Austria's government is adjusting its forecast for 2021 tax revenue and public spending, leading to a bigger budget deficit as lockdowns crimp economic growth and force the government to expand assistance to hard-hit sectors of the economy. Planned payments stand at 97.4 billion euros, an increase of 5.5 billion euros compared to previous estimate, the Finance Ministry said on Sunday.
U.S. employers might have trouble hiring workers fast enough in coming months to keep up with the projected burst of economic growth. Consumer spending at restaurants, hotels and salons is already starting to take off as the grip of the Covid-19 pandemic eases and more people get vaccinated and draw on their stimulus checks and savings. But many economists expect economic activity to pick up faster than payrolls, at least initially, for several reasons, causing bottlenecks and...
Federal Reserve Chairman Jerome Powell has worked hard to explain the central bank's policies to ordinary people, hoping to shore up trust at a time of wavering public faith in institutions. The effort has produced some unintended results. On Wednesday, for instance, Mr.
Canada's Health ministry says Pfizer
Inc (PFE) has submitted request: * TO EXPAND USE OF ITS COVID-19 VACCINE TO 12-15 YEAR-OLDS; CURRENTLY USED ONLY FOR 16 YEARS AND UP Further company coverage:
The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Apr 17 608 K 576 K 1000 Existing Home Sales Mar 6.03 M 6.22 M-- percent change -3.1% +6.6% 1000 Leading Index Mar +0.9% +0.2% 1100 Kansas City Fed Mfg Svy Apr 27 26 Composite Index Friday 0945 Markit Flash Mfg PMI Apr 60.5 59.1* 0945 Markit Flash Services PMI Apr 61.0 60.4* 1000 New Home Sales Mar 893 K 775 K-- percent...
The U.S. economy is set to take off this year as more Americans get COVID-19 vaccinations and become comfortable engaging in a wider range of activities, but any accompanying spike in inflation is likely to be temporary, the Federal Reserve's newest board member said on Friday, echoing the view of most U.S. central bankers.
Emerging market central banks delivered five net interest rate hikes in March, marking the end of an easing cycle which started in 2019 as central banks in the developing world grapple with rising inflation pressures.
Emerging market central banks delivered five net interest rate hikes in March, marking the end of an easing cycle which started in 2019 as central banks in the developing world grapple with rising inflation pressures.
The Swiss National Bank said on Friday it remained ready to intervene in foreign exchange markets, after the U.S. Treasury Department dropped its currency manipulator label for the country even though it met criteria for the designation.
Hiring increased in 49 states across the country in March, with large states such as California, Texas and New York adding the most jobs. California added 119,600 last month, Texas added 99,000 and New York employment rose 63,700, the Labor Department said Friday. Alaska was the only state to shed jobs, losing about 200. Still, labor-market performance is uneven across the states, as some dealt with increases in infections while others have more fully reopened as vaccinations...
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