Italy’s virus-hit economy is expected to grow 4.1% this year and 4.2% in 2022. It is in an “uncertain ascent from the abyss,” the country’s business lobby Confindustria said on Saturday. Italian Economy Recovery The Italian economy shrank by a post-war record of 8.9% last year. Confindustria said even such “historically high” growth estimates would not make up for last year’s … [Read more...] about Italy’s Economy to Grow 4.1% in 2021, According to Business Lobby
Germany Sees Surge in COVID-19 Cases, Economy Recovery Bleak
This is not the time to consider the full reopening of the German economy. Rather, the time to be strict and keep coronavirus infections low, Germany’s finance minister said while adding that richer households will soon be paying more in taxes. Germany Economy “There is not a time for opening. This is the time for being very tough, for keeping infection rates down,” German … [Read more...] about Germany Sees Surge in COVID-19 Cases, Economy Recovery Bleak
New Zealand’s Tourism Economy Expected to Rise if Trans-Tasman Bubble Opens
Welcoming Australians back to Aotearoa could result in a billion-dollar boost to New Zealand's economy. This is if a trans -Tasman bubble opens in the coming weeks. That's the latest forecasting from Tourism New Zealand (TNZ) ahead of Tuesday's expected opening date announcement. TNZ interim chief executive René de Monchy said it would be very welcome news after a tough … [Read more...] about New Zealand’s Tourism Economy Expected to Rise if Trans-Tasman Bubble Opens
France to Go on Lockdown Again, Finance Minister Warns it Could Hit Economic Growth
A fresh lockdown in France will dent economic growth this year, but it is too early to say by how much, the finance minister, Bruno Le Maire, has warned. France Goes on Lockdown Amid concerns that increasing infection rates across much of continental Europe will slow the recovery from the pandemic. Le Maire indicated that a forecast of 6% GDP growth this year may need to be … [Read more...] about France to Go on Lockdown Again, Finance Minister Warns it Could Hit Economic Growth
British Pound Defeats USD in Holiday Trade
GBP/USD is currently trying to settle above the 20 EMA at 1.3830 while the U.S. dollar is losing ground against a broad basket of currencies. The U.S. Dollar Index has managed to settle below the support at the 93 levels and is moving lower. The next support level for the U.S. Dollar Index is located at 92.70. If the U.S. Dollar Index gets to the test of this level, GBP/USD … [Read more...] about British Pound Defeats USD in Holiday Trade