Germany’s economic backbone ‘on the brink’ – Bloomberg — RT Business News

Germany’s economic backbone ‘on the brink’ – Bloomberg — RT Business News

Source link Berlin has curbed spending, having limited some funds for businesses that were already struggling with higher energy costs German family-led companies, traditionally seen as the backbone of the country’s economy, have found themselves on the verge of bankruptcy, Bloomberg reported on Saturday, citing business figures and industry analysts on the ground. Owners of […]

France warns of ‘economic shock’ from Russian victory — RT World News

France warns of ‘economic shock’ from Russian victory — RT World News

Source link Control over Ukraine’s fertile lands would allow Moscow to “attack” European farmers, FM Stephane Sejourne has said A potential Russian victory in Ukraine could deal an economic blow to the West because Moscow would gain control of vast resources, French Foreign Minister Stephane Sejourne has said. In an opinion piece for the French […]

Western predictions of Russia’s economic collapse have been let down by the facts — RT Business News

Western predictions of Russia’s economic collapse have been let down by the facts — RT Business News

Source link For two years politicians and analysts have offered grim forecasts that never seem to materialize Ever since Russia’s military operation against Ukraine began in February of 2022, there has been a steady flow of predictions from Western politicians, analysts, and commentators about the impending demise of the Russian economy. In fact, the prognosticating […]

IMF admits surprise at Russian economic strength — RT Business News

IMF admits surprise at Russian economic strength — RT Business News

Source link The Washington-based fund had previously been criticized for its optimistic assessment of Russia’s economy The Russian economy has been growing faster than many economists projected, IMF First Deputy Managing Director Gita Gopinath admitted on Monday in an interview with Foreign Policy magazine. Russian GDP climbed by 3.6% in 2023 and the country’s authorities […]

Top-down or bottom-up? As elections approach, Modi-led party is set to test two economic philosophies — RT India

Top-down or bottom-up? As elections approach, Modi-led party is set to test two economic philosophies — RT India

Source link For the first time in modern India, the government has come out openly in support of economic reforms, and spoken out against populism at the same time Last week, India’s ruling Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) tabled a white paper in Parliament chronicling the last two tumultuous decades of the […]

Russian economic activity at high level – Putin — RT Business News

Russian economic activity at high level – Putin — RT Business News

Source link The president has urged the government to maintain a balance between pursuing economic development and price stability Economic activity in Russia at the beginning of the year remains strong, according to President Vladimir Putin, who said on Monday that the situation is in line with the expectations of the government. DETAILS TO FOLLOW […]

Tapping frozen Russian assets is ‘economic racketeering’ – Moscow — RT Business News

Tapping frozen Russian assets is ‘economic racketeering’ – Moscow — RT Business News

Source link The EU has unanimously backed the idea of using profits from the funds to help Ukraine The EU’s plan to seize the profits from frozen Russian assets and hand them over to Ukraine would be a gross violation of international law, the Foreign Ministry in Moscow has told RIA Novosti. Belgium-based clearing house […]

AI technologies help Russia boost economic growth – PM — RT Business News

AI technologies help Russia boost economic growth – PM — RT Business News

Source link New digital solutions and mechanisms have added roughly one trillion rubles to GDP, Mikhail Mishustin has said The Russian economy outpaced its European peers in terms of growth last year, expanding by 4%, Prime Minister Mikhail Mishustin stated on Friday, citing the latest calculations. He said the main driver behind the above-average growth […]

Race for global economic dominance sees ‘striking turn of fortunes’ – ex-IMF official  — RT Business News

Race for global economic dominance sees ‘striking turn of fortunes’ – ex-IMF official  — RT Business News

Source link The assumption that China will eventually overtake the US as the world’s largest economy now seems less certain, Eswar Prasad has said The US has extended its lead over China in the race for the globe’s largest economy, Bloomberg reported on Friday. The American economy defied forecasts in outperforming China’s last year, according […]

German chancellor blames economic woes on Ukraine conflict — RT World News

German chancellor blames economic woes on Ukraine conflict — RT World News

Source link Olaf Scholz has also claimed the previous governments failed to address difficult issues Germany’s economy outlook is marred by uncertainty brought on by the Ukraine conflict and the fallout of the Covid-19 pandemic, German Chancellor Olaf Scholz has said. While acknowledging a widespread sense of concern among Germans, he insisted that his government’s […]