Economy Archives - WallStreetReview

Russian economy ministry raises 2021 GDP, inflation forecasts

July 9, 2021 WallStreetReview

MOSCOW, July 9 (Reuters) - The Russian economy ministry has raised its outlook for economic growth and oil prices in 2021 and now envisages a stronger rouble, and it has also raised this year’s inflation forecast, the ministry’s interim set of forecasts showed on Friday.After shrinking 3% in 2020, its sharpest contraction in 11 years,… Read More

Italian economy to grow around 5% this year, says central bank

June 11, 2021 WallStreetReview

The Italian economy will grow by close to 5% this year, the Bank of Italy said on Friday, raising a previous forecast due to the improving coronavirus situation and an upward revision to first quarter gross domestic product data.The central bank's latest projection, part of a regular forecasting exercise coordinated by the European Central Bank,… Read More

Japan’s economy has potential to recover, says econmin Nishimura

May 18, 2021 WallStreetReview

Japan's economy has potential to recover though the government will be vigilant to the impact new state of emergency curbs could have on the outlook, Economy Minister Yasutoshi Nishimura said on Tuesday."The government will act flexibly as needed, tapping into reserves (set aside for COVID-19 response) with a close eye on the pandemic and its… Read More

Rwanda’s economy to recover this year, more spending seen -official

May 12, 2021 WallStreetReview

Rwanda's economy is expected to grow 5.1% this year after contracting 3.4% in 2020 as a result of the COVID-19 pandemic, a senior finance ministry official said on Wednesday.Tushabe Richard, minister of state in charge of the National Treasury, said growth would accelerate to 7.0% in 2022 then to an average of 7.8% across 2023… Read More

Yellen says U.S. economy has made remarkable progress but more help needed

May 7, 2021 WallStreetReview

U.S. Treasury Secretary Janet Yellen speaks as she joins White House Press Secretary Jen Psaki for the daily press briefing at the White House in Washington, U.S. May 7, 2021. REUTERS/Jonathan ErnstWASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday heralded the progress the economy has achieved to escape the grip of the coronavirus pandemic… Read More

Economy may be stronger than Fed officials recently projected, Bowman says

May 5, 2021 WallStreetReview

WASHINGTON (Reuters) - The U.S. economy may be growing more quickly and unemployment falling faster than the core of Federal Reserve policymakers projected in March, Fed Governor Michelle Bowman said on Wednesday, a development that could fuel debate about the outlook for monetary policy.FILE PHOTO: U.S. Federal Reserve Governor Michelle Bowman poses at a conference… Read More

UK economy grows by 0.4% m/m in February

April 13, 2021 WallStreetReview

LONDON (Reuters) - Britain’s economy grew by 0.4% in February from January as companies prepared for the lifting of a third coronavirus lockdown, according to official data which also showed a partial recovery in post-Brexit trade with the European Union.People enjoy the evening at an outside restaurant area in Soho, as the coronavirus disease (COVID-19)… Read More

Global economy recovering from pandemic; higher rates would hurt: IMF steering committee

April 8, 2021 WallStreetReview

FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas//File PhotoWASHINGTON (Reuters) - The steering committee of the International Monetary Fund said the global economy is recovering faster than expected from the COVID-19 crisis, but warned that a spike in interest rates could… Read More

Russia’s economy shrank 3% last year -revised data

April 1, 2021 WallStreetReview

MOSCOW, April 1 (Reuters) - Russia’s economy shrank by 3% in 2020, its sharpest decline in 11 years as the global COVID-19 pandemic took its toll, revised official data showed on Thursday.The figures from the Federal Statistics Service Rosstat were marginally better than Rosstat’s preliminary estimate that gross domestic product fell by 3.1% last year.The… Read More

German economy is slumping on anti-virus curbs, Bundesbank says

March 22, 2021 WallStreetReview

FILE PHOTO: Picture shows the abandoned Kennedy Square due to the coronavirus disease (COVID-19) pandemic lockdown in downtown Essen, Germany, March 11, 2021. REUTERS/Wolfgang RattayFRANKFURT (Reuters) - The German economy is likely to shrink sharply this quarter as pandemic-fighting curbs hit the services sector and even the booming construction industry slows, the Bundesbank said on… Read More