grossdomesticproductgdp
Deutsche Bank has increased the eurozone gross domestic product (GDP) outlook for this year from 0.4% to 0.9%, according to the latest Deutsche Bank World Outlook. However, the report suggests, this is likely to be due more to cyclical than structural reasons, with the bank's 2025 forecasts for the eurozone remaining the same at 1.5%. Regarding the eurozone, the 20 EU member states using the euro as currency, the report says: "Our inflation outlook is broadly unchanged - sticky and with upside risks in 2024, converging to target in 2025 but the composition is a little less ECB friendly, with h...
Euronews (English)
UK Prime Minister Rishi Sunak’s attempts to convince consumers that the country’s economy is recovering are on thin ice. The UK officially entered a technical recession, defined as two consecutive quarters of negative gross domestic product (GDP) growth, at the end of last year, due to higher inflation, reduced external demand and record interest rates. The economic slump has prompted swathes of criticism from opposition politicians, notably Shadow Chancellor Rachel Reeves, who said that Sunak “has broken his promise to grow the economy and left Britain in recession with working people paying ...
Euronews (English)
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