SUBSCRIBERS
EU raises growth outlook; GDP forecast to rise 1.5%
Published Tue, May 5, 2015 · 09:50 PM
Brussels
THE European Commission raised its euro-area growth forecast as the impact of a weaker euro and unprecedented monetary stimulus help the economy overcome pressure on confidence from the continuing crisis in Greece.
Gross domestic product (GDP) in the 19-nation currency bloc is forecast to increase 1.5 per cent this year, up from 1.3 per cent in February, according to the commission, the European Union executive in Brussels.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs