The institute cut its previous forecast of 0.5% growth from September.
“The German economy cannot break free from stagnation,” said the economic institute in its report. “There are hardly any signs of a noticeable economic upturn.”
For 2026, IfW Kiel forecast 0.9% growth, also downwardly revising its previous forecast of 1.1% growth.
SEOUL (Reuters) – South Korean President Yoon Suk Yeol’s switch from contrition to defiance on Thursday over his martial law order rallied some supporters but other members of his party…
Read more
TOKYO–(BUSINESS WIRE)–Blackstone (NYSE: BX), the world’s leading alternative investment firm, today announced that Real Estate funds managed by Blackstone (NYSE:BX) (Blackstone) have entered into definitive agreements to acquire Tokyo Garden…
Read more
VATICAN CITY (Reuters) – Pope Francis called on Thursday for new international agreements to reduce the debt burden faced by low-income countries and shift spending from arms and military equipment…
Read more
At the close in NSE, the Nifty 50 lost 0.42%, while the BSE Sensex 30 index fell 0.32%. The best performers of the session on the Nifty 50 were Adani…
Read more
SEOUL (Reuters) -South Korea will support smaller airlines and monitor market competitiveness after dominant carrier Korean Air completed a $1.3 billion acquisition of Asiana Airlines on Thursday to create one…
Read more
BERN (Reuters) -The Swiss National Bank cut its interest rate by 50 basis points on Thursday, its biggest reduction in almost 10 years as it sought to stay ahead of…
Read more