German industry calls for more support to diversify beyond China
One of Germany's main industry lobby groups called on Monday for more support for industry to diversify trade beyond China, as the government prepares new policies aimed at reducing the economy's dependence on Beijing.
- European Markets
Portugal's parliament passes 2023 budget bill on final reading
Portugal's parliament on Friday passed the majority Socialist government's 2023 budget, which aims to further slash the deficit and debt even as economic growth is expected to slow down sharply.
More Macro Matters
- Macro MattersMexico core inflation higher than expected in early Nov, rate hikes to continue
Mexico's annual consumer prices slowed more than expected during the first half of November, but the core inflation index - which remains a main concern in the country as it grapples with high costs - came in above market forecasts.
- Macro MattersSouth Korean c.bank slows rate hikes, sharply downgrades 2023 growth
South Korea's central bank on Thursday slowed the pace of rate hikes, sharply cut its 2023 growth forecast and tweaked the language used to describe its rates outlook, suggesting it could be headed towards the end of its tightening cycle.