Klaas Knot, a member of the Governing Council of the European Central Bank (ECB) and governor of the Dutch central bank, said on Thursday that the starting point of the central bank’s discussion is that the rate hike reflects better growth and inflation prospects. Key Comments: “It can be optimistic about the economy in the […]
Tag: growth
The Atlanta Fed’s GDP now falls to 8.8% for the first quarter after the latest US data.
The real gross domestic product (GDP) of the United States is expected to grow 8.8%, compared to 9.6% on February 25, in the first quarter of 2021, it showed on Friday the latest GDPNow report from the Federal Reserve Bank of Atlanta. “Following this morning’s releases from the US Bureau of Economic Analysis and the […]
New York Fed GDP rises to 8.7% for the first quarter after this week’s data
The US economy is expected to grow 8.7% in the first quarter of 2021, the latest Report showed on Friday Nowcasting from the Federal Reserve Bank of New York. “The news from this week’s data releases raised the immediate forecast for 2021: Q1 by 0.4%,” the post reads. “Positive surprises in personal consumption spending and […]
IFO economist says economy is heading for a rebound
Following the publication of IFO’s latest German business survey, the institute’s economist Klaus Wohlrabe has said that the economy is pointing towards a rebound. Additional comments: “The Sentiment has improved in construction, retail and services“. “The improvement of feeling is especially pronounced in the industry“. “The production plans were revised significantly upwards.” “The travel agencies […]
New York Fed GDP increases to 8.3% for the first quarter after this week’s data
The US economy is expected to grow 8.3% in the first quarter of 2021, the latter showed on Friday Nowcasting Report from the Federal Reserve Bank of New York. “News of this week’s data release raised the immediate forecast for 2021: Q1 by 1.6%,” the New York Fed said in its release. “Positive surprises in […]
Japan cuts economic outlook in February for the first time in 10 months
The Cabinet Office of Japan cut its assessment of the overall economy in February for the first time since April 2020, due to the prolonged state of emergency in the country to combat the resurgence of the coronavirus. Key Comments: “The economy shows some weakness, although it improves amid severe conditions due to COVID-19. “ […]
New York Fed GDP falls to 6.7% for the first quarter after this week’s data
The US economy is expected to grow 6.7% in the first quarter of 2021, it showed on Friday the latest Nowcasting Report from the Federal Reserve Bank of New York. “The news of the data release this week lowered the immediate forecast for 2021: the first quarter by 0.1%,” explained the New York Fed in […]
Eurozone GDP contracted 6% in 2020, less than the 7% previously projected
Alfred Kammer, Director of the European Department of the International Monetary Fund (IMF), said the Friday that the Eurozone economy contracted 6% in 2020, compared to the IMF estimate of 7%Reuters reported. Next week, Eurostat will release the Gross Domestic Product (GDP) for the fourth quarter, which is expected to show a contraction of 5.1% […]
European stock market: continued growth, looking at strong business outlook
The European stock market continued to grow and closed. European luxury brands Pandora and Denmar The outlook for the closing season is bright due to the strong performance outlook of Novo Nordisk, a pharmaceutical company It became. Investors are also paying attention to additional US support measures. The STOXX Europe 600 species rose 2.11% on […]