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French economy to grow just 0.2% in Q2

  Bloomberg The French economy will grow only 0.2% in the second quarter after stagnating at the start of the year as companies face increasing difficulty getting supplies following Russia’s invasion of Ukraine, the Bank of France said. The share of industrial firms reporting supply issues affecting their output rose to 65% in the central bank’s monthly survey, the highest ...

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Spain working to request EU recovery loans, says PM

  Bloomberg Spain will seek to tap European post-pandemic recovery loans, Prime Minister Pedro Sanchez said. Spain is working with the European Commission to tap “funds that are available as loans,” after having already received funds as unconditional grants, Sanchez said in an event in Madrid on Thursday. “We will seek to incorporate part of these loans to our recovery ...

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Denmark raises economic forecast for 2022

  Bloomberg Denmark is raising its economic growth forecast for 2022 as the Nordic country’s strong labour market will help the economy overcome most global headwinds, according to government documents seen by Bloomberg News. Gross domestic product will likely expand 3.4% this year, up from the government’s main scenario in March of 1.6%, the documents showed. The economy will grow ...

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