The International Monetary Fund (IMF) argues that the economic impact of the new coronavirus may not be as big as credit rating agency S&P Global recently predicted, although IMF Director Kristalina Georgieva stressed that the damage will be greater if the virus continues to spread. In a baseline scenario, IMF expects the Chinese economy to grow by 5.6% this year. The growth of the world economy would only decrease by 0.1%.
Figures from the German Federal Statistical Office show that in the last quarter of 2019 the German economy remained the same size as a quarter earlier. Economists also expected this outcome. In the third quarter, the economy increased by a revised 0.2%.
According to the research institute Ifo, German entrepreneurs’ confidence in the economy increased unexpectedly in February. Ifo’s confidence index stood at 96.1 in February compared to 96 in January. Economists expected a level of 95.3.
The 6M Euribor is unchanged at -0.36% compared to previous business day. The 10Y Swap decreased with 5 basis points to -0.14% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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