Source link Christian Lindner believes that structural reforms are needed to strengthen the competitiveness of the EU’s economic heavyweight Germany needs structural reforms to boost its competitiveness, Finance Minister Christian Lindner said at an event at the London School of Economics on Monday, as cited by Reuters. The comments came in response to Germany once […]
Source link Growth in the EU’s powerhouse has gotten off to a slow start this year due to persistent economic headwinds, analysts believe The German economy has probably failed to grow again at the start of 2024 after contracting in the final quarter of last year, Bloomberg reported on Monday. Analysts surveyed by the outlet […]
Source link The shipping disruptions are pressuring prices but not to the point that inflation projections should be hiked, Kristalina Georgieva says The Houthi rebel attacks on vessels in the Red Sea have had a significant impact on insurance and shipping rates, but have so far not affected global economic growth prospects, Kristalina Georgieva, the […]
Source link Germany is set to make a large investment in four gas-fired plants, the government has announced Germany is set to spend €16 billion to construct four gas-fired power plants as it seeks to ensure an adequate supply of electricity after scrapping its nuclear reactors, the Economy Ministry announced earlier this week. This comes […]
Source link Roughly 15% of German companies are reportedly in distress, the largest number in the bloc The German economy is in for a difficult year after contracting in the final quarter of 2023, as inflation and high interest rates continue to weigh on the industry, Bloomberg reported this week, citing analysts. According to the […]
Source link The prime minister says he is confident his party will win the general election and take the economy beyond the $5 trillion mark Prime Minister Narendra Modi on Monday pledged to lead India’s economy to become the world’s third-largest, as expectations of another victory for the ruling Bharatiya Janata Party (BJP) build up […]
Source link The once mighty growth engine of the EU now seems vulnerable as the threat of deindustrialization looms German Finance Minister Christian Lindner, injecting some humor at the recent World Economic Forum in Davos, stated that Germany is not the “sick man” of Europe but rather “a tired man,” following the recent years of […]
Source link The Russian economy keeps growing and has already become the largest in Europe and the fifth largest in the world in terms of purchasing power parity (PPP), President Vladimir Putin said while speaking at the ‘Everything for Victory’ forum in the city of Tula on Friday. PPP is a metric popular with many […]
Source link The country’s GDP may have actually expanded by up to 4% in 2023, according to preliminary data The Russian economy appears to have performed even better than previously expected in 2023 as growth is now projected to reach up to 4%, outpacing European peers and exceeding the global average, Prime Minister Mikhail Mishustin […]
Source link The dramatically upgraded forecast issued by the IMF for Russia’s GDP growth this year is interesting, said Kremlin spokesperson Dmitry Peskov on Wednesday. The IMF significantly raised its growth projection for the Russian economy in 2024 in its latest World Economic Outlook update released this week. The Washington-based institution now expects Russian GDP […]
Source link Following the addition of new members, the group now accounts for 35% of the world’s GDP in PPP terms, Elvira Nabiullina has said The BRICS states have overtaken the G7 in terms of share in global GDP in PPP terms, the head of the Russian central bank, Elvira Nabiullina, told RIA Novosti in […]
Source link Brussels could stop all funding for Hungary if its veto on Ukraine aid is not lifted, according to a document seen by the paper The European Union is preparing to cut off all funding for Budapest in a bid to hurt “jobs and growth” if Prime Minister Viktor Orban continues to block aid […]
Source link Jamie Dimon calls for the snowballing US debt burden to be addressed before it turns into crisis The US economy is heading towards disaster as the vast national debt continues to mount, JPMorgan CEO Jamie Dimon said in an interview with Fox News earlier this week. According to the chief executive of the […]
Source link The union’s fourth work stoppage since November kicked off on Tuesday and is set to last six days German train operators have begun a six-day strike that will be their longest ever and that analysts warn could end up costing the country’s economy as much as €1 billion ($1.09 billion). The strike called […]
Source link Lithuania’s Ausrine Armonaite says lending to the government is better than “hiding cash in a sock” Lithuanian Economy Minister Ausrine Armonaite has issued a call for citizens to finance the country’s defense industry, telling them to “invest in tanks” rather than keep hold of their savings. Discussing her proposal with Lithuanian National Radio […]