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Economics Gazette

Economy and Business news

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November 20, 2019

Archives for January 2017

British economy

British economy grew by 0.6% in Q4 2016

The British economy grew faster than economists had expected, continuing to disprove predictions that Brexit will prevent the expansion. The GDP increase in the fourth quarter of last year amounted to 0.6% quarter-on-quarter amid expectations for 0.5%t growth. So October-December 2016 marks the 16th consecutive quarter of growth. The increase on an annual basis accumulated

German economy

German economy has performed strongly at the end of 2016

The German economy performed very strongly at the end of the year, according to the German Central Bank Bundesbank. The economic growth of Germany is expected to have recovered significantly in the last quarter of 2016, supported by internal and external factors. Improving the situation has contributed to a significant increase in industrial production, which

Greek debt relief

Eurozone unblocked the Greek debt relief agreement

Eurozone unblocked the Greek debt relief agreement, which was approved and then was suspended under pressure from Germany after the surprise announcement in December on social measures, taken by the Greek government. The European Stability Mechanism, which is the body of the Eurozone responsible for control of the Greek debt, gave a green light to

Saudi Arabia

Saudi Arabia reduced budget spending

Saudi Arabia reduced budget spending by cancellation of projects worth 20 billion USD. The Arab Kingdom is trying to strengthen their finances against the drop in oil prices. Minister of Economy and Planning has hired a consulting firm PricewaterhouseCoopers (PwC) to examine the government deals worth 69 billion USD. The goal is to reduce their

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