ZURICH, June 15 Reuters Switzerland became the latest country to downgrade its economic growth forecasts on Wednesday, with the government warning risks stemming from the war in Ukraine and food and energy inflation have increased. The Swiss economy is expected to expand by 2.6 in 2022, the State Secretariat for Economic Affairs SECO said, revising […]

BERLIN, June 15 Reuters Germany39;s IfW economic institute said on Wednesday it was raising its forecast for German inflation this year to 7.4 from 5.8 previously. For 2023, the IfW raised its inflation forecast to 4.2 from 3.4. IfW, one of the Germany39;s leading institutes and part of a group that advises the government, nevertheless […]

June 15 Reuters The average interest rate on the most popular U.S. home loan climbed to its highest level since the 2008 financial crisis and purchase applications were down more than 15 from last year, Mortgage Bankers Association MBA data showed on Wednesday. Still, more homebuyers sought properties compared to a week earlier, perhaps signalling […]

BERLIN, June 15 Reuters German steel workers and employers have struck a deal for a 6.5 wage hike from August, ending lengthy negotiations that come amid soaring inflation and a spike in energy prices. This is the highest percentage increase in the steel industry in 30 years, said Knut Giesler, negotiator for powerful labour union […]