Economy Archives - WallStreetReview

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

Mexican economy shrank 4.0% year-on-year in February, estimate shows

March 18, 2021 WallStreetReview

FILE PHOTO: Construction workers work on their job site in Mexico City, Mexico June 1, 2020. REUTERS/Edgard GarridoMEXICO CITY (Reuters) - The Mexican economy contracted by 4.0% in February compared to the same month a year earlier, preliminary official data showed on Thursday.Secondary activities, which include manufacturing, were down 4.2% while tertiary activities such as… Read More

Brazil’s economy may have shrunk by less than 4% last year: Guedes

March 2, 2021 WallStreetReview

FILE PHOTO: A woman looks at job listings posted on a light pole in downtown Sao Paulo, Brazil, September 30, 2020. REUTERS/Amanda PerobelliBRASILIA (Reuters) - Brazil’s economy could grow 3.5% this year and may have shrunk last year by less than 4%, Economy Minister Paulo Guedes said on Tuesday, stressing again that a resumption of… Read More

EU economy to rally in second-quarter as vaccine roll-out accelerates: EU executive

February 8, 2021 WallStreetReview

BRUSSELS (Reuters) - Europe’s economy is likely to rally in the second quarter as an acceleration in COVID-19 vaccine roll-out allows governments to gradually lift lockdown restrictions, the European Commission’s vice president for the economy Valdis Dombrovskis said Monday.FILE PHOTO: European Commission Vice President Valdis Dombrovskis attends a news conference on the coronavirus disease (COVID-19)… Read More

Safe-haven dollar lifted by rise in coronavirus cases

June 17, 2020 WallStreetReview

FILE PHOTO: Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration NEW YORK (Reuters) – The U.S. dollar was slightly higher on Wednesday afternoon as evidence of a surge in coronavirus cases in some U.S. states and in Beijing sent investors into safe-haven assets. The... Read More

U.S. homebuilding rises moderately; jump in permits hints at green shoots

June 17, 2020 WallStreetReview

WASHINGTON (Reuters) – U.S. homebuilding increased less than expected in May, but a strong rebound in permits for future home construction suggested the housing market was starting to emerge from the COVID-19 crisis along with the broader economy. FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson Other... Read More

Asian business sentiment plunges to record low on virus effect: Thomson Reuters/INSEAD survey

June 16, 2020 WallStreetReview

SINGAPORE (Reuters) – Business sentiment of Asian companies sank to an 11-year low in the second quarter, a Thomson Reuters/INSEAD survey found, with some two-thirds of the firms polled flagging a worsening COVID-19 pandemic as the biggest risk over the next six months. FILE PHOTO: A worker wearing a protective suit takes body temperature measurement of a man inside the... Read More