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  • Dec 16, 2024

Germany Cuts Federal Debt Sales 13% to €380 Billion in 2025

(Bloomberg) -- Germany will reduce federal debt sales by 13% next year as the government scales back despite a sputtering economy and pressure to support Ukraine’s defense against Russia. Most Read from BloombergHow California Sees the World, and ItselfHong Kong's Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearWith a change of power pending, the administration intends to sell about €380 billion ($400 billion) in securities, according to a statement

  • Dec 16, 2024

Swiss economy to grow 1.5% next year, government forecasts

The Swiss economy will grow by 1.5% next year, the government forecast on Tuesday, slightly revising down its outlook for one of Europe's traditionally most resilient economies. Switzerland's export-oriented economy had previously been forecast to grow by 1.2% this year and 1.6% next year, the State Secretariat for Economic Affairs (SECO) said. SECO said domestic demand is likely to be a key driver of growth next year in Switzerland, which is having to weather subdued demand for its goods in Germany and China.

  • Dec 16, 2024

Bank of Korea board members see need to respond to slowing economy, minutes show

South Korea's monetary policy board members said there was a need to respond quickly and preemptively to a slowing economy, as they decided to lower interest rates for a second straight meeting on Nov. 28, according to minutes released on Tuesday. "It is deemed more urgent at this time to respond preemptively to downward pressure on the economy," one member said. "As rate cuts alone will be insufficient to control the risks at hand, there is a critical need for timely and flexible policy coordination with fiscal policy," the member said.

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