Economy News

Eurozone: Growth is in jeopardy

The Eurozone economy is doing well, but the Covid-19 outbreak has resurfaced, putting a pall over economic forecasts. The PMI indices, which represent corporate confidence in the monetary union and are leading indicators of economic growth, climbed in November, above economists’ predictions. “The better-than-expected PMI indicates that the Eurozone economy
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SIX to move its operations abroad

In an interview, Chairman of the Board Thomas Wellauer revealed that SIX is considering moving some of its operations abroad, including to Spain and Poland. “In terms of developing new functions, Spain now represents a viable option,” says the report, adding that actions in Poland are also gaining traction. On the other hand, he opposed […]
Economy News

Germany growth is being hampered by shortages

Growth forecasts predict material shortages will significantly dampen Germany economic recovery, which is heavily reliant on its export industry. Leading economic institutes (DIW, IFO, IFW, IWH and RWI) now forecast an increase of 2.4% in GDP in 2021. Latest estimate was for growth of 3.7% this year, after a historic decline of 4.9% in 2020. […]