Description
Added on the 29/05/2020 17:29:08 - Copyright : Euronews EN
Buenos Aires, May 20 (EFE).- Despite a notable improvement in March , Argentine economy has been stagnant for two months, adding to the uncertainty in the forecasts regarding the continuity and degree of recovery in the coming months. (Camera: ALBERTO CARATOZZOLO).B-ROLL OF THE CITY OF BUENOS AIRES, ARGENTINA.
Speaking at a news conference in Brussels, EU Commission vice-president Valdis Dombrovskis announces the EU has rejected Italy's budget. SOUNDBITE
Britain's economy will rebound this year and not shrink as initially thought, but will grow far less than expected next year, finance minister Jeremy Hunt says as he presents his Autumn Statement to parliament. Gross domestic product will expand 0.6 percent in 2023, Hunt said citing the Office for Budget Responsibility fiscal watchdog, upgrading its prior forecast of minus 0.2 percent. GDP is then set to grow by 0.7 percent in 2024, which was sharply down from previous guidance for a 1.8-percent expansion. SOUNDBITE
The US Federal Reserve has voted to hold interest rates at a 22-year high for a second straight meeting. "Today we decided to leave our policy interest rate unchanged," announces Fed chair Jerome Powell. SOUNDBITE
US Federal Reserve Chair Jerome Powell announces that the US Federal Reserve has voted to keep interest rates at a 22-year high, between 5.25 percent and 5.50 percent. SOUNDBITE
The European Commission recommends war-torn Ukraine be formally named a "candidate" for joining the EU, a move that could open up a years-long path towards joining the bloc. SOUNDBITE