unemployment and increased productivity growth.
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 ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The Dollar traded lower earlier on Friday in Asia, continuing its descent from the previous session as the U.S. struggles to curb the rapid increase of COVID-19 cases in the country. In addition, recent data showing an unexpected rise in unemployment ...
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