Business News
Italian Government To Announce 0.9% Growth Forecast
The Italian government is expected to announce a growth forecast of 0.9% for 2023 with a deficit of 4.3% in the upcoming Document of Economy and Finance (DEF) to be presented to Parliament. This comes amidst ongoing discussions on the National Resilience and Reconstruction Plan (PNRR) and as the EU…
Italy's Service Sector Achieves Fastest Growth in March Since Nov 2021 - PMI
Italy's services sector grew at its fastest rate in 16 months in March, according to S&P Global's Purchasing Managers' Index (PMI). The PMI for Italian services rose to 55.7 from 51.6 in February, surpassing expectations and indicating a recovery in the country's third-largest economy. New business also increased at a…
Indonesia Exporting 25 Tons of Coffee to Egypt through Trade Offsetting Scheme
Indonesia's trading company, PT Perusahaan Perdagangan Indonesia (PPI), Member of ID Food, has become the Implementing Body for Trade Offsetting, sending 25 tons of coffee worth USD60,000 to Egypt. The export event was officiated by Didi Sumedi, Director General of National Export Development at the Ministry of Trade, along with…
Italian Economy Bounces Back in First Quarter, Says Bank of Italy
The Bank of Italy has indicated that Italy's economic output likely grew in the first quarter of 2023, thanks to eased energy costs. This would be an improvement from a decline of 0.1% in gross domestic product (GDP) in the last quarter of 2022. The central bank's quarterly economic bulletin,…
