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taiwan aug20 28may20 Taiwan's economy is forecast to grow at the slowest pace in five years in 2020 as coronavirus, or Covid-19, pandemic has weighed on consumption, the Directorate General of Budget, Accounting & Statistics, or DGBAS, said on Thursday. Gross domestic product is forecast to grow 1.67 percent this year, much slower than the 2.71 percent growth logged in 2019.

preview sept20 28may20 Economic sentiment from euro area and preliminary inflation from Germany are due on Thursday, headlining a busy day for the European economic news. At 3.00 am ET, the Swedish National Institute of Economic Research is set to publish economic tendency survey results.

ecb jan24 27may20 The European Central Bank President Christine Lagarde said the euro area economy is likely to contract as much as 12 percent in 2020 as member countries struggle to emerge from the coronavirus pandemic. On a live webinar, Lagarde said on Wednesday, the actual economic outcome would come between the ECB's "medium" and "severe" scenarios. The mild scenario is outdated.

preview2 sept20 27may20 Consumer and business sentiment survey results from France are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Statistics Norway is set to issue unemployment and retail sales data. The jobless rate is forecast to rise to 4 percent in March from 3.5 percent in the preceding period.

trade The total value of construction work done in Australia declined a seasonally adjusted 1.0 percent on quarter in the first quarter of 2020 - standing at A$49.481 billion. That exceeded expectations for a decline of 1.5 percent following the 3.0 percent drop in the three months prior. On a yearly...

The U.S. dollar was weak against its major rivals on Tuesday as risk sentiment improved significantly amid gradual reopening of businesses across the world after several weeks of lockdown.

germany may25 26may20 German consumer confidence is set to recover marginally in June from a record low after the gradual reopening of many businesses, survey results from the market research group GfK showed Tuesday. The forward-looking consumer sentiment index rose to -18.9 in June from -23.1 in May. The score was expected to improve to -18.3.

singaporetrade jan17 26may20 Singapore's economic outlook for 2020 was lowered further due to the deterioration in foreign demand forecast and the expected economic impact of the coronavirus containment measures. The Ministry of Trade and Industry on Tuesday forecast the city-state economy to shrink "-7.0 to -4.0 percent" this year instead of "-4.0 to -1.0 percent projected in March.

previewimage sept25 26may20 Consumer confidence data from Germany is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the market research group Gfk publishes German consumer sentiment survey results. The forward-looking consumer sentiment index is forecast to rise to -18.3 in June from -23.4 in May.

germanyifo july25 25may20 Germany's business confidence improved in May driven by modest expectations of an economic revival, thanks to partial withdrawal of lockdown restrictions that were imposed to slow the spread of the coronavirus, or Covid-19. The ifo business confidence index climbed to 79.5 from a record low 74.2 in April, which was revised from 74.3, survey results from ifo Institute showed Monday.

germany may25 The German economy contracted at the fastest pace since the global financial crisis, as initially estimated, due to the coronavirus pandemic, revised data from Destatis showed on Monday. Gross domestic product fell 2.2 percent sequentially, the biggest fall since the first quarter of 2009 and the second biggest since the German unification. The rate came in line with the estimate.

preview oct26 25may20 Business sentiment and revised quarterly national accounts from Germany are due on Monday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's quarterly national accounts for the first quarter. According to initial estimate, the economy had contracted 2.2 percent sequentially, the fastest fall since the global financial crisis in 2008-09.

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