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By Olivia Le Poidevin GENEVA (Reuters) -Global economic growth could slow to 2.3% as trade tensions and uncertainty drive a recessionary trend, the UN Trade and Development (UNCTAD) agency said on Wednesday.    “Global growth is projected to slow to 2.3% in 2025, placing the world economy on a recessionary path,” UNCTAD said, citing a …

Global economic growth could slow to 2.3% due to trade tensions, says UN trade agency Read More »

By Pawel Florkiewicz WARSAW (Reuters) – July is a very safe moment to cut interest rates in Poland, Monetary Policy Council (MPC) member Ireneusz Dabrowski said, although he did not rule out that the decision could be made earlier and added that wage data would be key. “The decision to cut rates may come sooner, …

Polish central banker Dabrowski says July a safe time to cut rates Read More »

By Nina Chestney LONDON (Reuters) – Britain’s power grid could experience its lowest-ever electricity demand this summer as renewables generation and cheap power imports from Europe keep the system well supplied, the National Energy System Operator (NESO) said on Wednesday. In its summer outlook covering April to October, NESO said the electricity transmission network could …

UK power grid could face lowest-ever demand this summer, operator says Read More »

BUDAPEST (Reuters) – Central Europe cannot expect a big boost from Germany’s fiscal expansion despite strong links to Europe’s largest economy, where part of the stimulus benefits will be offset by U.S. tariff effects and uncertainty, S&P Global told Reuters. Germany gave the green light last month to a massive surge in borrowing that is …

Central Europe cannot expect big boost from German fiscal expansion, S&P says Read More »

FRANKFURT (Reuters) – The euro zone’s current account surplus narrowed in February as a higher services surplus was not big enough to offset a rise in goods imports, European Central Bank data showed on Wednesday. The currency bloc’s seasonally adjusted balance of payments surplus narrowed to 34.3 billion euros in February from 40.3 billion a …

Euro zone current account surplus narrowed in February Read More »