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No recovery yet for 'lacklustre' German economy, says Bundesbank
No recovery yet for 'lacklustre' German economy, says Bundesbank
by  AFP

Germany's "lacklustre" economy will likely stagnate again in the third quarter, the Bundesbank central bank said Monday, as weak demand from abroad and high interest rates take their toll on Europe's industrial powerhouse. Europe's largest economy is "still lacklustre" and "still experiencing a period of weakness", it added.

Most markets sink as China rate cut fails to ease economy worries
Most markets sink as China rate cut fails to ease economy worries
by  AFP

Most Asian markets fell Monday as China's decision to cut interest rates again failed to reassure investors, who are growing increasingly worried about the outlook for the world's number two economy. While the Fed and others contemplate more increases, the People's Bank of China on Monday announced another cut in bid to kickstart the sputtering economy.

China cuts key interest rate to support economy
China cuts key interest rate to support economy
by  AFP

China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy. Monday's measures -- which run counter to rising interest rates around the world as other major economies work to curb inflation -- will indirectly support economic activity as China's growth flags.

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