recession Archives - Page 4 of 5

UK inflation hits 40-year high

By Craig Erlam European equity markets were a little flat on Wednesday, with inflation data in the morning once again offering a reminder of the struggles that lie ahead. There are also

18th May 2022

Markets/World

Risk appetite, ECB policy muddied by Ukraine crisis

By Han Tan, Chief Market Analyst at Exinity Group Asian stocks are mixed while US and European futures are in the green, as markets are tossed about by the headline blitz stemming

9th March 2022

Markets/World

Cyprus recession less severe than projected

Despite the COVID-19 doomsday scenarios, the Cyprus economy shrunk -5.1% GDP, less than any estimate made by the government or European Union monetary bodies, Finance Minister Constantinos Petrides said Tuesday. Eurostat data

16th February 2021

Business

Nicosia welcomes EU forecast on weaker recession

Cyprus’ Finance Ministry has welcomed the European Commission winter forecast indicating the recession in 2020 was less severe than first predicted with the economy shrinking 5.8% GDP due to the pandemic. Nicosia

11th February 2021

Business

COVID19: Cyprus economy to enter ‘serious recession’

Cyprus Central Bank Governor, Constantinos Herodotou warned the economy will experience a “serious recession” in 2020 due to the coronavirus pandemic fallout but for how long is unknown. “The economy’s prospects for

29th May 2020

Business

COVID19: EU predicts a sharp -7.4% Cyprus recession

Cyprus is heading for a tough economic recession with GDP growth in 2020 to decline -7.4% while public finances will deteriorate with a -7% deficit, according to the EU. Inflation is set

6th May 2020

Business

In markets vs economy, Covid-19 remains the big unknown

By Hussein Sayed, Chief Market Strategist at FXTM The 31% rally in the S&P 500 since hitting a bottom of 2,191 on March 23 has been truly incredible. Economic factors should be

20th April 2020

Markets/World

COVID19: World economy could be in recovery within 6 months… but on two conditions

The world economy could be headed towards recovery from a coronavirus-triggered downturn within six months – but only if mass testing is rolled out now and governments guarantee to support demand, a

1st April 2020

Markets/World

COVID19: Coronavirus will hit economies across all EBRD regions; recovery could be robust

The coronavirus pandemic will have a negative impact on economies across the EBRD regions but recovery could be robust once the outbreak is contained, according to the bank’s economists. The European Bank for Reconstruction and Development,

19th March 2020

Economy/Europe

Multitrillion dollar intervention fails to calm investors

By Hussein Sayed, Chief Market Strategist at FXTM We are now seeing unprecedented policies by authorities across the world on a daily basis – countries are shutting down their borders, governments are

19th March 2020

Markets/World