The Russian economy is doing better than experts initially expected. The International Monetary Fund (IMF) significantly increased its growth expectations for 2023 and 2024 on Tuesday. The Russian central bank warned that inflation risks could increase further. After an economy that shrank by 2.2 percent in 2022, the IMF is now forecasting growth rates of 0.3 percent this year and 2.1 percent next year. Russia is likely to do better this year than Germany or the UK, for example. Originally,...
Cautious optimism yes, general all-clear no: This is the conclusion reached by the International Monetary Fund (IMF) in its new quarterly global economic outlook, which the IMF presented in Singapore. In contrast to the previous quarters, the global economic outlook did not deteriorate any further this time, explained IMF chief economist Pierre-Olivier Gourinchas in a written statement distributed at the same time. "That's good news, but not enough. The road to a full recovery, with sustained growth, stable prices and...
The INSEE figures have fallen, and announce a growth of 2.6% of the French GDP (gross domestic product) in 2022. A news which delighted the Minister of the Economy Bruno Le Maire, who insisted on Tuesday on “ exceptional resistance capacities (…)” of French companies and employees.This figure “testifies to the strong rebound of our economy after the shock of the Covid and its resilience in the face of the energy crisis”, welcomed the number two of the government, while...
Growth in French economic activity reached 2.6% in 2022, marked however by a slowdown in the fourth quarter due to a sharp decline in household consumption in a context of high inflation, INSEE said on Tuesday. .In 2022, gross domestic product (GDP) benefited above all from the rebound in activity recorded in the second part of 2021 “at the end of the health crisis”, then proving to be “significantly less dynamic”, according to the National Institute of Statistics. (INSEE). The...
Did you miss the news this early morning? We've put together a recap to help you see things more clearly.Pension reform: Back on the streets, the unions want to strike harderGalvanized by the success of their first mobilization against the pension reform, the unions are calling for new demonstrations everywhere in France on Tuesday and threatening strikes in February. After their feat of January 19 (1.12 million demonstrators according to Beauvau, more than two million according to the organizers) the...
As his 100th day in Downing Street on Tuesday coincides with the third anniversary of Britain's exit from the European Union, Rishi Sunak defended Brexit on Monday evening. This event is "a huge opportunity" for British growth, he said.Since January 31, 2020, “we have made tremendous progress in harnessing the freedoms offered by Brexit to address generational challenges. Whether it is leading the fastest vaccine deployment in Europe, striking trade deals with over 70 countries, or regaining control of our...
Cautious optimism yes, general all-clear no: This is the conclusion reached by the International Monetary Fund (IMF) in its new quarterly global economic outlook, which the IMF presented in Singapore. In contrast to the previous quarters, the global economic outlook did not deteriorate any further this time, explained IMF chief economist Pierre-Olivier Gourinchas in a written statement distributed at the same time. "That's good news, but not enough. The road to a full recovery, with sustained growth, stable prices and...
The cardboard board should not be missing from an annual economic report. Robert Habeck holds it up to the cameras, and of course the curve goes up towards the back. "Minus twelve percent would no longer fit on the blackboard," says the Green Economics Minister. "Just looking at it tells the story."It was only a little over half a year ago that such horror numbers were circulating. The Bavarian Business Association warned in June that German growth could collapse by...
STORY: Despite the energy crisis, high inflation and rising interest rates, the federal government believes the German economy is capable of slight growth this year. The gross domestic product is likely to increase by 0.2 percent in 2023, according to the current annual economic report. A decline of 0.4 percent was still expected in the autumn. Federal Minister of Economics Robert Habeck presented his assessments on Wednesday and also had something like self-praise in his luggage. "We now assume that...
shares in this articleAfter more than two decades, the 62-year-old retired from top management. The move followed a surprisingly strong final quarter. Not least thanks to the documentary series "Harry & Meghan", Netflix grew much faster than expected with an increase of 7.7 million users. The service is changing: a cheaper subscription plan with advertising was recently launched, and action will soon be taken against the sharing of passwords."Even founders need to evolve!" Hastings wrote on the company blog on...
