Finland’s Economy Emerges From Recession, Flash Estimate Shows
Finland probably exited a recession in the first quarter, according to preliminary data from one of Europe’s worst-performing economies.
Finland probably exited a recession in the first quarter, according to preliminary data from one of Europe’s worst-performing economies.
Global equities are set for a fresh record after a big tech-led rally in US gauges, with investors awaiting key inflation data for clues on the Federal Reserve’s policy.
Australia’s central bank is likely to keep interest rates elevated for longer, economists said, despite Tuesday’s budget forecasting inflation to fall back within the 2-3% target by year’s end, a result that would normally open the door to earlier easing.
China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to salvage the beleaguered property market.
Russia’s invasion of Ukraine has hit sovereign borrowing costs for the EU’s 10 eastern members, raising the cost by around half a percentage point since the war began, according to an analysis by the European Bank for Reconstruction and Development.
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