The Association of German Banks (Bankenverband, BdB) called a significant slowdown in private investment the weakness of the German economy and slightly reduced the forecast for GDP growth for 2019, reports Reuters. Now the association predicts a 1.8% growth in Europe’s largest economy compared...

Despite the sharp drop in portfolio investment volumes, the total inflow of non-resident funds to emerging markets this year could reach $ 1.1 trillion against $ 1.26 trillion in 2017, predicts the Washington Institute of International Finance. The net inflow volume will amount to $ 177 billion...

By the end of September, inflation in Turkey reached 24.5% year on year. Economists attribute the rise in prices to depreciation of the Lira, which has fallen by 40% against the Dollar since the beginning of the year. According to data of the Central Bank of Turkey for September, the basic consumer...

Market participants and analysts are focused on forthcoming reduction in oil supplies in connection with US sanctions against Iran, which will be introduced in November. However, the market faces a more disturbing problem. Experts predict that unless large oil fields are opened in the near future,...

The increase in social spending and reduction of the tax burden will lead to an increase in the budget deficit of Italy to 2.4% of GDP in 2019. This figure is included in the new financial plan of the country, proposed by the government. Also, Italy intends to abandon the VAT increase from 2019....

Personal data of about 50 million users of Facebook have been hacked according to the largest social media platform of the world. Facebook said that the account of even its founder and CEO Mark Zuckerberg’s account was also compromised.   According to information released by Facebook,...

Italy is on a possible collision course with the European Union because it has agreed to a budget proposal to set the budget deficit target for 2019 at 2.4% of GDP. This decision has however been lauded by many leaders in the country.   Deputy prime ministers – Luigi Di Maio, the leader of...

Heads of some international corporations said that Donald Trump's tariff policy had already begun to negatively affect their business. According to Ford CEO Jim Hackett, his company's profits will decrease by $ 1 billion due to additional duties on the import of steel products in the US. BP CEO Bob...

Based on its presumption that the United States economy would have a good run for the next three years at least, the U.S. Federal Reserve again raised interest rates and carried on with its policy of slow but steady tightening of its monetary policy.   The benchmark overnight lending rate...