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28 Nov 2018

Morgan Stanley: Italy to struggle to achieve planned 2019 growth rate - CNBC

Reporting on a recently published analysis by Morgan Stanely, CNBC said that Italy will struggle to achieve the growth rate targeted in the 2019 budget proposal.

"In its latest 2019 budget draft plan, Rome has forecast a growth rate of 1.5 percent in 2019 — a contrasting estimate to Morgan Stanley's latest forecast of 0.5 percent of gross domestic product (GDP) for next year," CNBC's Silvia Amaro wrote.

"We expect a contraction in economic activity towards year-end, mainly driven by domestic demand, both consumer spending and business investment," Morgan Stanley noted, according to CNBC. "Further out, the fiscal boost to growth will probably have some beneficial effects on consumption. But it's unlikely to be so big as to result in an improvement of the public finances."

Nov 28, 2018

ECB's de Guindos: Euro area economy is continuing to grow

Below are some key highlights from the speech delivered by Luis de Guindos, Vice-President of the ECB, at the joint EIB-ECB conference on investment,

Uk PM May spokesman: In all Brexit scenarios, the economy will continue to grow

Commenting on the recently published report that compares different Brexit scenarios and their potential impact on the UK's economy, British Prime Min