gdp

Germany needs an economic turnaround, says finance minister Lindner

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Germany needs an economic turnaround, says finance minister Lindner

Germany’s economy was the weakest among its large euro zone peers last year, facing challenges like high energy costs and record high interest rates. The International Monetary Fund has cut its GDP forecasts for Germany, expecting 0.2% growth this year and 1.3% in 2025. German Finance Minister Christian Lindner emphasized the need for an economic turnaround to secure the country’s geopolitical position, especially in the face of Russian President Vladimir Putin’s aggression towards Ukraine. Lindner highlighted that economic strength plays a crucial role in geopolitics.

Real economic growth to pick up in 2025, says UCy

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Real economic growth to pick up in 2025, says UCy

Real activity growth in Cyprus is expected to continue at a similar pace as in 2023 and gather momentum in 2025, with real GDP growth forecasted at 2.6% in 2024 and 3.3% in 2025. The growth forecasts have been revised up from previous estimates.

Yen falls on BoJ inaction, focus on US PCE inflation

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Yen falls on BoJ inaction, focus on US PCE inflation

The Japanese Yen is trading at its weakest level in over three decades against the US Dollar after the Bank of Japan decided to leave monetary policy settings unchanged.

High share of overqualified workers, ICT sector thrives

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High share of overqualified workers, ICT sector thrives

Cyprus is among the top countries in Europe in terms of the gross value added by the provision of services in the information and communication technology sector.

WTI above $83.50 on disappointing US GDP, Gaza fears

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WTI above $83.50 on disappointing US GDP, Gaza fears

The benchmark US crude oil Western Texas Intermediate (WTI) is trading higher around .60 on Friday due to potential geopolitical risk from a looming Israeli invasion of the southern Gaza city of Rafah.

Eurozone consumers lower inflation expectations again, ECB survey shows

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Eurozone consumers lower inflation expectations again, ECB survey shows

Eurozone consumers lowered their expectation for inflation over the next 12 months in March but continued to see price growth above the European Central Bank’s 2 per cent target. The ECB is planning to cut interest rates in June.

Dollar slides ahead of key GDP data

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Dollar slides ahead of key GDP data

The US Dollar is under modest selling pressure as investors await key data releases, including the first estimate of annualized GDP growth for the first quarter and weekly Initial Jobless Claims data.

WTI over $83 as more volatility for crude oil

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WTI over $83 as more volatility for crude oil

– WTI fell below .00 per barrel before recovering above .00.
– US Purchasing Managers Index (PMI) figures were softer than expected.
– Crude oil markets are exposed to downside moves as geopolitical tensions ease.
– US GDP figures are expected to ease to 2.5% from the previous 3.4%.
– The PCE Price Index inflation data is forecast to hold steady at 0.3% MoM.
– WTI crossed .00 per barrel and rallied above the 200-hour EMA.
– Despite the rally, WTI is down around 4.5% from April’s swing highs near .00 per barrel.

What, ’s a sheconomy?

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What, ’s a sheconomy?

– Women are reshaping pop culture and redefining economic power
– The rise of Sheconomy is powered by women becoming more financially independent
– Women control 70 to 80 percent of purchasing decisions in the United States
– Women’s consumer behavior is becoming more autonomous
– Women’s success across various sectors is contributing to economic growth
– Diversity in leadership enriches corporate culture and boosts economic performance
– Advocacy for structures supporting women’s advancement in the workplace is important
– Financial opportunities and policies supporting work-life balance are crucial for women’s economic empowerment

Income Tax Department’s Net Direct Tax Collections Exceeds Estimates Hits Rs 19.58 Lakh Crore, Surging 17.70 pc YOY – Check Details

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Income Tax Department's Net Direct Tax Collections Exceeds Estimates Hits Rs 19.58 Lakh Crore, Surging 17.70 pc YOY - Check Details

The Income Tax Department’s net direct tax collections for the fiscal year ending in March 2024 exceeded estimates, reaching Rs 19.58 lakh crore, a 17.7% increase year-on-year.