economicforecast
The OECD said there are signs that the global outlook has started to brighten, though growth remains modest. "The impact of tighter monetary conditions continues, especially in housing and credit markets, but global activity is proving relatively resilient, inflation is falling faster than initially projected and private sector confidence is improving, the report said. The OECD also highlighted that supply and demand imbalances in labour markets are easing, with unemployment remaining at or close to record lows. "Real incomes have begun to improve as inflation moderates and trade growth has tu...
Euronews (English)
The answer is economic indicators. When one thinks of economic indicators, most people jump to common ones such as gross domestic product (GDP), balance of payments, interest or exchange rates. But did you know that, apart from these, there are several little-known ones, which can reveal fascinating things about an economy? While the major indicators above tell us more about a country's macroeconomic situation, the rarer ones below can be more subtle, telling us about consumer trends and sentiment, as well as standards of living. Many of these are thus especially relevant during times of econo...
Euronews (English)
The European Central Bank (ECB) will announce its March interest rate decision on Thursday afternoon and is expected to keep interest rates at a 22-year high of 4.5% for the fourth time in a row. However, upcoming forecasts by the bank's economic staff are likely to show decreased economic growth and falling inflation for the coming year. This could potentially put more pressure on Lagarde to cut interest rates in the near future. David Powell, senior euro-area economist for Bloomberg Economics, as reported by Bloomberg said: 'We expect Lagarde to use downward revisions to the forecasts of the...
Euronews (English)
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