The European Union’s rollout of its recovery fund has lost so much urgency. French Finance Minister Bruno Le Maire raises the alarm at the risk delay poses to the region’s rebound from the pandemic. EU Rollout The 750 billion-euro ($890 billion) plan is “not on the right track,” he told Francine Lacqua in a Bloomberg Television interview. This marks Wednesday’s Group of 20 … [Read more...] about EU Recovery Logjam Slammed by Le Maire as G-20 Gathers
German Factories Thrived During Lockdown, Tourism Future Still Bleak
Business morale in Germany is higher this month than it has been in almost two years. Rising demand for manufactured goods keeps factories in Europe’s largest economy humming despite the pandemic and lockdown restrictions. A survey showed on Friday. Demand for German Goods are High The Ifo institute said its business climate index shot up to 96.6, the highest reading since … [Read more...] about German Factories Thrived During Lockdown, Tourism Future Still Bleak
France Cuts its Economic Growth Forecast to 5% as it Began Another Lockdown
Economic Minister Bruno Le Maire said in a newspaper interview regarding the French economy's economic growth because it will expand by 5% in 2021. This is after a third lockdown was ordered to tackle the coronavirus pandemic. The pandemic has prompted a downward revision in the previous government forecast for 6% growth. Economic Growth of France Le Maire said the new … [Read more...] about France Cuts its Economic Growth Forecast to 5% as it Began Another Lockdown
New Zealand Dollar Forecast on Japanese Yen, Canadian Dollar, UK Pound and Swiss Franc
The New Zealand Dollar saw a dreadful performance against the Canadian Dollar through March, dropping nearly 5%, its worst monthly performance in years. NZD/CAD breached its 200-day Simple Moving Average (SMA) last month as broad-based Loonie strength drove prices lower. The technical view on price action may present an opportunity for some upside, however. NZD/CAD’s bounce … [Read more...] about New Zealand Dollar Forecast on Japanese Yen, Canadian Dollar, UK Pound and Swiss Franc
US and UK Trade War Appears to be Unlikely
The US could soon impose tariffs on UK imports in retaliation for a UK tax on US companies operating in Britain, raising fears the move would represent the first shots in a trade war between the two nations. Report this week revealed that the U.S. would consider levying tariffs worth £235MN on UK imports in response to any taxes levied by the UK on U.S.-based technology … [Read more...] about US and UK Trade War Appears to be Unlikely