Reuters poll

India’s already-high inflation likely climbed further in September: Poll

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India’s already-high inflation likely climbed further in September: Poll

BENGALURU- Retail inflation in India likely rose further above the central bank’s medium-term target last month as food prices climbed due to lingering supply disruptions, a Reuters poll found, reducing the chances of another interest rate cut. Persistent high prices have hurt the recession-stricken economy, which contracted a record 23.9% in April-June despite the Reserve … Read more

Italy’s GDP slumps unprecedented 12.4% in Q2, but better than analysts had feared

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Italy’s GDP slumps unprecedented 12.4% in Q2, but better than analysts had feared

ROME – Italy‘s economy shrank 12.4% in the second quarter from the previous three months, preliminary data showed on Friday, as activity nosedived during the coronavirus pandemic, but the fall was less severe than many analysts had predicted. The quarterly slump in gross domestic product (GDP) in the euro zone’s third largest economy was “unprecedented”, … Read more