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The European Commission has revised its growth forecasts regarding the Baltic countries for the current year. Its outlook for Lithuania has been improved to 3.1% from a May estimate of 2.7%. The EC noted the continuing immunity of Lithuanian exports to the problems existing in world trade. Private consumption in the country is supported by the stability of the labor market and the reduction of labor taxation. The acceleration of the disbursement of funds provided to Lithuania by the European Union is also a positive factor for economic growth. Inflation in 2019 is expected at 2.2%, which is higher than the previous forecast of 2.1%. The forecast for the growth of the Latvian economy in 2019 has been lowered to 3% from 3.1%, while for Estonia, the EC raised its forecast from 2.8% to 2.9%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
KYC Policy