The US economy is expected to expand 2.86% in the fourth quarter, the latest Report showed on Friday Nowcasting from the Federal Reserve Bank of New York. “A positive impact from the JOLTS data was offset by the negative surprises from the CPI data, leaving the immediate forecast practically unchanged,” the New York Fed explained […]
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Preliminary third quarter GDP rises 12.6% versus 12.7% expected
The Gross Domestic Product of the euro zone rose 12.6% in the preliminary reading for the third quarter of the year, being one tenth below the expected 12.7%. This is the largest rise recorded in the history of the Eurozone, and the first after two consecutive quarters of decline, -3.6% in the first and -11.8% […]
Montero announces that the Government will lower the VAT on masks from 21 to 4%
The Minister of Finance has defended the General State Budgets, assuring that it is a “project of the country, not of the Government.” “They lend”, he said, “confidence and certainty in the face of discouragement and hope” and this despite the fact that both the Bank of Spain and the AiRef have labeled them outdated […]
GBP / USD remains negative near session lows around 1.3180 following UK data
GBP / USD witnessed a follow-up sell-off for the second time in a row on Thursday. Disappointing UK macro data did not provide any respite or alleviate intraday selling bias. The pair GBP/USD reacted to macroeconomic datas from the United Kingdom with a decline to new two-day lows at 1.3168. Previously, in the Asian session, […]
Preliminary third quarter GDP rises 15.5%, slightly below the 15.8% expected
The Preliminary Gross Domestic Product of the United Kingdom for the third quarter of 2020 has grown by 15.5%, only three tenths below the 15.8% expected. In the first quarter, GDP fell by 19.8% and in the first it fell by 2.2%. Annualized GDP for the third quarter fell by 9.6%, worsening the decline of […]
The government advisory council predicts that 2020 GDP will contract by 5.1%
The German government’s economic advisory council predicts that the country’s GDP will contract by 5.1% in 2020 due to the coronavirus pandemic, Sueddeutsche Zeitung has reported, citing a leaked report from the advisory council. Come that gross domestic product German GDP will increase by 3.7% next year, has added the media. . Credits: Forex Street […]
The Basque Government launches an issue of sustainable bonds for 600 million that will finance 86% expenses derived from the Covid-19 crisis
The Basque Government will launch a new issue of sustainable bonds worth 600 million euros. This will be the fourth issuance of this type of bonds that are destined to sustainable and social policies, although on this occasion the percentage destined to the social, health and education part will be higher “in order to face […]
The French economy operates 12% below normal levels under the new lockdown – Bank of France survey
The French economy operates 12% below normal levels under the new lockdown versus the 31% loss seen during the April lockdown, according to the monthly survey of the Bank of France carried out on 8,500 business leaders. “Go sservices that required direct contact with customers would be the most affected, with a 40% drop in […]
The ‘total amendment’ of the Bank of Spain to the Budgets: it does not see credible income, expenses or forecasts
The Governor of the Bank of Spain, Pablo Hernandez de Cos, makes an amendment to the entire State Budget project with technical arguments. The senior official who is in charge of the considered best studies service in the country shares that public investment must be increased in the face of the pandemic, but neither the […]
Spain intensifies economic diplomacy in search of investments
The epidemiological reality that Spain is experiencing due to the coronavirus pandemic added to the deterioration of the economic situation have had and still have an important impact on the image and reputation of Spain abroad. Damage that can be significant and have a major impact on the accounts. That is why Spanish diplomacy has […]
