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...That’s really hit Germany harder as well. Josh Gabert-Doyon And what does it mean for the country? Are people and businesses struggling? Martin Arnold Yes....
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...“Details from France and Spain, as well as the Italian and German reports, suggest domestic demand was a drag on growth while net trade provided a boost,” said Melanie Debono, an economist at consultants...
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...That is well above the negative ratings of just under 9 per cent for Mario Draghi, who Lagarde replaced in 2019, and 14.5 per cent for his predecessor, Jean-Claude Trichet....
...There were 238,500 building permits granted in the first 11 months of last year, down more than a quarter from a year earlier and leaving the sector likely to fall well short of the German government’s 400,000...
...Since the start of this year, several well-known German companies — including the department store chain Galeria Karstadt Kaufhof and Hamburg-based bag maker Bree, whose customers include Chancellor Olaf...
...Higher output in industry and services as well as a positive contribution from foreign trade boosted Italy’s growth in the fourth quarter, offsetting weaker domestic demand and a downturn in farming, forestry...
...As well as tracking wage developments in real time, policymakers will be keeping a close watch on company profits, service sector inflation, constantly evolving energy prices and fiscal decisions on the...
...Germany is less well known for its national cuisine than countries such as France or Italy....
...As well as advising private clients, he has testified to the US Congress and other forums on the topic of mobility technology and autonomous vehicles....
...The team has been out in front in understanding the potential of this new technology — including use of OpenAI’s GPT-3 since February 2022, well before its official launch....
...“It will slow further in coming months, and likely well into 2024, as interest rates faced by firms and households have continued to rise, catching up to ECB monetary tightening, and credit standards remain...
...“Being too slow to cut rates [could] well prove more damaging for the ECB credibility than failing to raise rates quickly in response to an energy shock,” said Davide Oneglia, head of European and global...
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