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17 Jan 2020

Bank of Italy: Deficit-to-GDP ratio probably fell slightly from 2018 level of 2.2%

Italy's deficit-to-GDP ratio in 2019 was probably slightly below the 2018 level of 2.2%, the Bank of Italy said in a publication on Friday, citing preliminary data available for 2019.

"Italy 2019 debt-to-GDP ratio probably rose from 2018 level of 134.8%," the bank further noted and added that it expects Italy's GDP growth in the fourth quarter of 2019 to be "roughly stationary" on a quarterly basis following the 0.1% expansion recorded in the third quarter.

The shared currency's reaction to these figures was muted and the EUR/USD pair was last seen trading at 1.1101, losing 0.32% on a daily basis.

Jan 17, 2020

Fed's Harker: Global slowdown, trade uncertainty holding back business investment

The global economic slowdown, trade uncertainty and geopolitical tensions are holding back business investment in the US, Philadelphia Federal Reserve

Confirming you are not from the U.S. or the Philippines

Bank of Italy: Deficit-to-GDP ratio probably fell slightly from 2018 level of 2.2%

Fed's Harker: Global slowdown, trade uncertainty holding back business investment

United States Capacity Utilization below forecasts (77.1%) in December: Actual (77%)