Business cycle

Investment management giant Pimco identifies seven major macro themes for the global economy in 2020, and projects the slowdown in the eurozone to continue at the same time as Greece expects to start a period of robust growth. While the prospect of a global recession has eased for now, when it does come it may be more difficult to tackle, Pimco argues in a report shared with Kathimerini.

Romania's industry partially came out of depression in September 2019, but the mood among the companies has not changed significantly as against August, although managers seem to be a little more optimistic, according to the Romanian Industry Barometer released on Thursday.

The German economy will be able to counteract a possible economic crisis, Finance Minister Olaf Scholz said today in an interview with the public broadcaster ARD, quoted by Reuters.

The minister, however, added that he did not expect a crisis as severe as the one that had occurred in 2008-2009.

Global growth is projected to slow down further in the next few months, affecting Greece and the rest of the eurozone, warn analysts at Pimco, one of the world's leading investment funds.

The industry did not recover in July after the powerful crash in June, the Romanian Industry Barometer shows, mentioning that in the summer crashes in industry are hard to recoup, especially when the global context is difficult. "Seasonality partially explains the poor activity.

There was a 0.1% decline in GDP in the second quarter of this year.

The German economy will enter a recession in the third quarter due to the "sharp" decline in industrial production due to tensions in international markets, Bundesbank warned.

Yesterday, the European Central Bank published an economic newsletter warning of the deteriorating risks to the global economy.

Many influential experts have been announcing the next crisis for quite a while now. What is your opinion on that?

Greek banks' full repayment of emergency liquidity assistance (ELA) drawn from the domestic central bank is credit positive as it reduces their funding costs, ratings agency Moody's said in a credit outlook report on Thursday.

The U.S. Federal Reserve on March 20 brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would halt the steady decline of its balance sheet in September.