The German debt-to-GDP ratio is likely to rise slightly this year but then fall steadily until 2028, the finance ministry said on Wednesday. The ministry expects the debt-to-GDP ratio at 64% in 2024, according to projections for the EU Commission, which were approved by the cabinet on Wednesday. In...
Cut in June or not at all? The Bank of England is left parsing policy between a European Central Bank nailed on for cutting rates by mid-year and a U.S. Federal Reserve some feel may not beready to ease at all in 2024. Not for the first time, the BoE finds itself somewhere in the …
https://www.hellenicshippingnews.com/boe-tries-to-sail-a-mid-ocean-policy/
The German government on Wednesday raised its economic growth forecast for this year to 0.3%, from 0.2% previously, and lowered its forecast for inflation by 0.4 percentage points. The forecasts are part of the government’s spring projections, which Economy Minister Robert Habeck presented on...
https://www.hellenicshippingnews.com/german-government-nudges-up-2024-gdp-forecast-to-0-3/
New orders for key U.S.-manufactured capital goods rose moderately in March and data for the prior month was revised lower, suggesting business spending on equipment was likely sluggish in the first quarter. Non-defense capital goods orders excluding aircraft, a closely watched proxy for business...
https://www.hellenicshippingnews.com/us-core-capital-goods-orders-rise-moderately-in-march/
China urged the European Union to abide by its commitment to opening markets and fair competition, as well as to comply with World Trade Organisation rules, its foreign ministry said in response to EU’s actions against Chinese businesses. Responding to a question about the EU’s probe into Chinese...
https://www.hellenicshippingnews.com/china-urges-eu-to-stop-excuses-to-restrict-chinese-firms/
The biggest economic challenge for the government after the ongoing election is unemployment, according to economists polled by Reuters who expected the world’s most populous country to grow a healthy 6.5% this fiscal year. Despite growing at the fastest pace among major peers, the economy has...
Euro zone inflation could still prove stubborn so a European Central Bank rate cut in June will not necessarily be followed by further policy easing, Bundesbank President Joachim Nagel said on Wednesday. The ECB has essentially promised a rate cut at its next policy meeting on June 6 but...
JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. economic boom is “unbelievable,” Dimon said at an Economic Club of New York event on Tuesday. “Even if we go into recession, the consumer’s still in good...
https://www.hellenicshippingnews.com/jpmorgan-ceo-dimon-says-us-economy-is-booming/
Central bankers choose their words carefully, so recent comments from the Federal Reserve’s two most senior policymakers that U.S. monetary policy could stay “restrictive” rather than “higher” for longer should not be overlooked. While it may just seem like semantics, Fed Chair Jerome Powell and...
The European Central Bank must be convinced that inflation is heading back to its 2% target before cutting interest rates, Bundesbank President Joachim Nagel said on Tuesday. The bank has essentially pre-announced a rate cut for June but policymakers are expressing a wide range of views on where...