Economy : Page 5

ifo Institute cuts growth forecast for Germany to 0.2%

March 7, 2024 The ifo Institute has reduced its growth forecast for the current year to 0.2%, down from 0.7% in January and 0.9% in December.

Slight decrease in animal production expected in EU in 2024

March 7, 2024 In the second semester of 2024, the gross indigenous production (GIP) of bovine animals produced in the EU is projected to reach 12.1 million head.

Egypt central bank lifts interest rates by 600 bps in surprise move

March 6, 2024 Egypt\'s central bank decided to raise its interest rate by 600 basis points and to allow the currency exchange rate to be determined by market forces at an emergency meeting on Wednesday, citing high inflation.

Germany's foreign trade posts surplus of almost $30b in January

March 6, 2024 Germany\'s foreign trade balance posted a surplus of $29.87 billion in January, the federal statistical authority announced on Wednesday.

South Africa's GDP up 0.6 pct in 2023

March 6, 2024 South Africa\'s economy remained muted, with its real gross domestic product (GDP) growing 0.6 percent in 2023 after expanding 1.9 percent in 2022, official data showed Tuesday.

Italy's Q4 2023 GDP records growth

March 6, 2024 Italy\'s gross domestic product (GDP) increased by 0.2 percent in the fourth quarter (Q4) of 2023 over the previous quarter, and by 0.6 percent year-on-year, the National Institute of Statistics (ISTAT) said.

Gross fixed investment in Mexico grows 19.7 pct in 2023

March 5, 2024 Gross fixed investment in Mexico increased 19.7 percent in 2023 compared to 2022, driven by both the construction sector and the purchase of machinery and equipment, the National Institute of Statistics and Geography reported.

South Korea's revised GDP up 1.4 pct in 2023

March 5, 2024 South Korea\'s revised real gross domestic product (GDP), adjusted for inflation, was up 1.4 percent in 2023 compared to the previous year, central bank data showed Tuesday.

West Virginia FY 2024 revenue collections $428 million ahead of estimate

March 5, 2024 Governor Jim Justice announced that West Virginia’s General Revenue collections for February 2024, the eighth month of Fiscal Year 2024, came in at $283.4 million, which is $30.62 million below the official estimate.

Fitch affirms Iceland at ‘A’; Outlook Stable

March 5, 2024 Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook.

New Zealand: Business sentiment moderates but remains upbeat in February

March 4, 2024 The ANZ bank business outlook indicator dipped in February, although it remained strongly optimistic.

Romania: Economic sentiment falls in February

March 4, 2024 Economic sentiment came in at 101.3 in February, down from January’s 102.2.