Finance minister Rishi Sunak delivered what he hopes will be a last big spending splurge to get Britain's economy through the COVID-19 crisis, and announced a corporate tax hike from 2023 as he began to focus on the huge hit to the public finances.
Finance minister Rishi Sunak announced a costly extension of his emergency aid programmes to see Britain's economy through its coronavirus lockdown but also said corporate tax would rise as he began to focus on fixing the public finances.
Banks offer lower repayment plans to keep loans performing Central bank projects 8-10 bln euros of loans may turn bad
ATHENS, March 3 (Reuters) - Greek banks are making plans to ease borrowers back to normal debt servicing schedules once repayment holidays introduced during the coronavirus crisis come to an end so they can avoid a sudden shock that could prompt a wave of defaults.
Banks in Greece deferred repayments on about 30 billion euros ($36.26 billion) worth of loans last year to help 400,000 borrowers - individuals and businesses - cope with the financial fallout from the COVID-19 pandemic, the country’s bank association has said.
Investor confidence in the Brazilian government's economic agenda is plummeting, making the real currency one of the worst performing in the world this year, behind only the Libyan dinar and Sudanese pound.
By Reuters Staff
2 Min Read
MEXICO CITY (Reuters) - Mexico’s central bank on Wednesday gave a more optimistic view of economic growth and job creation for this year and next than previously forecast, but said the coronavirus pandemic still posed serious risks to the outlook.
FILE PHOTO: The logo of Mexico s Central Bank (Banco de Mexico) is seen at its building in downtown Mexico City, Mexico February 28, 2019. REUTERS/Daniel Becerril
In a quarterly report, the bank said its central scenario was that gross domestic product would expand by 4.8% in 2021 and by 3.3% in 2022, up from prior forecasts of 3.3% for 2021 and 2.6% growth for 2022 for Latin America’s No. 2 economy.