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Monthly archive October, 2020

German ZEW Economic Confidence At 5-Month Low

Germany's economic sentiment deteriorated to a five-month low in October amid heightened uncertainty surrounding trade talks with the UK and the run-up to the presidential elections in the US, survey data from the ZEW - Leibniz Centre for European Economic Read More →

U.S. Consumer Price Growth Matches Estimates In September

Consumer prices in the U.S. showed a modest increase in the month of September, according to a report released by the Labor Department on Tuesday, with the uptick in prices matching economist estimates. The Labor Department said its consumer price Read More →

IMF Says Global Economic Contraction To Be Less Severe Than Previously Feared

The global economy is set to contract less severely than initially feared due to better-than-expected outcomes in the main economies in the second quarter despite the lockdowns to battle the coronavirus pandemic, but the outlook remains clouded with uncertainty, especially Read More →

Singapore Economy Grows 7.9% In Q3

Singapore's gross domestic product expanded a seasonally adjusted 7.9 percent on quarter in the third quarter of 2020, the Ministry of Trade and Industry said in Wednesday's advance estimate.Original Article Read More →

Singapore Central Bank Maintains Monetary Policy

Singapore's central bank left its monetary policy unchanged on Wednesday as the economy rebounded from a technical recession in the third quarter. The Monetary Authority of Singapore decided to maintain a zero percent per annum rate of appreciation of the Read More →

U.S. Producer Price Growth Exceeds Estimates In September

After reporting a modest increase in U.S. consumer prices on Tuesday, the Labor Department released a report on Wednesday showing U.S. producer prices increased by more than expected in the month of September. The Labor Department said its producer price Read More →